 Major oil producers with operations around the world have cut their 2020 capital spending by more than 27, or 62.5billion, data compiled by Reuters showed, following a slump in crude prices. Brent crude prices have tumbled by more than 42 to around 26 a barrel, while U.S. West Texas Intermediate WTI crudehas more than halved to less than 20 per barrel since Saudi Arabia and Russia launched a price war in March. WTI crashed intounprecedented negative territory last month. The world is also witnessing one of its biggest demand shocks, as travel curbs due to the coronavirus outbreak have crimped oilconsumption by millions of barrels per day. Chevron on Friday said it would further cut its spending by 2 billion to 14 billion, bringing total cuts to 6 billion or 30 Exxon Mobil last month cut its 2020 exploration expenditure by the same, while ConocoPhillips cut its spending for a secondtime. BP Plc, Saudi Aramco, Shell and Chevron have each slashed their spending by at least 20 for theyear. A list of companies that have cut their spending since March 9: RegionCompany RIC 2020 revised capex 2020 previous capex Absolute change Date of Link midpoint; in millions midpoint; in millions change capex of U.S. dollars of U.S. dollars revision Middle East Saudi Aramco 27,500.00 37,500.00 -10,000.00 -26.7 March 15 nL8N2B8051 UK Shell 20,000.00 25,000.00 -5,000.00 -20.0 March 23 nL4N2BG29Y BP Plc 12,000.00 15,000.00 -3,000.00 -20.0 April 1 nL8N2BP2EP Energean 840.00 995.00 -155.00 -15.6 March 19 nRSS7618Ga Neptune Energy 800.00 1,050.00 -250.00 -23.8 March 31 nL8N2BO2YN Cairn Energy Plc 475.00 615.00 -140.00 -22.8 March 27 nL8N2BK35Q Premier Oil Plc 370.00 470.00 -100.00 -21.3 March 13 nL4N2B62K5 EnQuest 150.00 230.00 -80.00 -34.8 March 19 nL8N2BC24T Genel Energy Plc 100.00 180.00 -80.00 -44.4 March 19 nL4N2BC2SF U.S. Exxon Mobil Corp 23,000.00 33,000.00 -10,000.00 -30.3 April 7 nBw94GzpVa Chevron Corp 14,000.00 20,000.00 -6,000.00 -30.00 May 1 nBw5Cc90Ja ConocoPhillips 4,300.00 6,600.00 -2,300.00 -34.8 April 16 nL4N2BB3Y0 Occidental Petroleum Corp 2,800.00 5,300.00 -2,500.00 -47.2 March 25 nL1N2BI0GZ Hess Corp 2,200.00 3,000.00 -800.00 -26.7 March 17 nL4N2BA3QS Marathon Oil Corp 1,300.00 2,400.00 -1,100.00 -45.8 April 1 nL4N2BW2YY Apache Corp 1,100.00 1,750.00 -650.00 -37.1 March 12 nL4N2B53RC Noble Energy Inc 850.00 1,700.00 -850.00 -50.0 April 15 nBw7WbMkSa Murphy Oil Corp 780.00 1,450.00 -670.00 -46.2 April 1 nBw8552dJa Kosmos Energy Ltd 212.50 350.00 -137.50 -39.3 April 8 nBw31s7tHa France Total SA 15,000.00 18,000.00 -3,000.00 -16.7 March 23 nL8N2BG1T0 Brazil Petroleo Brasileiro SA 8,500.00 12,000.00 -3,500.00 -29.2 March 26 nL1N2BJ0GG Norway Equinor ASA 8,500.00 10,500.00 -2,000.00 -19.0 March 25 nL8N2BI0WF Aker BP 1,200.00 1,500.00 -300.00 -20.0 March 23 nL8N2BG26C Italy Eni SpA 6,610.00 8,810.00 -2,200.00 -25.0 March 25 nL8N2BI9IJ Spain Repsol SA 3,100.00 4,190.00 -1,090.00 -26.0 March 25 nL8N2BI8AW Canada Suncor Energy Inc 2,920.00 3,960.00 -1,040.00 -26.3 March 23 nGNX14k4Lj Canadian Natural Resources Ltd 2,050.00 2,800.00 -750.00 -26.8 March 18 nL4N2BB5BU Husky Energy Inc 1,740.00 2,390.00 -650.00 -27.2 March 12 nL4N2B55OP Gran Tierra Energy Inc 70.00 210.00 -140.00 -66.7 March 12 nGNX59bXW6 GeoPark Ltd 75.00 190.00 -115.00 -60.5 March 19 nBw3KWn9ja Austria OMV AG 2,100.00 2,650.00 -550.00 -20.8 March 26 nL8N2BJ35T Sweden Lundin Petroleum AB 1,140.00 1,310.00 -170.00 -13.0 March 23 nL8N2BG9LA 0.00 Australia Santos Ltd 900.00 1,450.00 -550.00 -37.9 March 23 nL4N2BF0P6 Oil Search Ltd 250.00 450.00 -200.00 -44.4 March 18 nL4N2BA5YN Woodside Petroleum Ltd 1,800.00 4,250.00 -2,450.00 -57. 