Worldwide, more new Coronavirus cases were reported than ever before: over 443,000 and that is before we are in flu season.

According to its latest 10-K form, the number of ExxonMobil’s regular employees was 74,900 in 2019, 71,000 in 2018 and 69,600 in 2017. Your email address will not be published.

“New COVID-19 Cases Reported Worldwide Reach New High.”, Jones, Benji. Exxon raised $23 billion in debt earlier this year, providing liquidity to fund its dividend for the next several quarters. A man cycles past a shuttered movie theater in Times Square following the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 17, 2020. It also cut 2020 capex by a staggering $10 billion—a 30% cut.

This website uses cookies. The company is maximizing production of products critical to the global response, including isopropyl alcohol, which is used to manufacture hand sanitizer, and polypropylene, which is used to make protective masks, gowns and wipes. Personally, I would expect a dividend cut on Friday and quite possibly a round of layoffs.

We want to be the one to help you find the next step in your the journey that is your career. Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which employs thousands of people in the Houston area, told employees this week that layoffs are coming. Developing the numerous world-class deepwater discoveries offshore Guyana remains an integral part of ExxonMobil’s long-term growth plans. 'sector' : 'Industry_Headlines', The number of layoffs … How Will Offshore GOM Oil Employment Shake Out? The 15 percent decrease in cash operating expenses is driven by deliberate actions to increase efficiencies and reduce costs, and includes expected lower energy costs. ExxonMobil’s EMEA headquarters are based in Brussels, Belgium, and the business also has locations in Cyprus, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Russia, Sweden, Turkey and the United Kingdom, according to its website. 'audience' : 'News', A man cycles past a shuttered movie theater in Times Square following the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 17, 2020. ExxonMobil readies to make major job cuts, Oil prices, stock markets slide as coronavirus cases rise, Samsung Group titan Lee Kun-hee dies aged 78, Astute professionals to discuss how to monetise creative arts work at MTN digital music conference, MTN threatens legal action against actress Salma Mumin over MoMo fraud allegation, Ghana for startups: pivoting from a tourist attraction to a tech-nation, We’ll bring back Atuabo free port project – Mahama, US Dollar Index remains under pressure near 92.70 ahead of PMIs, OPEC+ Production Cuts Could Be Extended: Putin, AfCFTA wants structured relationship with GNCCI to boost growth, Trade Ministers says Ghana is ready for AfCFTA, Caterpillar to acquire Weir Oil & Gas in $405 million cash deal, Mitchell Ingram appointed as Non-executive Director of Tullow Oil, Oil prices are collapsing after Saudi Arabia sends ominous signal, COVID-19: ILO to discuss how the world of work can build back better, Keep your receipts because I’ll audit COVID-19 Funds – Mahama, DStv explains how to fix remote not working, Be transparent with donated Funds – World Bank to Finance Minister, Heathrow says next week’s strikes postponed, Ghana’s July 2019 rate of inflation increased to 9.4%. Back in May, Chevron also outlined that it was planning a 10 percent to 15 percent reduction in its global workforce this year. “Europe remains an important market for ExxonMobil, as evidenced by recent major investments,” ExxonMobil said in a company statement posted on its website. Exxon Mobil, still reeling from massive oil bust, to lay … Jennifer Rowland, an Edward Jones analyst, said that ExxonMobil, “has been taking on additional debt for over a year and is likely running out of capacity to continue to do so without jeopardizing the strength of its balance sheet, which is a company crown jewel. “Exxon Prepares Spending, Job Cuts in Last Ditch Move to Save Dividend.”, Takahashi, Paul. The proposed changes are subject to local information and consultation processes as applicable in each country and result from insight gained through reorganizations and work-process changes made over the past several years to improve efficiency and reduce costs, ExxonMobil stated. Darren Woods, ExxonMobil’s Chief Executive Officer, said in a recent town hall “These are difficult times.” Many people would consider this an understatement. But Rowland warned in a July 31 note that Exxon is at risk of cutting its dividend on Friday if it feels the demand will remain at 20% below last year levels. Share Post ; Embed Post ; Tada. TechStaffer is the leading telecommunications recruiter in the area. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion. In addition to offloading some lower-performing employees, the oil giant is preparing to rid itself of its UK North Sea assets, for which it can no longer expect as much money thanks to the downturn. ExxonMobil is also supporting efforts to redesign and accelerate production of reusable face masks and shields to help alleviate the shortage for medical workers and first responders.

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