Exxon Mobil and Chevron cut investment budgets by billions

The first three months of the year held the first quarterly deficit in at least 32 years for US oil firm Exxon Mobil. Both Exxon and Chevron dial down investments in 2020.

Photo: Jessica Rinaldi/Reuters/Ritzau Scanpix

US oil giant Exxon Mobil presents its accounts for the first quarter of 2020, revealing the company's first quarterly deficit in at least 32 years, writes Bloomberg News based on the firm's interim report, published Friday prior to US trading opening.

The financial report shows a loss per share of USD 0.14 in the first three months of the year. To compare, earnings per share in the first quarter last year came to USD 0.55.

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