- Wall Street expected Exxon Mobil Corp. and Chevron Corp. earnings to be bad, but not this bad.
- America’s biggest energy companies delivered their worst set of quarterly results of the modern era.
- The losses are weighed down by the slump in oil prices and the global collapse in demand due to COVID-19.
Exxon Mobil Corporation and Chevron Corporation posted the worst losses in a generation after the pandemic and a global crude glut combined to batter almost every part of their businesses, reports...
https://mfame.guru/pandemic-driven-oil-demand-slump-incurs-major-q2-losses/