US giants rack up more cuts but retain payouts

Both companies positioning projects, strategy for rebound in energy demand

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

Kathrine Schmidt

Houston

ExxonMobil Chevron Shell Guyana Mozambique

Published 7 May 2020, 09:38Updated 8 May 2020, 07:49