Exxon (XOM) and its partners Hess (HES) and Petrobras (PBR) will abandon their exploration...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon (XOM) and its partners Hess (HES) and Petrobras (PBR) will abandon their exploration effort in the Santos Basin, epicenter of Brazil's offshore oil boom. The block was Exxon's only asset in a basin that's home to some of the largest oil discoveries in recent memory.