Exxon Mobil has lost 58% of profit 2016-02-04 09:15:20

The largest US oil company has suffered multibillion losses according to the financial data for the 4th quarter of 2015. The rapid fall in commodity prices has influenced the annual reduction in the company's profits from $ 32.5 billion to $ 16.2 billion, reaching its lowest level over the past 13 years. In order to solve all the existing problems, Exxon Mobil is planning to decrease its investments by 25%, to optimize costs and focus on new projects.

The negative sentiment has affected the value of Exxon Mobil shares to fall by 2.23%, and it still continues to decline. Traders have a great opportunity to earn money on a further reduction. Trading will be available during the American session, from 13:40 to 20:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.