ExxonMobil has announced plans to cut 2,000 jobs due to falling oil prices and industry consolidation. Despite the alarming news, the move is seen as a cost discipline measure rather than a sign of deeper trouble. The company’s strong fundamentals suggest that this decision is necessary to navigate the challenges in the current market environment.

Read more at Barchart: This Energy Dividend Stock Just Slashed 2,000 Jobs. Should You Sell Shares Here?