An ExxonMobil booth at the China International Import Expo, Shanghai, east China, November 7, 2020. /CFP ExxonMobil and Chevron executives discussed the possibility of a merger last year as th
U.S. oil giants Exxon Mobil and Chevron said Friday they were curtailing some production as they slash capital spending in response to an acute industry downturn in the wake of the coronavirus crisis