{"id":381611,"date":"2020-11-02T09:11:16","date_gmt":"2020-11-02T03:41:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381611"},"modified":"2020-11-02T11:38:18","modified_gmt":"2020-11-02T06:08:18","slug":"exxon-posts-third-straight-loss-as-pandemic-hits-energy-demand-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-posts-third-straight-loss-as-pandemic-hits-energy-demand-prices\/","title":{"rendered":"Exxon posts third straight loss as pandemic hits energy demand, prices"},"content":{"rendered":"<p>Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 impact on energy demand and prices. <\/p>\n<p>The largest US oil producer plans to cut its capital spending for 2021 to between $16 billion to $19 billion, down from a planned $23 billion this year.<\/p>\n<p>Its net loss was $680 million, or 15 cents per share in the third quarter, compared with a profit of $3.17 billion or 75 cents per share, a year earlier.<\/p>\n<p>The company expects to exceed capital and cash expenses reduction targets for 2020 and forecast further cuts in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 impact on energy demand and prices. The largest US oil producer plans to cut its capital spending for 2021 to between $16 billion to $19 billion, down from a planned $23 billion this year. Its net loss was $680 million, or 15 cents per share in the third quarter, compared with a profit of $3.17 billion or 75 cents per share, a year earlier. The company expects to exceed capital and cash expenses reduction [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-381611","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381611"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381611\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}