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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.). Alternative liquid fuels do not offer DoD a way to appreciably reduce fuel costs.

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Equatorial Guinea, DRC to develop joint oil refinery and storage facilities

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The agreement provides for the establishment of a working group to achieve shared energy objectives and the implementation of specific projects. —Equatorial Guinea’s Minister Gabriel Mbaga Obiang Lima. West-Central Coastal Province, West Africa. —DRC Minister Didier Budimbu Ntubuanga.