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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