05.03.2015 - Exxon Mobil will reduce capital expenditures by 12%
The company Exxon Mobil, which has long been a leader in the world by market capitalization recently announced reduction in capital expenditure in 2015 by 12% compared with the previous year. It should be noted that the reason for this step was the strong decline in oil prices last year. About $ 34 billion this year will be focused on the development of the company. In the next three years, the company still plans to run 16 major projects and increase oil production. We expect the company's shares to 18-21% by the end of this year.