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

NOTICE TO DISREGARD – Richard Katz Rx

Danbury, Connecticut, 24th Jan 2026, ZEX PR WIRE, We are advised by Richard Katz Rx…

8 hours ago

BitGo IPO Debuts on NYSE with YZi Labs Investment

BitGo Holdings priced its initial public offering at $18 per share on January 21, 2026,…

3 days ago

ChainUp Joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

We’re thrilled to announce that ChainUp is now a Secondary Exhibition Sponsor for Hong Kong…

3 days ago

Hong Kong Web3 Festival 2026 is Proud to Welcome Hotcoin as a Primary Exhibition Sponsor

Hong Kong, 23rd January 2026, ZEX PR WIRE, Join us in giving a grateful welcome to Hotcoin,…

3 days ago

Qtum Joins Hong Kong Web3 Festival 2026 as a Platinum Sponsor

Hong Kong, 23rd January 2026, ZEX PR WIRE, We're excited to announce that Qtum is now a Platinum…

3 days ago

Thailand Crypto ETFs: SEC Plans Guidelines for 2026

Thailand’s Securities and Exchange Commission (SEC) is actively preparing a formal regulatory framework to support…

4 days ago