Losses Widen, Topline Crumbles

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.

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.