IMPERIAL PLANS TO CUT 1993 SPENDING

Imperial Oil Ltd., Toronto, will trim planned 1993 spending by about $200 million (Canadian) in a continuing cost cutting program. imperial, the Canadian unit of Exxon Corp., will have a capital budget of about $600 million in 1993, but much of that will be spent on maintenance programs and environmental requirements. Imperial has reduced spending by $378 million this year, including substantial staff reductions.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home