Exxon Mobil swings to a loss and revenue falls 12%, as COVID-19 weighs on oil demand
Exxom reported Friday that it swung to a first-quarter loss, as a result of a large market-related writedown, and revenue that fell 12%, as the COVID-19 pandemic significantly impacted demand, resulting in oversupplied market and "unprecedented" pressure on commodity prices. The oil giant reported a net loss of $610 million, or 14 cents a share, after net income of $2.35 billion, or 55 cents a share, in the year-ago period.
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Big Lots shares soar 29% after $550 million sale and leaseback agreements, stock upgrade
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