Exxon is nearing a preliminary deal to invest in Venezuela's oil fields, according to the Wall Street Journal. The company is negotiating a potential return to the Latin American country 19 years after its exit.

This move would mark a significant re-entry for Exxon into a country where it previously had substantial operations. The negotiations are ongoing, and a deal is not yet finalized.

If completed, the investment could signal a shift in Venezuela's oil sector, which has struggled in recent years. Exxon's return would bring new capital and expertise to the region.

The article highlights Exxon's interest in re-establishing its presence in Venezuela, a key oil-producing nation. The potential deal underscores the company's strategic focus on expanding its global footprint.