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Tag Archives: Coronavirus spending cuts

Exxon notifies contractors, vendors of spending cuts over coronavirus

ExxonMobil illuminated signage

REUTERS, March 23, 2020 HOUSTON (Reuters) – Exxon Mobil Corp (XOM.N) is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans once they are final, company spokesman Jeremy Eikenberry said on Sunday. “Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital …

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