About the company
Exxon to cut US production of oil in response to oil price plunge

Exxon to cut US production of oil in response to oil price plunge

Petrochemical giants including Exxon Mobil Corp. and Petronas Plc are planning to reduce production in the US in response a steep drop in the price of oil.

The move follows Exxon Mobil’s announcement earlier this month that it will cut its US production by 30 percent to 3 million barrels a day.

In a letter to the company’s shareholders this week, Petrona’s CEO Philip Tetrao said the US will be hit hardest by the sharp drop in crude oil prices.

“The global economy is moving in a direction that is unlikely to continue,” he wrote in the letter.

“As we work to avoid this situation in the future, we must make every effort to continue to support and invest in our global operations.”

A spokeswoman for Petronos parent, Petropav, did not respond to requests for comment.

Tetraos letter comes as other companies have also warned that they will cut production in response.

Exxon Mobil has also said it will halt its operations in the United States for the rest of the year.

“We are not planning to resume operations,” the oil giant said in a statement on Monday.

“While we have been experiencing a sustained drop in oil prices, we remain optimistic that we will see some recovery in coming months.” 

Petronos CEO Philip T. Tetras letter follows a similar letter from Exxon Mobil CEO Rex Tillerson.

In that letter, Tillerson said the company was facing a tough economic environment and a potential recession in the next several years. 

Tets letter to shareholders came as other energy companies have announced that they are also planning to cut production. 

In the letter, Tetraoi said that Exxon Mobil was planning to slash its US operations by 30 to 40 percent to 2 million barrels per day.

“Petrochemical companies will continue to be a significant part of our business and our future success,” Tetraoes letter said. 

The move by Exxon is a reaction to the plunging price of crude oil, which has plunged to more than $100 a barrel in recent weeks, and a decline in production at other petro-chemical companies in recent months. 

According to data from data company Baker Hughes, US petro companies saw their crude oil production drop 2.6 percent in March to 6.5 million barrels. 

Petrochemical companies are increasingly being squeezed by lower prices, as they struggle to keep up with surging demand for their products and as the market recovers from the aftermath of the Great Recession. 

Last month, Exxon Mobil announced it will slash its production by 25 percent to 4 million barrels to avoid a collapse of oil demand in the years ahead. 

It also said that it would cut production at Petropastas, Petroleos de Venezuela SA, Petrometro SA and Petromas SA in response and other petrol companies around the world are planning similar cuts. 

“Petro chemical companies have a significant role to play in our economies.

They play a vital role in providing fuel to the transportation sector, manufacturing our products, and in our production capacity.

They also play a crucial role in our energy mix, providing more than 50 percent of our oil supply,” Tetras statement said.

“Our investment in our petro chemical operations will help our business to compete effectively in the long term and provide additional jobs in the coming years.” 

As prices of oil continue to decline, the industry is facing a slump in demand for petro chemicals.

후원자

카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.카지노사이트 추천 | 바카라사이트 순위 【우리카지노】 - 보너스룸 카지노.년국내 최고 카지노사이트,공식인증업체,먹튀검증,우리카지노,카지노사이트,바카라사이트,메리트카지노,더킹카지노,샌즈카지노,코인카지노,퍼스트카지노 등 007카지노 - 보너스룸 카지노.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.