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Energy majors, whose CEOs met with President Trump April 3 over falling prices, are among 300 firms in hard-hit sectors hit with ratings cuts, S&P Global Ratings said in an April 8 webinar.
Exxon Mobil Corp. plans to invest $50 billion over five years to expand its U.S. oil-and-gas production facilities, the company said on Feb. 2, when it released its 2017 results, which included $8.4 billion in fourth-quarter earnings and $19 billion in income for the year.
With concern about global warming prompting 177 countries to sign the December 2015 Paris Agreement to reduce greenhouse-gas emissions, the removal of carbon dioxide from power-plant flue gas is becoming an urgent priority.
