— Liam Denning (@liamdenning) April 2, 2020 Exxon Likely to Double Down on the Permian. 10 Reuters.com. ExxonMobil reduces 2020 capex by 30%, cash opex by 15%; maintains long-term outlook IRVING, Texas – ExxonMobil said today said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. The company also hoped to cut emissions by 15 percent and reduce flaring by 25 percent by the end of 2020. Since 2010, Exxon invested $10 billion to develop lower-emission solutions, read the release, partnering with 80 universities across the country. November 21, 2019. 11 WSJ.com. In journalist Bethany McLean’s book on the shale industry, Saudi America, she quotes Jeff Currie, head of commodities research at Goldman Sachs, as explaining why the Wall Street behemoth initially didn’t think shale was a good investment. Published: Wednesday, April 8, 2020. ... April 6, 2020. Top U.S. oil producer Exxon Mobil told shareholders this week no layoffs are planned at the moment, even as the entire industry is suffering from low oil prices. On April 7, Woods said Exxon would cut 2020 capital spending to $23 billion—a drop of an additional $10 billion, or 30%—and shave operating expenses by 15%. Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News Exxon considers sale of oil assets in Equatorial Guinea. Exclusive: Exxon aims to sell $25 billion of assets to focus on mega-projects – sources. 12 HoustonChronicle.com. ExxonMobil’s approximately $10 billion reduction in capital spending translates into a revised 2020 capex investment plan totaling $23 billion, the firm revealed in a written statement. January 12, 2020. OIL AND GAS Exxon to cut spending $10B as industry layoffs grow. Exxon Mobil …

Back to table of contents. September 18, 2019. Workers enter the Boeing factory in Renton, Washington on April 21, 2020, as commercial airplane production resumes following a suspension of operations in response to the coronavirus pandemic.

EOG Resources Inc. is the latest Houston-based energy company to cut 2020 capital expenditures, and Irving, Texas-based Exxon Mobil Corp., which has a … Exxon Mobil puts offshore Australian assets up for sale along with other regions. Mike Lee, E&E News reporter.