XOM's Integrated Business Model Shields Earnings Amid Lower Oil Prices
Key Takeaways XOM expects upstream earnings to be weighed down sequentially as lower liquids prices pressure results.Lower crude prices cut feedstock costs, lifting XOM's refining gains and supporting downstream profitability.XOM sees industry margin changes adding up to 200M to Specialty Products.Exxon Mobil Corporation (XOM) , the integrated energy giant, has recently warned that its upstream earnings are expected to have been weighed down sequentially due to lower liquids pr ...