For the financial fourth quarter 2020 Exxon Mobil Corporation posted loss of $
-4.95 per share compare to $1.33 a year ago and increased losses from $
-0.15 per share from the previous quarter.
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Sales faded by
-34.22 % to $
46.54 billions from $70.75 billions in the same quarter a year ago and sequentially Sales increased by 0.74 % from $46.20 billions.
Sales have contracted due the decrease in revenues in Upstream
-38.16%, Downstream
-37.14%, Chemical
-30.49%, Other
-33.33%.
For the financial fourth quarter 2020 Exxon Mobil Corporation logged net loss of $
-20,603.000 million, instead of net income of $5,730.000 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 financial fourth 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 reported net loss of $
-23,251 millions and Sales of $
181.50 billions for the fiscal year 2020.
Oil & Gas Integrated Operations company said its eps were at
$-5.25 compare to $3.36 in the previous fiscal year, while Sales Tumbled by
-31.49 % from $264.94 billions a year ago.
Exxon Mobil Corporation is expected to report next financial results on April 29, 2021.