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