Share

Oil, ExxonMobil cuts investments by 4,5 billion

The Texan giant, which is looking for new exploration lands to offset the decline of old wells, plans to invest $34 billion in this exercise.

Oil, ExxonMobil cuts investments by 4,5 billion

The American big company ExxonMobil has announced the reduction of 4,5 billion dollars in its investments for 2015, in order to deal with the drop in oil prices.

The Texan giant, which is looking for new exploration lands to offset the decline of old wells, expects to invest $34 billion this year, up from $38,5 billion in 2014 (-11,7% on an annual). This is what emerges from a document that will be presented to investors in New York.

comments