Low prices could shave 20 percent off value of Exxon's reserves

4.5 billion boe could lose their value, according to the US oil supermajor.
Photo: JIM YOUNG/REUTERS / X90065
Photo: JIM YOUNG/REUTERS / X90065
by ritzau finans

Low prices on oil and natural gas could force the largest oil firm in the US, Exxon Mobil, to impair its reserves by 20 percent in its coming fiscal year.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    On June 1, Senvion's former CFO Manav Sharma started as US country manager for Nordex. Soon he will have a new factory at his disposal. | Foto: Senvion

    Nordex restarts production in the US

    For subscribers

    Further reading