Exxon Mobil Corp is assessing possible job cuts across its worldwide operations, a spokesman said on Wednesday, after the company announced a voluntary job reduction programme in Australia.
Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.
The company has slashed capital spending this year by 30% to around $23 billion and said in August it planned both capital and operating expense cuts to defend its dividend after reporting losses in the first and second quarters.
“We have evaluations underway on a country-by-country basis to assess possible additional efficiencies to right-size our business and make it stronger for the future,” Casey Norton said in emailed comments to Reuters.
