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  • Chad's ExxonMobil Workers Strike, Reducing Crude Output

    Crude-oil production by Exxon Mobil Corp. (XOM) in Chad has been cut for a fourth straight day, owing to protests by workers at the oil giant's unit in the Central African nation, according to reports on Monday by Chad's state television. The workers are protesting that ExxonMobil (XOM) is in negotiations to sell its 40% stake in the consortium exploiting Chadian crude and leave the country without paying them compensation, Tele Tchad reported. "Since Friday, Chadian operators of the control...

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