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Stock impact report

How ExxonMobil Stays Resilient in a Soft Commodity Pricing Environment [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
The company is rapidly increasing its upstream production from its advantaged assets, which include its Permian resources and Guyana assets. While the recent acquisition of Hess by oil major Chevron gives it a 30% stake in Stabroek Block, offshore Guyana, ExxonMobil still remains the main operator of the Guyana oilfield and owns the largest share with a 45% stake. Due to its involvement in the upstream segment, the commodity pricing environment is crucial to ExxonMobil's overall financial performance. Given the benchmark, West Texas Intermediate ("WTI") spot price is currently trailing below $60 per barrel, it is worth assessing whether XOM's upstream operations can remain profitable in this pricing scenario. The company continues to achieve record oil and gas production from its high-return, advantaged assets. The Permian and Guyana assets are characterized by low breakeven costs, allowing XOM to maintain profitability even in a challenging commodity pricing environment. Further, Show less Read more
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