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EXXON MOBIL TO EXPAND DESPITE OIL VOLATILITY; IN BRIEF

Mar 06, 2020 - City A.M.

Exxon Mobil will keep pursuing its current strategy of investing in new oil exploration, despite prices of the resource falling. The oil giant will pour money into shale gas, of which the US is the world's largest producer, and new oil fields. This comes as doubts rise about global demand for oil following the outbreak of coronavirus. Exxon is "playing the long game" said analyst Anish Kapadia of Palissy Advisors. The company is banking on competitors under-investing and Exxon's profits therefor...