ExxonMobil stalls Rovuma LNG sanction amid $10 billion capex cut

Final investment decision delayed on Mozambique project as cutbacks to also hit Permian basin spend and Stabroek third phase off Guyana

Cutbacks: ExxonMobil chief executive Darren Woods
Cutbacks: ExxonMobil chief executive Darren WoodsPhoto: ANDREW MANGUM/UPSTREAM
Published 7 April 2020, 12:41Updated 7 April 2020, 13:20