Exxon (XOM +1.3%) has missed its targets in back-to-back quarters, and oil-equivalent production remains flat, but it is making strides to improve production in future quarters, an Edward Jones analyst says. In its conference call, XOM said it's now operating 10 rigs in the Bakken shale field and efforts to produce oil out of its Kizomba project in Angola are running ahead of schedule.
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