Revenue loss: ExxonMobil lost $1.1 billion in the second quarter, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. The oil giant brought in $32.6 billion in revenue during the second quarter, less than half of what it brought in during the same time last year. The quarter was one of the worst on record for the oil industry. The price of a barrel of benchmark U.S. crude fell below $0 in April, a stunning downfall that had not before been seen in the industry. Read the full story.
ICYMI: The SEC has revealed how the fall football season for the reigning national champion LSU Tigers will shape up, after months of speculation and questions, WAFB-TV reports. The SEC has officially announced its teams will play a 10-game, conference-only schedule. The league also declared games won’t kick off until September 26 and the SEC Championship has been pushed back to December 19. Read the full story.
Locked out: Former Ku Klux Klan leader David Duke has been banned from Twitter for breaking the social media platform’s site’s rules forbidding hate speech. The company said this morning that Duke’s account “has been permanently suspended for repeated violations of the Twitter rules on hateful conduct.” It didn’t specify what exactly Duke posted that triggered the ban, but its policy on hateful conduct prohibits promoting violence or threatening attacks against people based on religious affiliation, race and ethnic origin. Read the full story.