{"id":398708,"date":"2021-02-03T09:07:29","date_gmt":"2021-02-03T03:37:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398708"},"modified":"2021-02-03T09:47:09","modified_gmt":"2021-02-03T04:17:09","slug":"exxon-mobil-reports-big-2020-loss-unveils-low-carbon-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-mobil-reports-big-2020-loss-unveils-low-carbon-business\/","title":{"rendered":"Exxon Mobil reports big 2020 loss, unveils low carbon business"},"content":{"rendered":"<p>Exxon Mobil closed the books on a terrible 2020 on Tuesday, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices amid the Covid-19 crisis. <\/p>\n<p>The big US oil company, which has been criticized over the last year for both its financial performance and its response to climate change, suffered a 2020 loss of $22.4 billion, after posting a profit of $14.3 billion in 2019.<\/p>\n<p>The energy giant unveiled new cost-cutting efforts, a new low-carbon business unit and a new board member that it said would position it for the future. <\/p>\n<p>&#8220;The past year presented the most challenging market conditions Exxon Mobil has ever experienced,&#8221; said Chief Executive Darren Woods, adding that the company responded &#8220;decisively&#8221; in ways that will position it for the long term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil closed the books on a terrible 2020 on Tuesday, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices amid the Covid-19 crisis. The big US oil company, which has been criticized over the last year for both its financial performance and its response to climate change, suffered a 2020 loss of $22.4 billion, after posting a profit of $14.3 billion in 2019. The energy giant unveiled new cost-cutting efforts, a new low-carbon business unit and a new board member that it said would position it for the future. &#8220;The past [&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-398708","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\/398708","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=398708"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398708\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}