Exxon reducing capital costs

EXXON Mobil says it will make big cuts to spending in the face of the unprecedented slide in oil prices due to the coronavirus pandemic, which sent its shares to a 17-year low.

Exxon reducing capital costs Exxon reducing capital costs Exxon reducing capital costs Exxon reducing capital costs Exxon reducing capital costs

Darren Woods

Reuters reports that it was a stunning reversal for the largest US oil producer, which two weeks ago pledged to "lean in" to the market drop and maintain outlays in a belief oil demand would rise in

topics

loader