News Formal

Exxon Mobil reports big 2020 loss, unveils low carbon business

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

NEW YORK: Exxon Mobil closed the books on a terrible 2020 on Tuesday (Feb 2), reporting losses in the fourth-quarter and for the full year in the ...

NEW YORK: Exxon Mobil closed the books on a terrible 2020 on Tuesday , reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices amid the COVID-19 crisis.

In the fourth quarter, Exxon Mobil suffered a loss of US$20.1 billion following huge write-offs. Revenues fell 30.7 per cent to US$46.5 billion. Exxon Mobil again signaled the importance of its investor dividend, which it has preserved at comparatively high levels even as it tightened spending.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exxon Mobil signals better first-quarter earnings as oil prices climbExxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least US$2 billion improvement from prices for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »