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ExxonMobil's $4.6B Drilling Value Creation Topped Rivals' Efforts In 2018

From forbes.com

ExxonMobil (NYSE:XOM) led the way among oil and gas explorers in 2018, if new industry research is anything to go by. In its latest annual exploration review, Rystad Energy said the US supermajor was exceptional - both in terms of discovered volumes as well as value creation from exploration. To measure industry performance for its review, the Oslo, Norway-headquartered research outfit looked at the number of exploration wells, net discovered resources and the value creation from wildcat exploration (wells drilled in new prospects) and found the U.S. supermajor leading its rivals. In 2018, ExxonMobil drilled 2.7 net ... (full story)

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  • Category: Fundamental Analysis