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3 New Articles
  • March 21, 2023 New Mexico opts for veto power on spent nuclear fuel storage like Holtec
  • March 21, 2023 Arreola back in the Lovington dugout
  • March 21, 2023 Hobbs animal adoption center in need of help
Home Tag Archives: ExxonMobil

Tag Archives: ExxonMobil

Exxon restructures divisions and packs up for Houston

By Hobbs News-Sun
February 1, 2022
in :  Business
516

Exxon restructures divisions and packs up for Houston NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston. The oil giant said Monday it will combine its chemical and refining operations, while centralizing its technology and engineering and other other support …

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ExxonMobil reduces capital spending, drilling in Permian

By Hobbs News-Sun
April 7, 2020
in :  Business
5,218

IRVING, Texas – ExxonMobil said today said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion. …

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