Categories: Business

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 Rolon

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.

Recent Posts

AgriFi Launches Real Yield DeFi Platform Backed by Agricultural Productivity

Estonia, 21st February 2026, ZEX PR WIRE, AgriFi, the blockchain-based agricultural finance ecosystem built on…

8 hours ago

Bernardo Arsuaga Cardenas on Emerging Trends That Matter to Everyday People

Bernardo Arsuaga Cardenas of Monterrey, Mexico breaks down key trends shaping how we work, create,…

8 hours ago

McLaren Charlotte Launches a Personal Pledge for Informed Performance Culture

California, US, 20th February 2026, ZEX PR WIRE, McLaren Charlotte has announced the launch of a personal…

1 day ago

McLaren Charlotte Launches a Personal Pledge for Informed Performance Culture

California, US, 20th February 2026, ZEX PR WIRE, McLaren Charlotte has announced the launch of a personal…

1 day ago

Armik Aghakhani Raises Awareness Around Community Giving and Responsibility

California, US, 20th February 2026, ZEX PR WIRE, Armik Aghakhani, CPA, Managing Partner of Chartered International LLP,…

1 day ago

Armik Aghakhani Raises Awareness Around Community Giving and Responsibility

California, US, 20th February 2026, ZEX PR WIRE, Armik Aghakhani, CPA, Managing Partner of Chartered International LLP,…

1 day ago