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Exxon Mobil Posts Loss, $3 Billion Writedown on Oil Price Plunge

2020-05-01 15:15:28| OGI

Exxon Mobil Corp. on May 1 joined a parade of oil companies posting downbeat results on plunging oil demand and collapsing prices, reporting a $610 million first-quarter loss after a nearly $3 billion inventory writedown.

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