With oil prices low, early signs of a pullback in drilling activity
Green Car Congress
NOVEMBER 14, 2014
For example, ExxonMobil and Chevron have been insulated in the third quarter because of their large holdings in refining. For the third quarter, ExxonMobil reported a 3 percent rise in earnings compared to quarter three in 2013. Yet, many oil majors are relatively diversified, with large holdings downstream.
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