ExxonMobil has agreed to return 20% of the Stabroek offshore oil block to the government of Guyana. The Stabroek block is a large maritime area designated for oil exploration and production off the coast of Guyana, which is also claimed by Venezuela. The decision was confirmed by Guyana's Ministry of Natural Resources and has attracted international attention. Separately, ExxonMobil is engaged in discussions with Trinidad and Tobago regarding seven deepwater oil blocks, indicating the company's ongoing interest in expanding its offshore operations in the Caribbean region. Meanwhile, Venezuela's oil production has shown more resilience than expected despite the U.S. mandate for Chevron to cease operations there, aided by a last-minute procurement of key production supplies.