ExxonMobil reduces 2020 capex and cash opex

Gas World | Apr 7, 2020 at 3:30 PM
  • Capital investments for 2020 are now expected to be about $23bn, down from the previously announced $33bn.
  • The 15% decrease in cash operating expenses is driven by deliberate actions to increase efficiencies and reduce costs, and includes expected lower energy costs.
  • As market conditions evolve, the company will continue evaluating the impacts of decreased demand on its 2020 production levels as well as longer-term production impacts.