You are here

Oil and gas firms cut costs further as recovery falters

Net income for Exxon is expected to double in the quarter ending June 30 from a year earlier.


AFTER a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

Corporate hopes were raised by a deal between members of the Organization of the...

Market voices on: