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Pandemic Pain Persists for Big Oil Companies

October 1, 2020

The global oil-and-gas industry remains under extreme financial pressure as demand for fossil fuels rebounds slowly after being crushed by the coronavirus pandemic.

Some of the largest western oil companies including Exxon Mobil Corp. and Royal Dutch Shell PLC signaled this week that key parts of their business continued to struggle through the summer and early fall, which will weigh down the third-quarter results they are set to report in coming weeks.

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