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World's biggest oil giants lose billions during COVID as people leave cars at home


World s biggest oil giants lose billions during COVID as people leave cars at home
Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices.
Exxon Mobil Corp. reported the largest losses in its history — nearly US$20.1 billion ($26.41 billion) for the fourth quarter, including more than US$19 billion ($24.96 billion) to write down the value of company assets.
For the full year, it lost US$22.4 billion ($29.43 billion).
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Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices(AP) ....

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