Last year, shale driller Apache Corp. (NYSE: APA) made waves after it sacked one of the most iconic CEOs in the shale patch, Steven Keenan. Keenan was reportedly shown the door after disappointing early results at Apache’s Suriname offshore field adjacent to Exxon Mobil Corp.’s (NYSE: XOM) historic discovery.
Oil is set to end July with a gain in New York ahead of OPEC+ plans to return supply to the market after the group’s historic output cuts, while the coronavirus pandemic continued to spread across many major economies.
After decades of dominance, America’s largest energy company Exxon Mobil Corp. (NYSE: XOM), has finally ceded its position as the world’s second most valuable energy company to India’s Reliance Industries (NSE: RELIANCE).
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