Slipped into Red due Decrease in Demand

Lower demand led to lower revenues and higher losses, in the first quarter 2020 company slipped into loss to $-0.14 per share, while Sales fell by -8.9 % to $56.16 billions, year on year.

In the previous quarter company realized Sales of $70.75 billions and bottom line of $1.33 per share.
Sales have contracted due the decrease in revenues in Upstream -38.16%, Downstream -37.14%, Chemical -30.49%, Other -33.33%.
For the first quarter 2020 Exxon Mobil Corporation logged net loss of $-770.000 million, instead of net income of $2,406.000 millions achieved in the same quarter a year before.
Other segment cut it's deficit to $-378.0 million.
1Other segments have decreased the loss.
Beside announcing a net loss in the first quarter 2020, Oil & Gas Integrated Operations company, also faced declines in Natural gas production (MMCF/D) -10.11 %.
Explaining results, Oil & Gas Integrated Operations company told, that it saw rise in: Crude oil production & Natural gas liquids (MB/D) 2,331.00 gain by 12.88 %.

Exxon Mobil Corporation is expected to report next financial results on July 30, 2020.