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

Australia’s New Crypto Framework: $24 Billion Boost and Tighter Custody Standards

The Australian government has introduced comprehensive legislation to regulate the digital asset sector, a move…

18 hours ago

CDG Project Token to Be Listed on BitMart Starting December 1st

Dubai, UAE, 28th November 2025, ZEX PR WIRE, CDG Project has announced that its ERC-20 utility…

1 day ago

Ripple’s RLUSD Wins Abu Dhabi FSRA Approval

Ripple announced today that its USD-backed stablecoin Ripple USD (RLUSD) has been recognized as an…

2 days ago

Texas Bitcoin reserve makes first $5M bet on BlackRock’s IBIT ETF

Texas has created a state-run Bitcoin reserve and, according to new reports, opened it with…

3 days ago

Galaxy Digital in Talks With Polymarket and Kalshi for Liquidity Role

Galaxy Digital is in discussions with prediction market platforms Polymarket and Kalshi about becoming a…

4 days ago

Bitcoin Mining in China Rebounds, Defying 2021 Ban

Bitcoin mining in China has staged a significant resurgence, with the country reclaiming its position…

4 days ago