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Why ExxonMobil's Historic Q1 2020 Earnings Loss Isn't So Historic

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.