Exxon Mobil announced today that they will be limiting their off-shore drilling in West Africa out of concern for their employees. Its off-shore drilling is supported by those located in areas that have had Ebola cases. Exxon is prohibiting all traveling to these areas as a safety precaution for employees. It appears Exxon will be rethinking their commitment to this area.
When evaluating the Ebola issue and ExxonMobil’s problems with the latest sanctions facing the Russia which impacts its drilling there. Will ExxonMobil focus more on the U.S. with XTO’s holdings in the Marcellus and Utica where it’s been very successful? We’ll keep you informed on any moves that ExxonMobil makes.