XOM is nearing a preliminary agreement with Venezuela's state oil company to explore investments in developed and undeveloped oil fields. The Details: · Potential agreement: Exxon could sign a memorandum of understanding with Petróleos de Venezuela as soon as September. · Negotiation status: People familiar with the matter said discussions could still fail or extend beyond September. · Field potential: The prospective deal could include fields holding a combined 50 bi
XOM is nearing a preliminary agreement with Venezuela's state oil company to explore investments in developed and undeveloped oil fields. The Details: • Potential agreement: Exxon could sign a memorandum of understanding with Petróleos de Venezuela as soon as September. • Negotiation status: People fam