We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Exxon marks the spot

2 February 2016 By Kevin Allison

The U.S. energy titan axed 2016 capex plans by more than expected and halted share buybacks, even as Q4 profit beat forecasts. It suggests Exxon is girding for a prolonged slump. The more the industry slashes, however, the greater the odds of an eventual rally in crude prices.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)