Exxon plans to spend $1.5B on Nigeria deepwater development, government says

ExxonMobile Posts Record Breaking Quarterly Profit

David McNew/Getty Images News

Exxon Mobil (NYSE:XOM) plans to spend $1.5B in Nigeria on deepwater exploration and development over the next two years, the country’s upstream regulator said Wednesday, refuting previous reports that Exxon was considering exiting the country.

The planned investment will focus

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