ExxonMobil's Management Explains Why Investors Shouldn't Worry About Declining Production
Over the past few years, ExxonMobil's (NYSE: XOM) investors have started to get a little concerned with the company's oil and gas production. Or, more specifically, a lack of production growth. Exxon has been known for decades as the steady ship in the stormy sea that invests rather consistently through the ups and downs of the commodity cycle. After a couple of years of belt tightening, though, its project portfolio did look a little leaner than it had in the past.
This past quarter, though, management went out of its way to highlight two parts of its portfolio that should help quell those fears of production decline rather quickly. Here are a few quotes from ExxonMobil's most recent conference call and some background on why these two projects are so monumental for ExxonMobil.
Image source: Getty Images.
Source: Fool.com
Exxon Mobil Corp. Aktie
Volle Unterstützung für Exxon Mobil Corp.: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Die Community erwartet für Exxon Mobil Corp. ein Kursziel von 126 €, was eine Steigerung von über 20% gegenüber 101.96 € bedeuten würde.
