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Friday, 27 May 2016

Exxon has suffered too much for flawed XTO deal

Low on gas

Investors have wiped over $40 bln off the value of the Texas energy giant since its splurge on gas producer XTO precisely the firm's price tag. With Congress ditching climate change rules, cleanburning gas looks like a bad bet. Yet to assume that XTO has zero value is barmy.

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