Exxon Documents Reveal More Pessimistic Outlook for Oil Prices

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Exxon Mobil Corp. has lowered its outlook on oil prices for much of the next decade, according to internal company documents reviewed by The Wall Street Journal.

As part of an internal financial-planning process conducted this fall, Exxon cut its expectations for future oil prices for each of the next seven years by 11% to 17%, according to the documents.

The…



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