[Peakoil] Exxon Mobil Loses Top Credit Rating It Held Since Depression
Antony Broughton Barry
antonybbarry at me.com
Sat Apr 30 04:11:27 EST 2016
"Exxon also is facing challenges in finding enough new discoveries to replace the crude it’s pumping from the ground, S&P said on Tuesday. The company only found enough new oil last year to replace 67 percent of its production. "In our view, the company’s greatest business challenge is replacing its ongoing production," S&P said."
http://www.bloomberg.com/news/articles/2016-04-26/exxon-mobil-loses-top-credit-rating-it-held-since-depression
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