ExxonMobil’s Secret Weapon Against Low Oil Prices
Everyone is familiar with oil giant ExxonMobil, so it should be no surprise that investors have kept XOM shares under pressure as oil prices hover near lows that would have been unthinkable a few years ago. What many investors do not realize though is that Exxon is more than just an oil company – the firm also owns the fourth-largest chemical company in the world, ExxonMobil Chemical.
ExxonMobil Chemical gets a lot less attention that the oil and gas operations of the parent company, which is unfortunate because those chemical assets have significant value as well and should help to ensure that XOM’s profits remain positive (excluding write-offs) regardless of what happens to oil prices.
T
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.
2) SUBSCRIBE to Pipeline & Gas Journal magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the PGJ archives per month. $199 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the PGJ Archive, access to all special reports, special focus supplements and more. $1,395 for an annual subscription. For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.
*Access will be granted the next business day.
Comments