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Question 1 5 pts As of the 10-K for FY2020, Exxon Mobil Corporation collected an award of approximately $900 M against Venezuelan National Oil Company
Question 1 5 pts As of the 10-K for FY2020, Exxon Mobil Corporation collected an award of approximately $900 M against Venezuelan National Oil Company from a Paris-based affiliated international dispute resolution institution related to the 2007 Venezuelan expropriation of ExxonMobil's interest in projects within Venezuela. ExxonMobil still seeks more than $1.3 billion in damages through a World Bank international dispute resolution institution. ExxonMobil expects that the outcome of litigation will not be material to operations or financial condition. In contrast, Chevron accepted the Venezuela government unilateral forced sale of interest in assets into Petropiar, a joint stock company formed in 2008. As of EOY FY2008 10K, Chevron's carrying value of its investment in Petropiar was approximately $250M less than the amount of the underlying equity in Petropiar's net assets. O True O False
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