If oil prices remain at current levels, at some point bond investors may no longer be willing to support the shrinking enterprise.
The cuts reflect the prolonged commodities slump but Exxon says it still has "the financial flexibility to pursue attractive opportunities."
Managers at the biggest oil firms clash with investors over climate change.
Agriculture, energy infrastructure and fast food are most exposed to the threat of Russian military occupation and continued political unrest.
Tenet Healthcare, ExxonMobil, and BMC Software executives say mandatory audit-firm rotation is not the answer to increasing auditor independence.
