(Bloomberg) — Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields after posting a historic loss despite sweeping budget and job cuts.Exxon is confronting one of its biggest crises since Saudi Arabia began nationalizing its oilfields in the 1970s. The company lost $680 million, or 15 cents a share, during the third quarter, compared with the 25-cent per-share loss forecast in a Bloomberg survey of analysts. The shares fell 1.2% in pre-market trading.That was in stark contrast to Chevron Corp., which disclosed a surprise profit despite a gloomy outlook and the lowest …read more
Source:: Yahoo Finance
