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Exxon prepares spending, job cuts in last ditch move to save dividend

Exxon prepares spending, job cuts in last ditch move to save dividend
On Friday, Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data, on sharply lower prices and weaker production, the first back-to-back quarterly losses in at least 36 years.