ExxonMobil said Tuesday it will slash its 2020 capital spending by $10 billion as North America’s largest energy company cuts its bottom line deeper than the other integrated oil majors around the world. The moves comes as US crude oil pipeline giant Plains All American Pipeline said it will cut its spending by almost 50% and Oklahoma oil producer Continental Resources aims to reduce its production volumes by 30% in April and May. The decisions come just as OPEC+ is scheduled to meet on Thursday to make a potentially broad agreement to scale back oil output amid the global coronavirus pandemic. The announcements Tuesday show US companies are making moves to scale back their volumes even if the US […]