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The U.S. oil major is shifting capital from high-cost fields to higher-growth areas closer to home. That’s sensible, and a $4.5 bln price tag for its Norwegian operations is a good exit. It’s some consolation for investors antsy about Exxon’s laid-back approach to climate change.
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https://www.breakingviews.com/considered-view/exxon-mobil-quits-north-sea-with-bags-full-of-gold/
2019-09-27 09:50:21Z
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