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Exxon (XOM) nears a preliminary deal to invest in Venezuela's oil fields, according to WSJ

StockNow breaking-news AI analysis

Exxon Mobil is nearing a preliminary deal for Venezuelan oil fields holding 50 billion barrels, though infrastructure and legal hurdles mean production remains years away.

News detail

"The deal could encompass fields that collectively have 50 billion barrels of oil buried underground, one of the people said."

1 stocks
XOMExxonMobil Holdings Corporation$163.72Current price

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