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re: Exxon's profit tumbles 58 percent, says it will cut expenditures by one-quarter
Posted on 2/2/16 at 10:14 am to Hangover Haven
Posted on 2/2/16 at 10:14 am to Hangover Haven
quote:
But they're still making 42% profits...
Which they need to dump back into exploration and drilling. If they aren't drilling as much, then they have a lot of staff that become unnecessary and a drain.
I'm curious how this ties into some of their subsidiaries like XTO? I have some good friends that really depend on them for work.
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