ExxonMobil to cut low-carbon project spend by a third over next five years

Stuart Stone
clock • 4 min read
Credit: iStock
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Credit: iStock

Oil and gas giant cuts 2025 to 2030 low-carbon project spend from $30bn to $20bn, as firm doubles down on fossil fuel business

ExxonMobil has revealed it plans to slash spending on low-carbon projects over the next five years by a third from $30bn to $20bn. According to an update from the US oil and gas giant this week, approximately...

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