Tag: oil

Exxon Not Budging Vs. Venezuela Gov’t Over New Contracts

BY MONICA SHOWALTER Posted 12/29/2005 Alone among big oil, Exxon Mobil (XOM) isn’t backing down from a confrontation with Venezuela. Venezuela’s government says all foreign investors must accept “mixed company” arrangements by Dec. 31 under a 2001 law. Other firms have reluctantly “migrated” to new state-dominated oil production joint ventures,

John Todd

New Zealand’s First Billionaire

By Monica Showalter John D. Todd, chairman of The Todd Corporation in Wellington, New Zealand, is a big fish in a small pond. And the 74-year-old head of the family-owned energy conglomerate plans to continue getting bigger. Forbes estimates his Todd Corporation is worth at least $1 billion. The fortune was launched four