France-based Total SA (NYSE: TOT) has joined the ranks of many other upstream companies in cutting its spending plans for 2020 to better fit the realities of the market. Total’s U.S. headquarters is in Houston.
The company now plans to spend less than $15 million, down $3 billion from its original projections, according to a March 23 press release. That’s down more than 20 percent.
Total is also looking to shave off even more of its operating costs in 2020 — it now plans to come in $800…
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