Where Will ExxonMobil Be in One Year?
Short-term oversupply paired with what is realistically a 20% or more decrease in demand has crippled oil prices. Hovering in the $20 to $30 range, oil prices are at levels simply unprofitable for most companies in the industry.
As one of the largest integrated oil and gas companies in the world, ExxonMobil's (NYSE: XOM) response to this low oil environment provides a good indicator for what to expect from the industry this year.
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Source Fool.com
