Exxon Planning To Cut 2,000 Jobs Worldwide [zero hedge]
Imperial Oil Limited (IMO)
NASDAQ:AMEX Investor Relations:
imperialoil.ca/en-ca/company/investors
Company Research
Source: zero hedge
Exxon Planning To Cut 2,000 Jobs Worldwide Exxon plans to cut about 2,000 jobs worldwide as part of its years-long effort to streamline operations and consolidate smaller offices into regional hubs, according to Bloomberg . The reductions, equal to roughly 3%–4% of its workforce, were announced in a memo to employees from CEO Darren Woods on Tuesday. Bloomberg writes that Exxon received attention Monday when Imperial Oil Ltd. — nearly 70% owned by Exxon — disclosed it would reduce its workforce by 20%. Combined, the moves highlight a sweeping restructuring effort that Woods has pursued since 2019 to simplify Exxon’s sprawling global footprint, a legacy of its merger with Mobil two decades ago. Woods said the company is making “tough decisions” to sharpen competitiveness. “The changes we’ve announced today will further strengthen our advantages and grow the gap with our competition, helping to keep us in the lead for decades to come,” he told employees. The company declined to comment
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News
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- Top Dividend-Growth Stocks to Buy Now in Canada [Yahoo! Finance Canada]Yahoo! Finance Canada
- What Recent Developments Are Shaping the Investment Story for Imperial Oil [Yahoo! Finance]Yahoo! Finance
- Here's Why Hold Strategy Is Apt for Imperial Oil Stock Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- TD picks oil stocks as investors await Carney's next major projects list [Yahoo! Finance Canada]Yahoo! Finance Canada
IMO
Earnings
- 10/31/25 - Beat
IMO
Sec Filings
- 11/26/25 - Form 8-K/A
- 11/3/25 - Form 10-Q
- 10/31/25 - Form 8-K
- IMO's page on the SEC website