Exxon lowers oil prices outlook for much of the next decade – WSJ



© 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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.





READ SOURCE

READ  E-commerce: Time to build muscle through strategic purchases or alliances

LEAVE A REPLY

Please enter your comment!
Please enter your name here