ExxonMobil's (XOM +0.2%) 7.5% Y/Y decline in oil and gas output (Q3 earnings) shows how hard it...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

ExxonMobil's (XOM +0.2%) 7.5% Y/Y decline in oil and gas output (Q3 earnings) shows how hard it is for the energy giant to keep replacing declining production, let alone grow, Christopher Helman writes. It’s becoming clear that only through JVs with giant state-controlled companies in places such as Russia or Qatar that XOM can generate meaningful growth.