Exxon downsizes global empire as Wall Street worries about dividend

HOUSTON: Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects.Wall Street investors are even starting to worry about […]

Exclusive: Exxon downsizes global empire as Wall Street worries about dividend

JOB REVIEWS, BENEFIT CUTS This year’s sharp drop in oil demand and pricing has shredded Woods’ plan to spend at least $30 billion a year through 2025 to revive production and earnings by expanding in oil processing, chemicals and production, and by taking a commanding role in U.S. shale and liquefied natural gas, markets that […]

Force feeding

Working undercover in a chicken factory in the West Country, she witnessed an apparently legal process in which use-by labels were switched to extend the poultry’s shelf-life. In Uganda, she met a coffee grower who could not afford medicine for his father or school fees for his sons: a cup of coffee in a London […]