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ExxonMobil Suffers $22.4 Billion Annual Loss, Sticks to Low Capex Plan

oil_gas_production

Industry Segment: Production | Word Count: 727 Words
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SUGAR LAND--February 3, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Like other energy giants, Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) was clobbered last year by low fuel demand and oil prices in a COVID-19-ravaged world, posting its first annual loss in decades on Tuesday. ExxonMobil had slashed its capital spending by roughly a third to $21.3 billion last year. For this year, capital expenditures are likely to fall at the low end of its $16 billion-to-$19 billion guidance range.

Within this article: Planned capital expenditures by ExxonMobil

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