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Saturday, 28 May 2016

Exxon should succeed where Conoco blundered

Avoiding gastastrophe

Markets have taken a dim view of the oil giant s bet on gas with XTO wiping $20 bln off the company s capitalization. But Exxon has a big advantage: Rival Conoco wrote the definitive manual on how to botch such a deal. And Exxon is showing signs of having learnt the lessons.

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