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February 2, 2010
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| 07:15 EDT |  | RIG |
| theflyonthewall.com: | Exxon, acting like a wildcatter, embraces risky exploration, WSJ reports | | Exxon Mobil (XOM) is looking for oil in high-risk exploration area worldwide, and is being less selective than other big oil companies, reports the Wall Street Journal. Exxon is exploring in eight of the "hot," high-risk exploration regions around the world identified by Sanford C. Bernstein, and is looking for two more. But as of now the company has had little success and will soon need to make large discoveries to justify its increased spending. Reference Link :theflyonthewall.com |
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