Exxon and Chevron keep boosting production despite weak oil price outlook

23 hours ago 1
the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Exxon Mobil (XOM) and Chevron (CVX), the two biggest U.S. oil giants, increased their production during Q3 despite forecasts for a global supply glut and weakening oil prices.

The output hikes threaten to further exacerbate the weakening oil price environment

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