ExxonMobil posted a $1.1 billion second-quarter loss and Chevron lost $8.3 billion as oil prices crashed and a global pandemic sparked a drop-off in worldwide demand for oil.
Exxon Mobil signaled it'll suffer its second consecutive quarterly loss. As Fred Katayama reports, its oil and gas producing and refining businesses will report operating losses in the second quarter.
![Exxon signals 2nd straight quarterly loss [Video]](https://video.newsserve.net/300/v/20200702/2007021637-Exxon-signals-2nd-straight-quarterly-loss.jpg)
