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Exxon’s workforce declines by 9,000 in 2021 amid cost cuts -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A logo for Exxon Mobil Corp can be seen at Rio Oil and Gas Expo and Conference, Rio de Janeiro (Brazil), September 24, 2018. REUTERS/Sergio Moraes

Sabrina Valle

HOUSTON, (Reuters) – Exxon Mobil Corp (NYSE 🙂 stated Wednesday that the global workforce of Corp fell by 9,000 in 2013 due to cost-reduction measures after Covid-19, an epidemic which severely affected energy demand and prices.

To increase cash returns, the largest U.S. oil producer has reduced costs and taken on more debt. Exxon’s 2021 financial results were its most impressive in seven years, driven by the rising price of oil and a $22.4 billion decline in 2020.

Exxon said that its 2021 total of 63,000 regular employees was lower than 72,000 for 2020 and 74,000.900 in the period before the pandemic. This number doesn’t include contractors.

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