Exxon Signals Up To $20 Billion Writedown To Overwhelm Fourth-quarter Gains In Oil, Chemicals

Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.

from Top Business News- News18.com https://ift.tt/2Mlzp2m