Two oil giants this week released reports showing how their earnings have been impacted by the recent steep fall in oil prices.
BP on Tuesday reported a quarterly loss of $4.4 billion dollars in the fourth quarter of 2014, which the company attributes in part to falling oil prices.
On a similar note, Exxon Mobil on Monday reported a steep drop in revenue and profit, with both down 21 percent in the fourth quarter, over the previous year.
Jason Bellini joins Here & Now’s Jeremy Hobson to look more closely at how low oil prices are impacting these companies.
Guest
- Jason Bellini, senior producer at the Wall Street Journal. He tweets @jasonbellini.
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