DETROIT — General Motors has hired away Delta Airlines' CFO to fill the automaker's top financial job.

The Detroit-based company said on Friday that Paul Jacobson will start the new position on Dec. 1.

The 48-year-old Jacobson has been the airline's CFO for the past eight years. He'll replace Dhivya Suryadevara, who left GM in August for Silicon Valley payments startup Stripe.

GM said that Jacobson joined Delta as a financial analyst in 1997 and also served as senior vice president and treasurer.

Delta is widely viewed by Wall Street as the best-run U.S. airline, and was the most profitable carrier for the past decade.

NEW YORK — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity.The energy giant on Friday posted a $680 million third-quarter loss and revenue tumbled to $46.2 billion, down from $65.05 billion during the same quarter last year.The string of losses and what by almost all counts will be a money-losing year is new territory for Exxon Mobil, which has not posted an annual loss since Exxon and Mobil merged in 1999.“This is a business that's made a billion dollars a quarter on average from 2011 to 2018 and it's had a rough go,” said Peter McNally, global sector lead for industrials, materials and energy at Third Bridge, a research firm.Already struggling with weak prices from oversupply, the pandemic has intensified the pain for oil and gas companies. The price of U.S. benchmark crude has fallen 40% since the start of the year. The cost for a barrel of oil tumbled 10% just this week as coronavirus infections surged in the U.S. and abroad.Commuting to work has largely ended for millions of people. Air travel this year fell to levels not seen in the jet age and the economy suffered its worst contraction in decades as factories and other big energy consumers shut down. All indications point to a Thanksgiving celebrated close to home, and in smaller numbers this year.A day after announcing 1,900 job cuts, Exxon said on Friday that it plans to cut 15% of its global workforce by the end of next year, about 11,250 jobs. The company employed 75,000 people at the end of 2019.Chevron also announced job cuts Thursday after closing on its acquisition of Noble Energy earlier this month, saying it would trim the headcount at that company by about a quarter.

SEATTLE — Amazon posted record sales and profit for the second consecutive quarter, as it continues to capitalize on a pandemic-driven surge in online shopping.Heavy spending on hiring, expansion and the costs of operating amid COVID-19 may eat into profitability in the fourth quarter, however, as the company gears up for quarterly sales expected to exceed $100 billion for the first time.Amazon said Thursday that its third-quarter revenue was $96.1 billion, up 37.4% from a year earlier, well ahead of the expectations of the company and Wall Street analysts. Profit surged 197% to $6.3 billion, or $12.37 a share, also blowing past forecasts.The company sees no slowdown in the current quarter, which this year included its Prime Day sale, previously held in the third quarter, along with the holiday shopping that typically drives Amazon's annual peak of activity. Amazon executives expect sales in the current quarter of between $112 billion and $121 billion, up 28% to 38%.From combined wire reports