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Exxon to merge some business units in 2023 to cut costs
short by Ambarish Awale / on Friday, 10 February, 2023
ExxonMobil Corp said on Thursday it will merge some of its businesses to cut annual costs this year by about $9 billion. The changes will see all of Exxon's trading activities, from oil to power and freights, being combined into a global trading desk. The latest changes "are not about headcount reductions", the company added.
read more at Reuters