{"id":31466,"date":"2020-03-26T16:59:38","date_gmt":"2020-03-26T16:59:38","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/oil-majors-slash-2020-spending-20-after-prices-slump\/"},"modified":"2020-03-26T16:59:38","modified_gmt":"2020-03-26T16:59:38","slug":"oil-majors-slash-2020-spending-20-after-prices-slump","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/oil-majors-slash-2020-spending-20-after-prices-slump\/","title":{"rendered":"Oil majors slash 2020 spending 20% after prices slump"},"content":{"rendered":"\n<p> The world\u2019s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. <\/p>\n\n\n\n<p>Cuts already announced by seven major oil companies including Saudi Aramco and Royal Dutch Shell  come to a combined $25 billion, or a drop of 20% from their initial spending plans of $127 billion.<\/p>\n\n\n\n<p>Norway\u2019s Equinor said on Wednesday it would cut capital expenditure, or capex, by some $2 billion while Chevron  said on Tuesday it would slash its capex this year by $4 billion.<\/p>\n\n\n\n<p>Others such as U.S. giant Exxon Mobil Corp and Britain\u2019s BP  have said they will cut capital expenditure but haven\u2019t given specific figures as yet.<\/p>\n\n\n\n<p>Brazilian oil company Petrobras said it was dialing back short-term production, delaying a dividend payment and trimming its 2020 investment plan, among other measures aimed at reducing costs in the face of the coronavirus pandemic.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/tabadul.tv\/en\/wp-content\/uploads\/2020\/03\/eikon.png\" alt=\"\" class=\"wp-image-19255\"\/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. Cuts already announced by seven major oil companies including Saudi Aramco and Royal Dutch Shell come [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":31467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[9704],"class_list":["post-31466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-oil-majorsspending"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=31466"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/31467"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=31466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=31466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=31466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}