In November last year, the company revealed in a filing that it would cut nearly 400 jobs in Texas. On Monday, Canadian shale producer Imperial Oil, in which Exxon is a major shareholder, announced plans to cut 20 per cent of its workforce and shutter business in Calgary. US oil and gas production jobs fell by 4,700 in the first six months of this year, Texas labour market statistics showed. Meanwhile, French group TotalEnergies on Monday announced plans to increase oil, gas and electricity production while cutting spending by $7.5 billion between 2026-2030. TotalEnergies said at an Investor Day in New York that it would boost oil and gas production by 3 per cent over that period.