Oil Majors Hit Hard As Refining Boom Comes To An End
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.
Goldman Sachs says current oil prices are here to stayCNBC
The Real Reason Behind The Fall In Crude Oil PriceExchange Rates UK