In 2007, Venezuela nationalized its oil assets, violating contracts with oil giants such as Exxon. A Paris-based International Chamber of Commerce arbitration panel awarded $908 million to Exxon, and the outcome is being viewed as more of a victory for the country’s state oil company than the company.
Ah, nature. Chirping birds, fresh air and oil gushing into rivers. Credit the latter to a leaking pipeline operated by Exxon Mobil. The company says as many as 1,000 barrels of crude have leaked into Montana’s Yellowstone River, leaving its mark as far as 10 miles away from the pipeline.