Exxon Mobil to cut 14,000 jobs globally due to low oil demand

Exxon Mobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have been slashing costs due to a collapse in oil demand and ill-timed bets on new projects.… Read More Exxon Mobil to cut 14,000 jobs globally due to low oil demand

Exxon Mobil, U.S. Justice Department reaches settlement over 2013 Texas refinery fire

The U.S. Justice Department and Exxon Mobil Corp have reached a settlement resolving Clean Air Act violations stemming from a 2013 fire at the company’s Beaumont, Texas, refinery that killed two employees and injured 10 others, the department said on Wednesday. Under the consent decree, the company must pay a $616,000 civil penalty, hire a… Read More Exxon Mobil, U.S. Justice Department reaches settlement over 2013 Texas refinery fire