Big Oil’s Plan to Buy Into the Shale Boom
Exxon, Shell, and Chevron plan to spend $10 billion in the U.S. shale patch this year.
Big Oil is muscling in on shale country.
Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp., are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago.