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.