Exxon Raises Spending 11% Even as Rivals Reduce Costs – WSJ.com
Exxon Raises Spending 11% Even as Rivals Reduce Costs – WSJ.com.
You have to be a WSJ subscriber to get the whole article, but believe it or not, I’m happy about something Exxon is doing.
At the very least, I think it’s somewhat safe to say that Exxon is recognizing that there is a lot of catching-up to do with small, agile companies in terms of green energy (I think that’s way too broad of a term, by the way) and technologies and is going to utilize all of those record-setting profits of the last few years (you know, when gases were at an all-time high?) to do some research.
$29 billion has to get a company somewhere…