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Exxon to boost oil production despite global slowdown

  • ExxonMobil is increasing oil production despite a global slowdown, aiming to boost its future position.
  • The company believes this strategy will help it respond to rising demand in the market.
  • Analysts suggest that this move could lead to growth in Exxon's market share.
  • Global oil demand continues to recover, prompting Exxon to enhance its production capacity.
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Suncor to increase oil and gas output by up to five per cent in 2025

Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands assets.

·Canada
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Bloomberg broke the news in United States on Wednesday, December 11, 2024.
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