Following the oil price and demand crash, ExxonMobil ( NYSE: XOM ) reported on Friday its second consecutive quarterly loss, which was the worst loss for the U.S. supermajor in its modern history. Exxon booked a loss of US$1.1 billion for the second quarter due to the global oversupply and COVID-related demand impacts. This compares with earnings of US$3.1 billion for the same period last year. Exxon posted an adjusted loss per share of US$0.70, larger than the US$0.61 loss per share expected by the analyst consensus in The Wall Street Journal . Total revenues more than halved to US$32.6 billion from US$69.1 billion for the second quarter of 2019, highlighting the pain that oil companies suffered during what analysts expected to be the worst quarter for the industry. Exxon’s production also dropped because of the demand crash in both oil and natural gas, by 7 percent to oil-equivalent […]