Violet Hill
12 Mar 2021

Oil companies endure brutal 2020,

warn of slow 2021 recovery

The big international oil companies are reporting one of their worst annual performances in decades and signaling that the pandemic could continue to challenge their businesses in 2021.

Exxon Mobil Corp. and BP PLC on Tuesday disclosed annual losses of $22 billion and $18.1 billion respectively, following Chevron Corp. , which on Friday reported a $5.5 billion loss for 2020.

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