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News  ›  The Motley Fool

Lower Oil Prices? No Problem! ExxonMobil Is Thriving in the Current Environment.

The Motley Fool Logo The Motley Fool By Matt Dilallo
Lower Oil Prices? No Problem! ExxonMobil Is Thriving in the Current Environment.

ExxonMobil reported strong Q3 financial results, generating $7.5 billion in earnings despite lower oil prices. The company is achieving record production in Guyana and the Permian Basin, implementing cost-saving strategies, and planning significant investments to expand its upstream and downstream businesses by 2030.

Insights
JPMpK   neutral

Serving as joint book-running manager for the IPO, indicating standard business involvement


XOM   positive

Strong financial performance, record production, successful cost-saving initiatives, strategic investments, consistent dividend growth, and ability to generate earnings in low oil price environments