Exxon Mobil: Slowly Moving Towards Its Growth Strategy

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About: Exxon Mobil Corporation (XOM)
by: Gaurav Agnihotri
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Gaurav Agnihotri
Oil & gas, energy
Summary

Upstream business may remain flat in 4Q19.

Downstream and Chemical business will disappoint yet again in 4Q19.

Exxon has made excellent progress in Permian and Guyana projects.

Oil prices may support Exxon Mobil's financial performance in 2020.

I firmly believe that Exxon Mobil's (XOM) 4Q19 earning results (due on January 31st, 2020) will disappoint the markets without creating any significant impact on its stock price. I say this after looking