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Exxon – High Losses – Economy

The largest U.S. oil Corporation, ExxonMobil has also written in the third quarter deep in the red and billions depreciation and amortization warned. The net loss amounted to $ 680 million (582 million euros), as the company announced on Friday. A year ago, Exxon had earned 3.2 billion dollars. Sales declined in the year-on-year by 29 percent to 46.2 billion. In the gas business, the risk of a significant correction of the assets. In view of the difficult situation in Exxon, together stroking his costs. The investment in equipment, and exploration and development projects have been reduced in the course of the year to six billion to 16.6 billion dollars. The day before, Exxon had announced the removal of approximately 1900 U.S. Jobs.

© SZ from the 31.10.2020 / dpa

Jerry Rolonhttps://etrendystock.com/
After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

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