Exxon Mobil reports huge 2020 loss as changes draw mixed reviews

New York (AFP) – Exxon Mobil closed the books on a terrible 2020 on Tuesday, reporting losses in the fourth quarter and the full year in the wake of lower oil prices amid the Covid-19 crisis. Exxon Mobil, which has been criticized over the last year for both its financial performance and its approach to renewable energy investment, suffered a 2020 loss of $22.4 billion, after posting a profit of $14.3 billion in 2019. That marked the company’s first annual loss following the 1999 closure of the Exxon-Mobil merger. The global energy giant, which was bumped from the prestigious Dow index last ye…

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