Falling Crude Prices Test Big Oil’s New Financial Discipline – The Wall Street Journal

Big oil companies’ stance that they are better able to handle declines in oil prices than they were years ago will be tested as prices hover around $50 in the U.S.

Oil giants like Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell PLC have slashed costs and cut spending in recent years in an effort to convince investors they can be resilient—and profitable—even when oil prices are volatile.


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