ExxonMobil slashes $10 billion off capex and posts loss amid impairments

US giant books $3 billion in writedowns but production rises in first quarter

Rough quarter: ExxonMobil chief executive Darren Woods — Rough quarter: ExxonMobil chief executive Darren WoodsPhoto: ANDREW MANGUM/UPSTREAM

Eoin O'Cinneide

London

Published 1 May 2020, 11:40Updated 1 May 2020, 13:14

ExxonMobil Americas North America