Exxon Mobil (XOM) is rumored to be in talks with the oil and gas arm of Abu Dhabi's state-run...

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

Exxon Mobil (XOM) is rumored to be in talks with the oil and gas arm of Abu Dhabi's state-run investment fund on selling a 5% stake in Iraq's gfiant West Qurna-1 oilfield. Iraqi officials believe XOM is staying at West Qurna-1 at least until next year but also will move ahead to cut its share to shift focus to other projects.