The Reserve Petroleum Company announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 1.278 million compared to USD 1.600 million a year ago. Operating loss was USD 1.293 million compared to operating Income of USD 350,612 a year ago. Net loss was USD 1.141 million compared to net income of USD 332,335 a year ago. Basic loss per share from continuing operations was USD 7.29 compared to basic earnings per share from continuing operations of USD 2.12 a year ago.