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Oil and gas firms cut costs further as recovery falters

Monday, July 24, 2017 - 05:50

Net income for Exxon is expected to double in the quarter ending June 30 from a year earlier.


AFTER a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

Corporate hopes were raised by a deal between members of the Organization of the

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