Wednesday, 05 Aug 2020 08:12 AM MYT
HOUSTON, Aug 5 ― Exxon Mobil Corp told employees it would begin suspending the employer match to retirement savings plans beginning in early October, said sources who received a message from the company yesterday. Exxon Senior Vice President Neil Chapman said on Friday the company was planning both capital and operating expense cuts to defend its dividend, adding that investors “come to view that dividend as a source of stability in their income.”
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