(Reuters) – Exxon Mobil Corp (NYSE:) on Wednesday said it estimates $200 million in charges this year related to job cuts, according to a regulatory filing.
Total cash outflows would be between $400 million and $600 million, the company said. Cost savings are likely to range between $1 billion and $2 billion per year versus 2019 levels. The severance cost estimate does not include job cuts related to changes in the company’s portfolio, it said.
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