The new outlook comes amid a wildly awful year for the fossil fuel giant, which has lost more than $1 billion since the pandemic began. Last month, Chevron overtook Exxon as the biggest energy company in the U.S., and soon after, Exxon analysts said it is facing financial losses for the third quarter in a row.
The Most Revolutionary Act 
Can I be happy?
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I wouldn’t go that far, Trace. With Exxon losing money, however, they’re also losing their ability to block federal subsidies for renewable energy and other climate mitigation measures.
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