The news follows the major's announcement last week of planned workforce reductions in Europe, Canada and Singapore.
Exxon Mobil said in a regulatory filing on Monday that it expects its third-quarter earnings to include restructuring costs of $400 million-$600 million, although it also indicated that could be entirely offset by favorable changes in downstream margins.
Exxon Mobil on Friday reported third quarter earnings that fell year over year, as oil prices tumbled due in large part to OPEC+…
The US major will reconfigure its massive Baytown downstream complex to produce more diesel and lubricant base stocks in…
Exxon Mobil said it recorded its highest second-quarter production in more than 25 years.
Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs as it accelerates a…
Last year, crude oil logged the biggest annual price decline since 2020.
The US major pointed to slower-than-expected demand growth, unfavorable policy changes and rising costs as reasons for concern.
