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Exxon CEO Plans Layoffs, Underscores Faith in Fossil Fuels

Thu Oct 22 , 2020
(Bloomberg) — Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff.Woods also mounted an extensive defense of fossil fuels, calling them a “higher purpose” that […]