ExxonMobil reports results for fourth quarter 2020 and provides perspective on forward plans
ExxonMobil reports results for fourth quarter 2020 and provides perspective on forward plans Source: Reuters Fourth quarter loss of $20.1 billion included unfavorable identified items of $20.2 billion, primarily non-cash impairments; earnings excluding identified items were $110 million, or $0.03 per share assuming dilution Exceeded cost-reduction objectives, with 2020 capital spending of $21 billion below target by $2 billion; cash operating expense more than 15% below 2019, of which $3 billion is a structural reduction Met 2020 methane emissions (15%) and flaring (25%) reduction targets ...