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Exxon, Chevron set to boost production just as prices fall

2015-02-02 22:36:20| 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 mega-projects came on-line last year, Exxon said Monday - just as oil prices were falling by more than half.

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