The largest public oil and gas company of the US, Exxon Mobil, reported that in the first quarter, hydrocarbon production in terms of oil equivalent decreased by 6% to 3 million 889 thousand barrels per day due to production failures. The extraction in the last quarter was the lowest for this period since 1999. Net income in annual terms increased by 13.4% to 4 billion 650 million dollars. Quarterly revenue was 68 billion 210 million dollars, decreased by 16.3%. Analysts had expected the figure at the level of 67 billion 200 million dollars. The production of hydrocarbons excluding one-off factors decreased by 3%. The decline in oil production was 35 thousand barrels per day, natural gas - 403 million cubic feet per day.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...