Investors will be eager to hear when they will reap the rewards of their investments in the US majors on Friday, when Exxon Mobil and Chevron report first-quarter earnings. As all oil majors seek to carve out new paths in the wake of the oil price downturn, the two US companies share some strategic priorities, such as North American shale and LNG, but differ in key respects, particularly their views on spending and production growth.
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