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Exxon may face historic reserves reduction

Bloomberg Exxon Mobil Corp. warned it may be facing the biggest reserves revision in its history as production sank to a seven-year low and profit slid amid a prolonged slump in energy markets. About 3.6 billion barrels of reserves in the Canadian oil sands and the equivalent of another 1 billion barrels of oil in other North American fields may ...

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‘Nissan informed UK that car plant would be closed’

  Bloomberg Nissan Motor Co.’s decision to keep investing in Britain came after the carmaker told the government it might shut down manufacturing in the country after Brexit, according to a person familiar with the private discussions. The Japanese automaker announced it would start making the X-Trail sport utility vehicle and the next-generation Qashqai at the Sunderland plant. But only ...

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PetroChina profit dips as oil & gas earnings slide

  Bloomberg PetroChina Co. posted a 77 percent decline in third-quarter profit as a suppressed international oil market and lower domestic natural gas prices eroded earnings at the country’s biggest producer. Net income fell to 1.2 billion yuan ($177 million) in the July-September period, the Beijing-based company said in a statement to the Hong Kong stock exchange on Friday. Higher ...

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