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Exxon Mobil to cut 1,900 US jobs as Covid-19 hits oil prices
A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. u00e2u20acu201d Reuters pic

NEW YORK, Oct 29 — Exxon Mobil said today it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part by the hit the Covid-19 pandemic inflicted on oil prices.

The US oil giant said the job cuts would primarily impact management staff in Houston, through a mix off of voluntary programmes and involuntary layoffs.

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US oil prices currently traded below US$40 (RM166) a barrel, more than US$15 a barrel under the level a year ago. — AFP

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