Exxon to Take Record Writedown, Slash Spending
The "high-grading" of Exxon's asset base will enable it to "manage future commodity price cycles while working to maintain a reliable dividend."
Equipment Finance Borrowings Dip 7% in April
Lenders are suffering from "the effects of the coronavirus pandemic, with volume levels and portfolio quality metrics both falling in tandem."
Exxon Posts $610M Loss Amid Oil Price Dive
“COVID-19 has significantly impacted near-term demand, resulting in oversupplied markets and unprecedented pressure on commodity prices and margins."
Exxon Cuts Spending by 30% Amid Demand Crash
Exxon's cut in 2020 capital spending is the largest any oil major has made in response to the coronavirus-driven slowdown.
Chevron Slashes 2020 Capital Spending by 20%
The company cited the demand-sapping coronavirus pandemic and a supply increase due to the oil-price war between Saudi Arabia and Russia.
Could This Be the Recession That Wasn’t?
Even as key corporate financial indicators continue to fall, some hope may be emerging that forecasts of an impending recession will prove inaccurate.
How to Deal With the 5 Stages of Business Distress
No matter how grim things become, it's important to face each level of distress as soon as it arises and with full transparency.
Tax Cuts Trigger CFO Optimism
U.S. finance chiefs see earnings growth in 2018, but they also expect higher wage and benefits costs.
UPS’ Network Upgrade Costs Worry Investors
The company's Q4 earnings beat estimates but the expense of improving its delivery network may continue to weigh on margins.
Will Tax Cuts Boost Capital Spending?
Despite surging sales and cash flow, company spending on capex continues to lag.
Capital Gets a Reset
Among a number of capital-raising experiments, some companies are seeking investors for specific projects.