Exxon faced setbacks in downstream and LNG demand in the second quarter.
Shares dropped 3% on the earnings announcement.
Exxon has a terrific backlog of projects in West Texas, Brazil, Guyana and elsewhere.
Last week Exxon Mobil (XOM) gave its second-quarter earnings results and the market wasn't too pleased. Shares dropped around 3% on the day of the earnings announcement. This was presumably due to a