Exxon Mobil profit beats expectations on big cost cuts
Exxon Mobil capital budget in Q1 dropped over 33 per cent from 2015 By Ernest Scheyder HOUSTON, April 29 (Reuters) – Exxon Mobil Corp, the world’s largest publicly traded oil producer, reported a higher-than-expected first-quarter profit on Friday as it slashed costs to offset plunging crude prices and weak refining margins. The results reflect the new reality […]
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