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

Peter Thiel Fully Exits ETHZilla Stake

Billionaire investor Peter Thiel has sold his entire position in Ethereum treasury firm ETHZilla, marking…

10 hours ago

The New Architecture of Resilience: Why Ecosystem Design is the Secret to MENA’s Post-Conflict Recovery

Doha, Qatar, 17th February 2026, ZEX PR WIRE– As the curtains fall on Web Summit…

1 day ago

Stellora.AI Launches Quantum-Accelerated “AI for Humanity” Initiative Following Web Summit Qatar 2026

Doha, Qatar, 17th February 2026, ZEX PR WIRE– Stellora.AI, a deep-tech leader specializing in agentic…

1 day ago

Shiba Inu Tokens Left Unburned As SHIB Slips After Weekly Gains, Fresh Burn Data Signals Shift

Shiba Inu traded lower on Tuesday as burn activity showed no sustained acceleration, with the…

1 day ago

Public Masterpiece Announces PMT Chain, A Layer 1 Built for the Real-World Asset Economy

Cyprus, Karavas, 17th February 2026, ZEX PR WIRE, At a time when much of the…

2 days ago

Edison.Watch Launches Deterministic Agentic AI Security Framework at Web Summit Qatar

New Deterministic Security Model Closes Critical Data Protection Gaps as Enterprises Deploy Autonomous AI Workflows…

2 days ago