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Exxon, Chevron set to boost production as prices fall

2015-02-08 16:07:46| Chemicals - Topix.net

Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production. A record 8 of these megaprojects came online last year, Exxon said Monday -- just as oil prices were falling by more than half.

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