Menos US$ 10 bilhões - ExxonMobil reduz 30% do seu investimento previsto para 2020

Less Than $10 Billion – ExxonMobil Cuts 30% Of Its Planned Investment for 2020

Written by Roberta Souza

Published on 08/04/2020 at 12:42

Foto: reprodução

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The American oil company ExxonMobil announced, like other companies, that it will make cuts for the year 2020. The current situation, with the drop in the price of a barrel of oil associated with lower demand due to the Covid-19 pandemic, has led the company to reduce its total investment for the year by 30%, from US$ 33 billion previously expected to US$ 23 billion.

The company also announced that it will reduce its cash operating expenses by 15%, which will be driven by deliberate actions to increase efficiency, cut costs, and include the expected lower energy costs.

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Less Than $10 Billion – ExxonMobil Cuts 30% Of Its Planned Investment for 2020

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