Exxon loses $610 million in the first quarter on write-downs tied to plunging oil
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey.
Kena Betancur | Corbis News | Getty Images
Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows.
The oil giant lost $610 million in the first quarter due to writedowns tied to falling oil prices. Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP…
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