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Coronavirus takes its toll as oil majors post record losses in 2020

The five integrated supermajors — ExxonMobil, BP, Shell, Chevron, and Total — posted a combined record loss of $76bn in 2020, according to Rystad Energy

Most of the loss, $69bn, can be attributed to asset impairments and write-offs as the supermajors re-evaluated strategy to become less dependent on petroleum

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