ExxonMobil has returned all but 140,000 b/d of oil production curtailed during the spring’s oil price crash, and the producer aims to increase output from the Permian Basin next year despite slashing capital spending by more than a third. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company reported a third-quarter loss of $680 million Oct. 30, following its largest-ever loss of $1.1 billion in Q2. The results come a day after it announced it would cut its US workforce by 1,900 people, primarily from its Houston management offices. Globally, the company will cut staffing 15% by year-end 2022 compared with 2019. ExxonMobil sees the global oil market in the “early stages of […]