Oil Majors Hit Hard As Refining Boom Comes To An End – OilPrice.com


CNBC
Oil Majors Hit Hard As Refining Boom Comes To An End
OilPrice.com
The upstream business – the business of exploring for reserves and production – had taken a huge hit due to the massive drop in crude oil prices. Consider ExxonMobil, the only company among the five oil majors, which has a profitable upstream business.
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