ExxonMobil posts loss on USD3 bln writedown, oil price plunge

ExxonMobil posts loss on USD3 bln writedown, oil price plunge
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

13.05.2020

MOSCOW (MRC) -- ExxonMobil Corp joined a parade of oil companies posting downbeat results on plunging oil demand and collapsing prices, reporting a USD610 million first-quarter loss after a nearly USD3 billion inventory writedown, reported Reuters.Global fuel demand has tumbled by a third on coronavirus-related lockdowns and business shutdowns. Oil giants largely have reported losses on w

Full article at mrcplast.com

Back

news