Just...hang...in...there...
'Exxon also is facing challenges in finding enough new discoveries to replace the crude it's pumping from the ground, S&P said on Tuesday. The company only found enough new oil last year to replace 67 per cent of its production.
"In our view, the company's greatest business challenge is replacing its ongoing production," S&P said.'
http://www.theage.com.au/business/e...aded-by-sp-20160426-gofp6t.html#ixzz46xv0jp16
A new optimism, page-45
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