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PR Newswire
02-02-2016, 09:24 PM
(This post was last modified: 02-02-2016, 09:25 PM by Art or Science.)
Big boys have recorded either losses or drop in profits..
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REUTERS: Exxon Mobil Corp on Tuesday reported a 58 percent drop in quarterly profit as low oil prices hurt results at the world's largest publicly traded oil company.
The Irving, Texas company reported that fourth-quarter profit slid to US$2.78 billion, or 67 cents per share, from US$6.57 billion, or US$1.56 per share, in the same period a year earlier.
Exxon said its oil and gas output rose 4.8 percent in the fourth quarter.
http://www.channelnewsasia.com/news/busi...81488.html
BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade.
http://www.channelnewsasia.com/news/busi...80492.html
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REUTERS: Exxon Mobil Corp on Tuesday reported a 58 percent drop in quarterly profit as low oil prices hurt results at the world's largest publicly traded oil company.
The Irving, Texas company reported that fourth-quarter profit slid to US$2.78 billion, or 67 cents per share, from US$6.57 billion, or US$1.56 per share, in the same period a year earlier.
Exxon said its oil and gas output rose 4.8 percent in the fourth quarter.
http://www.channelnewsasia.com/news/busi...81488.html
BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade.
http://www.channelnewsasia.com/news/busi...80492.html
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."