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Court decision would see Exxon pay Chad nearly seven-times the country’s GDP in penalties
A court decision handed down in the African country of Chad ordered international oil major ExxonMobil (ticker: XOM) to pay 44 trillion CFA francs ($75 billion) in connection to unpaid royalties. The company said it disagreed with the court decision, which would see the company pay four-times more than BP’s (ticker: BP) Deepwater Horizon settlement. The immense size of the fine against XOM represents almost 20% of XOM’s enterprise value.

The decision, ...

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