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Exxon Concedes It May Need to Declare Lower Value for Oil in Ground

The company may have to concede that 3.6 billion barrels of oil-sand reserves and a billion barrels of other reserves are currently not profitable to produce. [Source]

Publication Date:

Origin: nytimes.com

Category: Canada

Topics: reserves, barrels, billion, produce, profitable, currently, oil-sand, concede, company, Ground, Value, Lower, Declare, Concedes, Exxon

Source: http://www.nytimes.com/2016/10/29/business/energy-environment/exxon-concedes-it-may-need-to-declare-lower-value-for-oil-in-ground.html?partner=rss&emc=rss