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vanguardngr - 12 days ago

COVID-19: Oil giant ExxonMobil posts largest loss ever

ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil. The Texas-based oil giant lost nearly $1.1 billion from April to June as COVID-19 caused a historic plunge in oil prices that hammered its production business. That came on the heels of a $610 million loss in
Read More The post COVID-19: Oil giant ExxonMobil posts largest loss ever appeared first on Vanguard News.


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