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Exxon boosts capital budget but takes $2 billion charge from XTO deal

HOUSTON (Reuters) - Exxon Mobil Corp boosted its 2017 capital budget on Tuesday on a bet that oil prices have stabilized, but posted its lowest quarterly profit since 1999 as it took a $2 billion charge against the value of natural gas reserves from its buyout of XTO Energy.

Exxon boosts capital budget but takes $2 billion charge from XTO deal
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