ExxonMobil inks preliminary deal to return to Venezuela after calling the country ‘uninvestable'

Impact · against what's priced in

ExxonMobil's preliminary agreement to return to Venezuela provides a potential long-term growth catalyst through access to massive reserves, though immediate impact is limited by the non-binding nature of the deal. For Chevron, the reported plans to double production are already reflected in the market's expectations for upstream volume growth.

CVX+0.00

Already priced in

The price assumes

Upstream volume growth of 2%-3% annually through 2030