What is really singular in the case of XOM is that that it was one of the O&G supermajor that was not laying of its employees, even during previous downturns.
This shows that things are really going downhill in the O&G industry.
This is because of the pandemic and people are literally dying.<p>Not from SARS-CoV-2, which is also directly causing deaths, but from the world's economy collapsing.<p>But they are mostly the real poor people that Twitterverse doesn't care about, so meh I guess.<p>Non blog spam -<p><a href="https://www.reuters.com/article/exxonmobil-layoffs/exxon-to-cut-14000-global-jobs-including-1900-in-u-s-as-pandemic-hurts-demand-idUSKBN27E30U" rel="nofollow">https://www.reuters.com/article/exxonmobil-layoffs/exxon-to-...</a>