BPAQF - Exxon Mobil: A Stalwart Stock
Last week, Exxon Mobil announced that it will reduce its capital investment in the current year by 30% resulting in a 15% decrease in cash operating expenses. In a press release earlier last week, the company’s Chairman & CEO, Darren Woods, stated:
“The long-term fundamentals that underpin the company’s business plans have not changed -- population and energy demand will grow, and the economy will rebound. Our capital allocation priorities also remain unchanged. Our objective is to continue investing in industry-advantaged projects to create value, preserve cash for the dividend and make appropriate and prudent