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Exxon CEO Says Argentine Shale Project May Top $10 Billion

  • Last year, the company that traces its roots to the 1880s and John D. Rockefeller’s Standard Oil Trust failed to replace all the crude and gas it pumped with new discoveries for the first time in 22 years.
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  • Exxon CEO Says Argentine Shale Project May Top $10 Billion
  • If the pilot project is successful, the company will start full development during a period of 20 to 30 years that could involve additional investment “that would be well in excess of $10 billion,” he said.

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@tina_davis: “Exxon CEO “very encouraged” by Macri government, may invest $10bln in Argentine shale”


Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday.


Exxon CEO Says Argentine Shale Project May Top $10 Billion