ExxonMobil posts second loss in row

A GLOBAL oversupply of oil and gas and the COVID-19 related restrictions are being blamed for ExxonMobil’s US$1.1 billion loss.

ExxonMobil posts second loss in row ExxonMobil posts second loss in row ExxonMobil posts second loss in row ExxonMobil posts second loss in row ExxonMobil posts second loss in row

It is the second consecutive quarterly loss, and was the worst loss for the Houston giant in its modern history.

This compares with earnings of $3.1 billion, for the same period last year.