Exxonmobil Cuts Its 2020 Spending By 30%, With Oil Price Volatile Ahead Of Opec Meeting
April 08, 2020 at 06:41 AM EDT
On Tuesday, US oil giant ExxonMobil cut its planned spending for the year by 30%, dialing back its investment in shale, deep water and natural gas production. The announcement follows similar moves by rivals in recent weeks.
