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Exxon Mobil big believer in domestic shale production

2015-03-06 01:25:07| Chemicals - Topix.net

In a world of $55 a barrel oil, Exxon Mobil is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future. Exxon unveiled plans Wednesday to double the amount of oil it pumps from U.S. shale fields during the next three years, even as it moves more cautiously on investments in big projects elsewhere.

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