The Ebola outbreak in Africa is threatening Exxon Mobil’s (XOM) activities in the region, including plans to drill for oil there. Exxon CEO Rex Tillerson said during a news conference it’s having second thoughts about plans to start offshore drilling in some areas in West Africa due to concerns . The company has also banning business travel by employees to areas of the world affected by the disease. Shares of Exxon are down 7 cents, or 0.08%, to $92.80. Africa is home to 20% of Exxon’s crude oil developed proved reserves and 3% of natural gas. Meanwhile, 20% of Exxon’s undeveloped proved oil reserves are in Africa. There are not many large U.S. companies with significant activity in the sub-Saharan Africa region. There are just seven companies disclosing notable geographic locations in the region, says S&P Capital IQ including: Company Ticker Accenture ACN American […]
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