Exxon Mobil, Chevron report losses on weak oil prices

Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts. Exxon Mobil on Friday reported a loss of $1.1 billion in the second quarter, saying it trimmed capital spending during the period and “identified significant potentialRead More
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