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Exxon borrowing $7 billion through bond deal, as oil prices stay low
2015-03-04 05:23:06| Oil & Gas - Topix.net
With oil prices down by half since last summer, Exxon Mobil is borrowing billions of dollars to help navigate what is expected to be a long downturn for the industry. The Irving-based company is in the process of soliciting buyers for a $7 billion bond issue, its largest ever, according to a source close to the deal who asked not to be identified and multiple news reports.
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Category:Energy and Environment
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