(Bloomberg) — Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm.The problem is, neither strategy is working right now.Exxon is using the downturn in oil, gas and chemical prices as an opportunity to unleash its giant balance sheet to fund a slew of mega-projects around the world. Chevron is sticking with austerity — to such an extent that Chief Executive Officer Mike Wirth admitted he sounds like “a broken record” repeating a mantra of financial discipline.The …read more
Source:: Yahoo Finance
