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

Tradeview Markets Receives Multiple International Awards

Cundinamarca, Colombia, 16th July 2025, ZEX PR WIRE, Tradeview Markets is proud to announce its…

1 hour ago

Zak Manhire Launches Mint. io: A Web3 Gaming Platform Driven By AI That Prioritizes Product Over Token

Marbella, Malaga, 14th July 2025, Serial entrepreneur and global strategist Zak Manhire has announced Mint.io,…

2 days ago

Bitcoin Hits New Highs Above $118,000, Triggers Massive Short Liquidations

Bitcoin reached over $118,000 in early July 2025. This quick rise led to $1.1 billion…

5 days ago

LunarBet Opens $LUNR Token Presale to Disrupt Crypto iGaming with Real Token Utility

BVI, Tortola, 9th July 2025, ZEX PR WIRE, LunarBet has officially opened its $LUNR token…

1 week ago

Inside Tearline’s FlowAgent: A Modular AI Agent Bridging the Execution Trust Gap

British Virgin Islands, BVI, 7th July 2025, ZEX PR WIRE, Enterprise-level adoption of AI agents…

1 week ago

Created by Parents, Backed by Child Experts — Can Hey Bubba Finally Get Preschool TV Right?

Austin, Texas, 8th July 2025, In a sea of overstimulating preschool content, a new YouTube…

1 week ago