Chevron and Exxon cut costs amid losses due to Covid-19
Exxon posted its third straight quarter of losses and both the oil giants are looking at laying off staff as global demand remains weak
30 October 2020 - 16:40
Houston/Bengaluru — US oil giants Chevron and ExxonMobil cut spending aggressively in the third quarter in a race to beat weak trends in fuel demand caused by the Covid-19 pandemic, though the former managed a slim profit.
Exxon posted its third straight quarter of losses and reduced spending plans for the coming year...
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