Exxon cuts investments. In fact, the US energy giant revealed in a document submitted to the SEC that its investments will decrease by 11% in 2015, thus reaching 34 billion dollars, mainly due to the sharp decline suffered by the price of oil.
Exxon Mobil is, in this case, in good company: in fact, the rival company Chevron had already recently announced a cut in capital expenditure of 13%, as well as many other companies in the sector. Exxon's investments, after reaching a peak of 42,5 billion in 2013, had already suffered a decline of 9% during 2014.
