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Watson wants to focus on smaller projects, but backed $37bn Kazakhstan oilfield expansion
Plan is largest development to be authorised since crude price crash of mid-2014
CEO John Watson looks to future beyond slump
But unlike ExxonMobil, company expects rising production in the next few years
Pressure is building for deals but flow has been slower than expected
US oil group sets out plan to reduce capital expenditure by 24%
Chevron outlines plans to cut up to 7,000 jobs as well as reduce capital spending
John Watson critical of rivals’ backing for a global carbon pricing system
Fall in crude prices continues to hit North American oil production
Housebuilder proposes 56% increase in interim dividend
Investment cuts across the industry will ‘bring supply and demand into balance in 2016’
US company trims capital spending in response to low crude price
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