HOUSTON (Reuters) - US oil giants Chevron Corp and Exxon Mobil Inc cut spending aggressively in the third quarter in a race to beat weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
Exxon posted its third straight quarter of losses and reduced spending plans for the coming year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!