Friday, June 20, 2025
ExxonMobil -oilandgas360

ExxonMobil To Make Significant Spending Cuts, Reversing Statement of Two Weeks Ago

Exxon Mobil on Monday said it will make “significant” cuts to spending in the face of the unprecedented slide in oil prices due to the global coronavirus outbreak, which sent its shares to a 17-year low. It was a stunning reversal for the largest U.S. oil producer, which two weeks ago pledged to “lean in” to the market drop and