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Find all the economic and financial information on our Orishas Direct application to download on Play StoreExxon Mobil investors prefer to acquire existing oil and gas production, rather than invest in drilling that could take years to pay off.
Over the past four years, investors in the energy sector have abandoned shares in oil companies that were increasing capital spending. They are looking for higher returns on spending on expensive, long-term new projects. Alexandre Ramos-Peon, head of shale research at Rystad, said that acquisitions are easily accepted if they can generate high cash flow for
the buyer according to analysts.
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