You are here

Exxon Mobil makes deepest global reserves cut since 1999 merger

Low energy prices made it impossible to profitably harvest certain fields within five years

exxonmobil.jpg
Exxon Mobil Corp disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a US$16 billion oil-sands investment and other North American assets.

Chicago

EXXON Mobil Corp disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a US$16 billion oil-sands investment and other North American assets.

The equivalent of about 3.3 billion barrels of untapped

sentifi.com

Market voices on:

Powered by GET.comGetCom