ExxonMobil maintains capex commitment

摘要

Washington—Cost-cutting and improved results from its downstream segment in the third quarter cushioned the blow from low oil prices and will enable ExxonMobil to avoid further cuts to its capital expenditures budget this year, the company said Friday. Vice President Jeff Woodbury said the company, which had set its 2015 capital expenditures budget at $34 billion, has been able to reduce its capital and operating costs by $8 billion so far this year.