Exxon, Chevron aggressively cut costs as sector gets hammered by Covid-19

Exxon Mobil reported its third straight quarter of losses on Friday as depressed oil demand sparked by the coronavirus pandemic weighs on the company's operations. Similarly, Chevron reported its second straight quarter of losses after revenue during the third quarter fell 32% year over year. CNBC's Becky Quick reports.
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Fri, Oct 30 20207:51 AM EDT