ExxonMobil reports annual loss for 2020
The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.
The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.
The sale, for an enterprise value of US$405 million, was first announced on 5 October 2020.
For 4Q20, BP reported a profit of US$115 million.