tldrdailynews.com logo

Chad nationalizes Exxon's assets, sparks legal battle.

1 min read
Source: Seeking Alpha
Chad nationalizes Exxon's assets, sparks legal battle.
Photo: Seeking Alpha
TL;DR

Chad has nationalized all assets and rights, including Exxon Mobil's 40% stake in the Doba oil project and a stake in the Chad-Cameroon oil pipeline, after a long dispute between the two parties. Exxon Mobil's shares are expected to decline further when earnings are announced on April 28.

Topics:business#business#chad#exxon-mobil#nationalization#oil-pipeline#oil-project
Share this article
  1. Chad nationalizes Exxon-owned assets (NYSE:XOM)  Seeking Alpha
  2. Chad says it has nationalized all assets owned by Exxon Mobil  Reuters
  3. Chad says it has nationalised all assets owned by Exxon Mobil  Al Jazeera English
  4. Chad nationalizes assets by oil giant Exxon, says government  The Hill
  5. Savannah Energy plans to pursue legal rights over Chad's nationalisation move  Reuters

Want the full story? Read the original reporting

Read on Seeking Alpha