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ExxonMobil Plans 4% Spending Boost

US super major ExxonMobil will increase its capital spending by nearly 4% this year to $28 billion as it evaluates new fields around the world, but it cautioned that the global economy remained unsteady. ExxonMobil, the world’s largest publicly traded oil company, also said it had completed initial tests at Iraq’s West Qurna field, where […]

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