Occurred Nov 10, 2026, 2:52:00 PM UTC

First published Nov 11, 2026, 1:01:18 AM UTC · Last updated Nov 11, 2026, 1:01:18 AM UTC

Venezuela signs a memorandum with ExxonMobil for the oil major’s return after leaving in 2007

Venezuela signed a memorandum of understanding with ExxonMobil concerning the company’s return. The document is not a contract, and the source reports no investment figures or timelines.

At a glance

Affected location: Venezuela

Illustrative image: This is a map of South America showing the outline and capital city of Venezuela .The borders depicted are the official view of Suriname. The outline of each country is shown with a yellow line and the location of the capital is indicated with a red circle. — SurinameCentral/Wikimedia Commons, CC BY-SA 4.0

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Why it matters

The source describes a potential return but provides no binding contract, investment figures, or timeline.

Location

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Generated scores

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Confidence: 6/10How certain the assessment is based on the clarity and evidence in the cited reporting.
Geographic reach: 4/10How widely the event reaches, from a local area (1) to worldwide impact (10).
Global importance: 3/10The event's broader significance, from limited importance (1) to major global importance (10).
Impact magnitude: 2/10The scale or severity of the real-world impact, from minor (1) to extreme (10).
Urgency: 1/10How time-sensitive the event is, from low urgency (1) to immediate attention needed (10).

Primary official sources

MercoPress UK Venezuela signs a memorandum with ExxonMobil for the oil major’s return after leaving in 2007

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