© Reuters. FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge
(Reuters) – U.S. oil major Exxon (NYSE:) has lowered its expectations for oil prices for much of the next decade, the Wall Street Journal reported on Wednesday, citing internal company documents.
As part of an internal financial-planning process conducted this fall, the company has cut its outlook for future oil prices for each of the next seven years by 11% to 17%, the report said. https://www.wsj.com/articles/exxon-documents-reveal-more-pessimistic-outlook-for-oil-prices-11606307763?page=1
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.