Exxon Mobil (XOM -2.5%) might receive much less compensation than it expected from Venezuela for...

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

Exxon Mobil (XOM -2.5%) might receive much less compensation than it expected from Venezuela for the nationalization of its assets in 2007 after the energy minister proposed a figure of $1B, Reuters reports. Talks had been focusing on a negotiated settlement for $6B.