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

Anthony Helinski Makes the Case for Bringing Hands-On Learning Back to the Classroom

Anthony Helinski, a Salem, New Hampshire educator and engineer, argues that practical, hands-on instruction produces…

1 day ago

MaxQuant Joins Hong Kong Web3 Festival 2026 as Gold Sponsor

Hong Kong, 19th March 2026 — Hong Kong Web3 Festival is delighted to welcome MaxQuant as a…

3 days ago

SNZ Participates as Co-organizer at Hong Kong Web3 Festival 2026

Hong Kong, 18th March 2026 — Hong Kong Web3 Festival is honored to welcome SNZ as a…

4 days ago

XRP Surge Flips BNB for Number 4 Spot

XRP delivered strong gains on March 17, 2026, rising nearly 3 percent to trade around…

4 days ago

CoinP Announced as Primary Exhibition Sponsor for Hong Kong Web3 Festival 2026

Hong Kong, 17th March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome CoinP…

5 days ago

Websea Announced as Primary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Hong Kong, 13th March 2026 — Hong Kong Web3 Festival 2026 is excited to announce Websea as…

1 week ago