Key Points Media reports stated that the oil giant might be close to signing a deal with government officials. This could potentially give it access to the equivalent of around 50 billion barrels of crude. 10 stocks we like better than ExxonMobil › One of the more spectacular returns in the global oil industry might be happening right now. According to several media reports published after market close on Thursday, ExxonMobil (NYSE:XOM) is in advanced discussions to invest in oil fields in Venezuela. The company exited that market in mid-2007 following a series of disputes with the government of former President Hugo Chávez, which aimed to effectively renationalize the domestic oil sector. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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