U.S. oil majors Exxon Mobil Corp and Chevron Corp—along with France's TotalEnergies, are taking a long, hard look at upping their investments in India's oil and gas exploration and production sector, India's oil minister said in a Friday speech, carried by Reuters. ExxonMobil said back in December that its 2023 spending plans include $23 billion - $27 billion in capital investments to maintain its current production level of 3.
7 million boepd. Longer-term, ExxonMobil said it would spend between $20 billion and $25 billion on growing the U.S.…Big Oil Is Eyeing India For Big Investments
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