Exxon to narrow its focus on most promising oil plays, announces Q4 impairment
Exxon Mobil Corp. said late Monday it will focus on a few of its near-term, oil-rich assets that show more promise, including developments in Texas's Permian Basin and in South America, as it looks to prioritize between $16 billion and $19 billion in capital and exploration investments next year and between $20 billion and $25 billion annually through 2025. The company will leave behind some natural-gas plays in the U.S., Canada and Argentina that it called "less strategic." That is going to... Читать дальше...