Stand with STLPR

Federal funding for public media is at risk. Protect the reporting that informs and connects our community. Your sustaining donation will help keep STLPR strong, independent, and accountable to you—not to political winds.

Donate Now
© 2025 St. Louis Public Radio
St. Louis Public Radio is a listener-supported service of the University of Missouri–St. Louis.
St. Louis Public Radio
BBC World Service
St. Louis Public Radio
BBC World Service
Next Up: 5:00 AM Morning Edition
0:00
0:00
BBC World Service
St. Louis Public Radio
0:00 0:00
Available On Air Stations
Amid orders to cut funding for public media, here’s what you can do to help.

Low Oil Prices Hit Industry Giants Hard

Regular gas cash price is displayed for $1.79 a gallon at a Mobil station January 6, 2015 in Livonia, Michigan. BP and Exxon Mobil attribute their loss in earnings to the steep fall in oil prices. (Joshua Lott/Getty Images)
Regular gas cash price is displayed for $1.79 a gallon at a Mobil station January 6, 2015 in Livonia, Michigan. BP and Exxon Mobil attribute their loss in earnings to the steep fall in oil prices. (Joshua Lott/Getty Images)

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

Copyright 2020 NPR. To see more, visit https://www.npr.org.

Send questions and comments about this story to feedback@stlpublicradio.org.

Support Local Journalism

St. Louis Public Radio is a non-profit, member-supported, public media organization. Help ensure this news service remains strong and accessible to all with your contribution today.