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Exxon announces its capital expenditure for 2019 and 2020
March 7, 2019

Exxon announces its capital expenditure for 2019 and 2020

Oil super major ExxonMobil has announced that the company's capital expenditure of 2019 and 2020 will be between $63 billion and $65 billion. The company is under constant pressure from investors to control the expenses as the cash flow is being strained due to large-scale projects and some deals. Exxon expects the earnings to increase by more than $4 billion in 2019 and 2020.

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