Quite a few eyebrows were raised when news emerged earlier this week that Exxon Mobil is planning to lay off around 14,000 personnel in order to defend its shareholder dividend.
This dilemma is a fine illustration of the state of affairs at the oil company, once the world's highest valued. In the third quarter interim statement published Friday, the US-based fossil giant books its third consecutive deficit – but still maintains its dividend at USD 0.87 per share ahead of time for this year's fourth quarter.
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