Give Exxon Mobil The Benefit Of The Doubt

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About: Exxon Mobil Corporation (XOM)
by: Dividend Stream
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Dividend Stream
Long only, long-term horizon, growth at reasonable price, dividend investing
Summary

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