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ExxonMobil profit falls 58% and cuts capital expenditures by another 25%

ExxonMobil profit falls 58% and cuts capital expenditures by another 25%

The world's largest publicly traded oil company reported a small profit and reduced capital expenditures to $23.2 billion, a 25% drop from 2014. Higher profits in downstream and chemicals operations were offset by sharply lower commodity prices.

The company produced 4.1 million bbl/day in 2015, up 3.2% from 2014 thanks to strong gains in Canada.

Imperial Oil boosts production and eeks out a small profit

Imperial Oil boosts production and eeks out a small profit

Alberta's modernized royalty rates

Alberta's modernized royalty rates

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