ExxonMobil to cut costs by additional $3bn by the end of 2023

Company plans focus on Guyana, Permian basin, Brazil and LNG operations but will not invest in Russia moving forward

Cutting costs: ExxonMobil chief executive Darren Woods — Cutting costs: ExxonMobil chief executive Darren WoodsPhoto: PHIL MCCARTEN/CORPORATEEVENTIMAGES/UPSTREAM

Mark Passwaters

Houston

ExxonMobil Darren Woods Russia Ukraine Guyana

Published 2 March 2022, 21:37Updated 9 March 2022, 10:51