Exxon lops 30% off 2020 spending, deeper and later than rivals

April 7, 2020 admin Business News Comments Off on Exxon lops 30% off 2020 spending, deeper and later than rivals

Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble.

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Source:: Reuters – Business News

      

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