Exxon Mobil reports $20 billion loss for Q4 2020 citing pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Oil giant Exxon Mobil reported a $20 billion loss to close out its 'most challenging' year ever

its first annual loss as a public company as the COVID-19 pandemic hammered energy prices and it reduced the value of its shale gas properties by more than $20 billion in the fourth quarter.

The company reported a net annual loss of $22.44 billion for 2020, compared with a full-year profit of $14.34 billion in 2019.

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:

 /  🏆 729. in US
 

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

They should learn to code

Good

HandmaidAlberta I guess they're lining up with their hands out for government bail-out.

HandmaidAlberta Oops! Everybody walk the dinosaur!

They still get subsidies

the sixth mass extinction event is happening.

JohnKerry should be happy.

Regret is a waste of energy. Don't stay home and not get paid, buy Bitcoin and register with a license trading company to earn guaranteed Passive income (13% interest on all your investment) lisaMakT

United States United States Latest News, United States United States 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 $2 billion improvement from prices for oil and gas driving profits, the company signaled in a securities filing on Wednesday. - Google, show me a picture of the Devil's Anus.
Source: Reuters - 🏆 2. / 97 Read more »