US giants start taking an axe to budgets

Industry players begin deep cuts in planned spending, especially in shale

Wielding the axe: ExxonMobil chief executive Darren Woods says US giant is weighing up cuts to budget — Wielding the axe: ExxonMobil chief executive Darren Woods says US giant is weighing up cuts to budgetPhoto: ANDREW MANGUM/UPSTREAM

Kathrine Schmidt

Houston

ExxonMobil Chevron Guyana Permian USA

Published 19 March 2020, 10:38Updated 19 March 2020, 10:38