ExxonMobil slashes capex as it runs up $680 million loss

US giant looking for additional cost cuts next year as capex pared back for next year

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

Eoin O'Cinneide

London

ExxonMobil Mozambique Darren Woods US Americas

Published 30 October 2020, 11:33Updated 2 November 2020, 18:43