ExxonMobil flags Q2 profit hit as Wall Street calls for more asset write-downs

摘要

ExxonMobil’s Q2’20 financial results could be worse than Q1’20, when the company reported its first quarterly loss in three decades. The US supermajor yesterday warned the market that lower prices and refining margins will wipe billions of dollars off earnings in core segments, prompting speculation on Wall Street that XOM bosses might finally yield to mounting pressure to follow European peers and write down the carrying value of its oil and gas assets.