Why ExxonMobil's Historic Q1 2020 Earnings Loss Isn't So Historic
Here's what investors really need to know. Given that Q1 saw an oil price crash and coronavirus-related travel restrictions that caused demand to collapse, Exxon's modest drops in revenue and adjusted earnings are actually pretty impressive, especially compared to fellow major Royal Dutch Shell's 28.3% drop in revenue and 47.2% drop in adjusted net income.