ExxonMobil Faces Political Headwinds: UK's Controversial Oil Field Approval and Iraq's Emphasis on Integrated Oil Development
Portfolio Pulse from Mohit Manghnani
Exxon Mobil Corporation (NYSE:XOM) is facing political challenges in the UK and Iraq. The UK's approval of the Rosebank oil field, expected to produce oil until 2046, has raised environmental concerns. In Iraq, the Prime Minister's emphasis on integrated oil projects could introduce potential political risks for ExxonMobil, including access limitations and regulatory changes.
October 04, 2023 | 8:50 pm
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Exxon Mobil Corporation is facing political challenges in the UK and Iraq, which could impact its operations and profitability.
The UK's approval of the Rosebank oil field, despite environmental concerns, and Iraq's emphasis on integrated oil projects could introduce potential political risks for ExxonMobil, including access limitations and regulatory changes. These developments could impact ExxonMobil's operations and profitability in the short term.
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