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Exxon unable to fulfil Reserve Replacement

Monday, February 22, 2016

Exxon, the world’s largest non-state owned oil company, has for the first time in 22 years failed to replace its production.

According to Bloomberg Exxon’s reserve/replacement ratio was 67% in 2015. This failure to replace production is directly linked to the collapse in oil prices.

Source: Bloomberg Business

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