The Conversation (0)
Reuters reported that Exxon expects their production to fall by 1 percent in 2013 before ramping up again.
Reuters reported that Exxon expects their production to fall by 1 percent in 2013 before ramping up again.
As quoted in the market report:
The world’s largest oil companies have struggled to increase oil and gas output, forcing them to invest record amounts of capital to tap into difficult-to-reach fields. Those big investments do not yield immediate growth, forcing the companies to focus on wringing the most from every dollar by improving operations through efficiency or technology.