By Dave Sebastian

 

--Exxon Mobil Corp. is preparing to cut spending and jobs to save its 8% dividend, Reuters reports, citing anonymous sources.

--Size of cuts is unclear, according to the Reuters report. The oil company in April slashed its annual budget by 30%.

Full story: https://www.reuters.com/article/us-exxon-mobil-cuts-exclusive/exclusive-exxon-prepares-spending-job-cuts-in-last-ditch-move-to-save-dividend-idUSKCN24V2RP?il=0

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

July 30, 2020 13:48 ET (17:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Exxon Mobil Charts.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Exxon Mobil Charts.