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Exxon has no plans to cut jobs or investments due to falling oil prices

January 19, 2015, 11:16 UTC+3 NEW YORK
Several international oil companies have reported job cuts on various projects amid falling oil prices
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© AP Photo/Reed Saxon

NEW YORK, January 19. /TASS/ US oil giant ExxonMobil currently has no plans to reduce staff or investment due to a drop in world oil prices, the company said Monday.

"We have not announced anything about plans to cut jobs or to cut investment," the company spokesperson informed TASS.

So far, several international oil companies have reported job cuts on various projects, companies like BP, Schlumberger, ConocoPhillips and Chevron. Norwegian Statoil and Qatar have reported an investment reduction.

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