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EOG Resources Swings to Quarterly Loss on Oil Price Plunge

2020-08-07 01:00:00| OGI

EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.

Tags: price resources loss oil

Exxon Mobil Posts Second Straight Quarterly Loss on Demand, Price Plunge

2020-07-31 14:47:26| OGI

The U.S. oil major reported a loss of $1.08 billion, or 26 cents per share, in the three months ended June 30.

Tags: price posts loss straight

European plunge dents Molson Coors Beverage Co H1 - results

2020-07-30 18:34:00| Daily beverage news and comment - from just-drinks.com

A collapse in Molson Coors Beverage Co's European sales has dragged down the brewer's H1 performance.

Tags: results european beverage dents

Telefonica Q2 sales plunge 11% in Latin America on heavy Covid-19 and forex impact

2020-07-30 09:52:00| Telecompaper Headlines

(Telecompaper) Telefonica said its operations in Latin America were heavily impacted by the Covid-19 pandemic and weak local currencies in the second quarter of 2020, with revenues plunging 10.8 percent on an organic basis and 28.0 percent on a reported basis to EUR 1.89 billion, compared to EUR 2.61 billion a year earlier. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced last November.

Tags: sales america impact heavy