Exxon Cuts Spending by 30% Amid Demand Crash

Exxon Cuts Spending by 30% Amid Demand Crash

ExxonMobil said Tuesday it will slash capital spending this year by 30% — the largest cut any oil major has made in response to the coronavirus-driven crash in demand. More than 50 oil and gas companies so far have announced plans to reduce spending by more than $37 billion, with majors’ BP, Chevron, Royal Dutch […]