Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Tuesday it would stick to its spending plans even as its rivals trim costs. Exxon faces oil prices that have fallen over 20% this year, the lowest natural gas prices in decades, a long-term industry outlook too is clouded by a push toward cleaner fuel and pressure from investors for higher returns. The company’s growth strategy “will lead to sustained improvement in shareholder value,” Exxon’s Chief Executive Officer Darren Woods said in New York, where the company held …read more
Source:: Yahoo Finance
