Pandemic pushes Exxon to historic annual loss, US$20 bln cut in shale value

HOUSTON, (Reuters) – Exxon Mobil Corp today posted a historic annual loss after the COVID-19 pandemic hammered energy prices and reduced the value of the company’s shale gas properties by more than US$20 billion.

The article Pandemic pushes Exxon to historic annual loss, US$20 bln cut in shale value appeared first on Stabroek News.