EOG Resources Inc. (NYSE: EOG) is the latest Houston-based energy company to cut 2020 capital expenditures, and Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which has a massive presence in Houston, is considering cuts as well.
A rapid drop in oil prices to the low $30s per barrel and concerns around the COVID-19 coronavirus pandemic sent many energy companies’ stock prices into a deep dive last week. Occidental Petroleum Corp. (NYSE: OXY), Marathon Oil Corp. (NYSE: MRO), Apache Corp. (NYSE:…