Baku 23° C
“ExxonMobil” cuts expenditures by 30%
Energy
- 07 April, 2020
- 13:28
Add Report.az to preferred Google sources
Stay up to date with the top news!
US ExxonMobil reduced capital expenditures for 2020 to $23 billion.
Report informs referring to Reuters that it could cut the expenditures more if needed.
It had previously expected to spend up to $33 billion.
‘The expenditures for next years were planned at $30-35 billion. However, the expenditures can be reduced in 2021, too,’ said Darren Woods, chairman, and chief executive officer of Exxon Mobil Corporation.
The expenditures for 2019 were $26 billion.
Author
Latest News
18:00
AI rapidly improving, could vastly boost US GDP, Anthropic's Clark tells policymakers
Other countries
17:55
'Choice now rests with US,' Iran's Araghchi says on peace negotiations
Other countries
17:33
Egypt's Sisi says his presidency will end in 2030
Other countries
17:14
Ramin Mammadov mulls Azerbaijan's experience in tolerance sphere while in US
Foreign policy
16:50
Hacker gets data on millions of California students
Other countries
16:29
Photo
Gunel Badalova elected Vice President of International Ski Mountaineering Federation
Individual sports
16:12
Yemeni government forces say they repel lengthy Houthi attacks in Taiz
Other countries
15:50
Video
Military pilots from Azerbaijan, UAE successfully complete their objectives as part of joint exercises
Military
15:25
Photo
AzerGold participates in 6th Rebuild Garabagh exhibition
Industry