Exxon’s Mad Dash To Save Its Dividend

Exxon is planning to cut jobs and spending, in a hail mary to preserve its dividend, according to anonymous Reuters sources. Exxon spokesman Casey Norton, however, has denied that the oil company has plans to cut jobs or furlough employees through its annual employee reviews, although Norton did say that Exxon was “continually monitoring market conditions and our deep portfolio has flexibility to adjust our plans.” Exxon this week is expected to join many other players in the oil industry in reporting a loss for the quarter. Refinitiv…