(Reuters) - Exxon Mobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.
Wall Street investors are even starting to worry about the once-sacrosanct dividend at Exxon
The move by the Oslo-listed company, which has about $91 billion under management, is another illustration of how investors are adjusting to the risks of climate change
Exxon's oil and gas production business fell to a loss and its refining unit was hit by lower demand and weaker prices
BPCL has been developing the technology since FY16 and reached commercial production stage two years ago
The sell-off would be a marked acceleration of the US oil major's previous divestment plans.
The shareholders said they have engaged with Exxon on climate change and its greenhouse gas emissions since 2005 and the company has "failed to respond adequately" in contrast to peers