Crude Oil Brokers Scam Blog
Friday 15 January 2021
Exxon stock slides on report of SEC probe into Permian valuations
The probe may cast a shadow over Exxon’s efforts to turn a corner after its shares posted their worst annual performance in 40 years in 2020 amid a collapse in oil prices. CEO Darren Woods has been forced to slash spending, and last month the company said it will write down the value of North and South American natural gas fields by as much as $20 billion. More »
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