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Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet

Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet


As its peers write down U.S. shale assets by billions of dollars amid lower oil and gas prices, Exxon Mobil Corp. stands increasingly alone in not adjusting the value of its holdings.

Rivals, including BP PLC, Hess Corp. and Occidental Petroleum Corp., have recently taken multibillion-dollar impairments as a coronavirus-induced economic slowdown adds pressure to an already struggling shale sector. Chevron Corp. took a $10 billion write-down in December, and Royal Dutch Shell PLC said Tuesday that it would write down the value…



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