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Spending cycles favour Exxon, Shell amid oil slump

All oil majors face negative cashflow but Chevron, Total and BP will have to borrow more to stay afloat: Moody's
Thursday, March 12, 2015 - 05:50
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THE world's two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.

London

THE world's two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.

The near halving of oil prices since