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Exxon Mobil Corporation (NYSE:XOM) shares are trading lower on Thursday. The company proposed a $10 billion investment in Nigeria’s deep-water oil operations. Exxon plans to focus on developing its Owo project, which involves a substantial subsea tie-back that could amount to a $10 billion investment. Moreover, ExxonMobil intends to invest $1 billion annually in maintenance operations and an additional $1.5 billion to increase production by 50,000 barrels per day over the next few years, despite plans to divest ...


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