Exxon posts first loss in a decade...

May 1, 2020 6 Comments

Times are rough.

https://www.bloomberg.com/features/2020-exxonmobil-coronavirus-oil-demand/

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  • ExxonMobil / Other
    5efh5

    Go to company page ExxonMobil Other

     5efh5
    Very rough. It's affecting all of us.
    May 1, 2020 0
  • Imperial Capital
    sg02

    Imperial Capital

    sg02
    Interested to see how the next administration (or the same) handles the biodiesel tax credits as Exxon has invested heavily in that technology and Trump basically shut it down last year
    May 2, 2020 0
  • Imperial Capital
    Banker69

    Imperial Capital

    Banker69
    They’ve done a great job diversifying and not being totally reliant on oil but looks like they are also feeling the pain exacerbated by covid and oil downturn
    May 2, 2020 0
  • Unlike the major IOCs the service industry never properly recovered from the 2014 crisis. This is going to be a bloodbath.
    May 2, 2020 0
  • Chevron
    TXSFCA

    Go to company page Chevron

    TXSFCA
    Exxon is a great company but everyone is having a tough time right now. Massive layoffs across oil/gas industry, especially on the service side.
    May 1, 2020 0