UPDATE 3-Exxon boosts capital budget but takes $2 bln charge from XTO deal
HOUSTON, Jan 31 (Reuters) - Exxon Mobil Corp boosted its 2017 capital budget on Tuesday by about 14 percent on a bet that crude prices have stabilized, but posted its lowest quarterly profit since 1999 as it took a $2 billion charge from the purchase of natural gas producer XTO Energy. [Source]
Publication Date:Origin: reuters.com
Category: rbssEnergyNews
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Source: http://feeds.reuters.com/~r/reuters/USenergyNews/~3/73duuJ7XIkQ/exxon-mobil-results-idUSL1N1FL0M7