Exxon Mobil Corp is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans once they are final, company spokesman Jeremy Eikenberry said on Sunday. “Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term,” Eikenberry said. “We are notifying contractors and vendors of our intended reductions, and they may be adjusting their staffing and budgets accordingly.” …read more
Source:: Yahoo Finance
