Last but not least: Exxon chops spending by 30%

By MG News | April 07, 2020 at 04:21 PM GMT+05:00

0:00

April 7, 2020: Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree, reducing its expansion budget by $10 billion this year as the coronavirus pandemic saps energy demand amid a dramatic slide in oil prices.

The company, which last month pledged "significant" cuts to spending, said it would reduce 2020 capital expenditure to $23 billion. It had previously expected to spend up to $33 billion.

Reuters

Related News

UK autos exempted under U.S. tariff cut but steel still in question

Govt dismisses talk of $100m Roosevelt Hotel floor price

China’s industrial profits sink more than 9% in May

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,075.00	109,565.00 107,195.00	590.00 0.55%
BRENT CRUDE	66.55	67.20 65.92	-0.25 -0.37%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.90	65.82 64.50	-0.62 -0.95%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%