05.07.2016 - Exxon Mobil to increase investment

Chevron, Exxon Mobil and their partners agreed to invest 36.8 billion dollars in oil production in Kazakhstan, which became the largest investment after the oil began to decline in 2014. According to our estimates, the project will allow companies to increase revenues, despite the current low oil prices. In this regard, we expect the growth of the company's shares till the end of the year by 12-15%, but we can see a decrease in price in the nearest future.

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