Exxon Mobil Corp prepares to cut spending and jobs in a bid to preserve an 8 per cent dividend for shareholders- reports Reuters.
- The Company plans for a considerable lay-off and cost reduction after witnessing a multi-billion-dollar quarterly loss.
- Exxon in April 2020 trimmed 2020 budget by 30 per.
- However, some independent analysts believe that the Company would not be able to generate enough cash from production operations this year to cover the dividend.
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.
Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.