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Exxon's Mega Oil Finds In Guyana Are Just The Beginning

Authored by Matthew Smith via Oilprice.com, Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. There are growing fears that Exxon, because of its tremendous debt burden, is a zombie company. These are generally…