Skip to main content

ExxonMobil reduces CAPEX by 30%

Published by , Editor
World Pipelines,


ExxonMobil has said it is reducing its 2020 capital spending by 30% and lowering cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.

Read the article online at: https://www.worldpipelines.com/business-news/09042020/exxonmobil-reduces-capex-by-30/

You might also like

 

Seamless gas segregation

Razal Kabeer, Project Engineer, STATS Group, Abu Dhabi, UAE, discusses how precision pipeline intervention has enabled seamless gas segregation in a project in Oman.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US pipeline news