Friday, January 31, 2025
Exxon signals second quarterly loss in a row on production, refining hits- oil and gas 360

Exxon signals second quarterly loss in a row on production, refining hits

Reuters HOUSTON – Exxon Mobil Corp’s (XOM.N) oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post another quarterly loss this year. Oil prices are down 35% since January as the COVID-19 pandemic slashed demand and a global glut