ExxonMobil Reports Results for Second Quarter 2020: Global oversupply and COVID-related demand impacts drive second quarter loss of $1.1 billion

Hellenic Shipping News | Aug 1, 2020 at 2:00 AM
  • Exxon Mobil Corporation today announced an estimated second quarter 2020 loss of $1.1 billion, or $0.26 per share assuming dilution.
  • Oil-equivalent production was 3.6 million barrels per day, down 7 percent from the second quarter of 2019, including a 3 percent decrease in liquids and a 12 percent decrease in natural gas, mainly reflecting the impacts of COVID-19 on global demand including economic and government mandated curtailments.
  • During the quarter, ExxonMobil continued to support COVID-19 response efforts by increasing production of isopropyl alcohol used in sanitizers and specialized polypropylene used in medical masks and gowns.