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.
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Source: Fool.com
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