Posted on Aug 12, 2020

The coronavirus pandemic is debunking some long-held myths of the energy industry

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"The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry."

The coronavirus pandemic is debunking some long-held myths of the energy industry

Posted from cnbc.com

Posted in these groups: 098d857

Coronavirus COVID19 Scales of justice

Posted 4 y ago

Responses: 1

MAJ Ken Landgren

Posted 4 y ago

This is not a good time to be a corporation with low profit margins. Corporations that are losing money will file bankruptcy, assume more debt, sell assets, and lay off workers.

(2)

Comment

(0)

MSgt Keith Hebert

4 y

I work at a major and it’s not looking good for us

(1)

(0)

MAJ Ken Landgren

4 y

MSgt Keith Hebert - I am sorry.

(0)

The coronavirus pandemic is debunking some long-held myths of the energy industry

The coronavirus pandemic is debunking some long-held myths of the energy industry

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