As you’ve likely read in the news, five oil companies recently received information requests from the SEC, which is trying to determine whether the companies made improper payments to officials overseas.
The payments were discovered during a U.S. Senate investigation into transactions at Riggs Bank. The probe uncovered large payments made by the five oil companies—Amerada Hess, ChevronTexaco, Exxon Mobil, Marathon Oil and Devon Energy—to officials in Equatorial Guinea.
