Charity and the License to Operate: Exxon in Angola

Exxon Mobil, the world’s largest publicly traded oil company, is proactively making significant contributions to schools and hospitals in Angola as part of strategic market entry to that country. Exxon is one of the many multinational corporations seeking a license to operate through charity in emerging economies. By 2010, Exxon expects African nations to provide more than 30% of its oil and gas reserves.

Read the January 10, 2006 Wall Street Journal article on Exxon entitled "Digging Deep: As Exxon Pursues African Oil, Charity Becomes a Political Issue" for a more detailed account.