Can Exxon Bounce Back From A Disasterous 2020? ...Middle East

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Can Exxon Bounce Back From A Disasterous 2020?
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Globally integrated energy supermajor ExxonMobil was severely mauled during 2020. The company reported a massive 2020 full-year loss of $22 billion, its worst performance in roughly 40 years, after being severely impacted by the fallout from the COVID-19 pandemic and March 2020 oil price collapse. By mid-2020 there were even analysts claiming that Exxon was a zombie company only generating sufficient cash flow to service its debt but unable to pay down its considerable financial obligations. It was Exxon’s mammoth fourth quarter 2020 $20…

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