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American oil company Exxon Mobil reported that in the third quarter, its net profit amounted to 6 billion 240 million dollars. The indicator per share of 1 dollar 46 cents exceeded the estimates of experts of 1 dollar 23 cents per share, which was facilitated by the good quarterly results of the oil and gas divisions. The company has reduced oil production to 3,800,000 barrels of oil equivalent. The decline was 3%. The company also noted a 4% decline in natural gas production in the third quarter. At the same time, the profits of the oil refining division jumped 72%.
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 ...
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