Pump the Permian: Exxon's quick-fire attempt to stop the drop
Exxon's first-quarter production was the worst since 1999, spurring a 3.8 percent share price plunge Friday. ExxonMobil risks losing its position as the world's most valuable oil company and the firm is looking to shale for its rescue.
by Kevin Crowley, Bloomberg
Texas dirt is emerging as Exxon Mobil Corp.'s best bet to arrest production declines that are threatening its position as the world's most valuable listed oil company.
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