Will Exxon’s New $20 Billion Strategy Pay Off?

By Gregory Brew ExxonMobil, the U.S. energy giant, has taken some hard knocks in the last year: a staggering stock price, a massive de-booking, a lost AAA credit rating. But early in 2017, with new leadership and a new emphasis on domestic U.S. projects, Exxon’s fortunes may be improving, in no small measure thanks to its allies in the Federal Government and its growing investment in U.S. shale. ExxonMobil CEO Darren Woods announced on Monday at the CERAWeek conference in Houston TX that the company will be making further investments in U.S. shale oil and…

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