(Reuters) - U.S. oil major Exxon (NYSE:XOM) has lowered its expectations for oil prices for much of the next decade, the Wall Street Journal reported on Wednesday, citing internal company documents.
As part of an internal financial-planning process conducted this fall, the company has cut its outlook for future oil prices for each of the next seven years by 11% to 17%, the report said. https://www.wsj.com/articles/exxon-documents-reveal-more-pessimistic-outlook-for-oil-prices-11606307763?page=1
