The second quarter was one of the worst on record for the oil business.
Exxon lost $1.1 billion April through June, with revenue half what it was this time last year.
Chevron lost $8.3 billion, while last year they had earned $3.4 billion.
The US oil industry has lost at least 100,000 jobs post-February, 45,000 of those were upstream Texas jobs in oil and gas.