ExxonMobil this morning announced plans to cut 2020 capital spending by 30%. The largest portion of the $10 billion in cuts will be in the Permian Basin, the largest U.S. oil field in Texas and New Mexico, The Wall Street Journal reports. ExxonMobil says it will evaluate how the cuts will affect production. “We haven’t
ExxonMobil to cut 2020 capital spending by 30%
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