Chad nationalizes Exxon's assets, sparks legal battle.
TL;DR Summary
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.
- Chad nationalizes Exxon-owned assets (NYSE:XOM) Seeking Alpha
- Chad says it has nationalized all assets owned by Exxon Mobil Reuters
- Chad says it has nationalised all assets owned by Exxon Mobil Al Jazeera English
- Chad nationalizes assets by oil giant Exxon, says government The Hill
- Savannah Energy plans to pursue legal rights over Chad's nationalisation move Reuters
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