- Total (NYSE:TOT) CEO Patrick Pouyanne says the company plans to cut exploration spending by 30% in 2015 after spending $2.8B over the past two years, Le Monde reports.
- Overall investment reportedly would be trimmed by ~10%, or $2B-$3B from $26B in 2014.
- Pouyanne says all employees would be retained and although its industrial sites in France could be restructured, none will be closed.
- TOT -0.6% premarket.
Total reportedly to cut exploration costs by 30% in 2015
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Symbol | Last Price | % Chg |
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