Exxon to take up to $20 billion impairment charge on gas assets

11/30/2020 Bluegrass Direct News Assets, Billion, charge, Company News, Content produced in Bangalore, DIVIDENDS, Energy (Legacy), Energy (TRBC level 1), Energy Markets, EXXON, gas, impairment, Integrated Oil & Gas (TRBC level 5), MOBIL, Natural Gas, Oil & Gas Exploration and Production (NEC) (TRBC level 5), Oil & Gas Refining and Marketing (NEC) (TRBC level 5), Oil & Gas Refining and Marketing (TRBC level 4), Organizational Restructuring, outlook, Results Forecasts / Warnings, Reuters Top News, United States, US

FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young

(Reuters) – Exxon Mobil Corp said on Monday it would take an impairment charge of about $17 billion to $20 billion in the fourth quarter related to some of its dry gas assets.

Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila

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