CALGARY: Exxon Mobil Corp and Chevron Corp were among several US oil and natural gas producers that had their outlooks or ratings cut by Standard & Poor’s as the industry suffers from weak crude prices, hurting their cash flow and liquidity.
It cut ratings for Chesapeake Energy Corp, Denbury Resources and Whiting Petroleum Corp, while giving Exxon and Chevron “negative” outlooks, the ratings agency said Friday in a statement.
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