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ExxonMobil will become the largest natural gas producer in the United States

Release date:2020-5-29 10:45:11 Author:admin

ExxonMobil, the largest oil company in the United States, will become the largest natural gas producer and the fourth largest crude oil and condensate producer in the United States after spending $41 billion to acquire XTO energy, the largest natural gas producer in the United States Company.

According to a recent annual report submitted by the U.S. Securities and Exchange Commission, ExxonMobil will produce 6.1% of the country's total natural gas production and own 9.6% of the country's total natural gas reserves, the EIA said.

The EIA said the world's largest listed company will produce 5.3% of the total U.S. oil production and own 7% of the total U.S. oil reserves.

Exxon Mobil said on December 14 that it would use $41 billion to acquire XTO energy, based in Fort Worth, Texas, which has huge unconventional gas reserves.

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