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Thursday, 31 July 2014

Gassier Exxon's brave new world isn't here yet

Gas mask

Alongside a 41 pct profit surge, the $400 bln energy group’s third quarter showed a further rise in gas output relative to oil. That may set Exxon up for the future. But for now, with crude pricier than gas, it could help explain its shrinking valuation premium to oilier Chevron.



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