ExxonMobil Posts Improved Earnings Despite Production Slides in the Second Quarter
There was never a real concern that ExxonMobil (NYSE: XOM) would crumble under the weight of the most recent collapse in the oil and gas market. Its rock-solid balance sheet and conservative management were built to handle these sorts of downturns. What is of greater concern is the company's oil and gas production, which since the beginning of 2016 has declined more than 9%.
While ExxonMobil's second-quarter earnings didn't assuage any of these production concerns, management did seem to acknowledge the issue by green-lighting some new capital projects. Here's a quick look at the company's most recent quarter and some of the new investments on the horizon.
Image source: Getty Images.
Source: Fool.com
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