Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic

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Although demand and commodity prices have shown signs of recovery, Chevron said they aren’t back to pre-Covid levels, and warned its results could continue to be depressed through the third quarter

Exxon Mobil Corp. posted its second consecutive quarterly loss for the first time this century on Friday, reporting a loss of $1.1 billion, compared with a profit of $3.

1 billion a year ago. Exxon, the largest U.S. oil company, had not reported back-to-back losses for at least 22 years, according to Dow Jones Market Data, whose figures...

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

This is the time to take as many losses as possible. Throw in conservative guidance and the chances of beating estimates in the future improves.

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