ExxonMobil Has Built a Juggernaut in the Oil Patch
ExxonMobil (NYSE: XOM) has built a premier oil company. The energy giant has an unrivaled asset base. It controls a treasure trove of low-cost oil and gas around the world. The company also has an integrated products solutions business in chemicals and refining that enables it to maximize nearly every molecule of hydrocarbons it produces. The oil company's competitively advantaged asset base has enabled it to produce unrivaled earnings and returns compared to its peers in the oil patch. Here's a closer look at Exxon's dominance over its rivals, which could continue for many years to come.ExxonMobil CEO Darren Woods showcased the strength of the company's portfolio and strategy when speaking on the fourth-quarter earnings conference call: Continue reading
ExxonMobil (NYSE: XOM) has built a premier oil company. The energy giant has an unrivaled asset base. It controls a treasure trove of low-cost oil and gas around the world. The company also has an integrated products solutions business in chemicals and refining that enables it to maximize nearly every molecule of hydrocarbons it produces.
The oil company's competitively advantaged asset base has enabled it to produce unrivaled earnings and returns compared to its peers in the oil patch. Here's a closer look at Exxon's dominance over its rivals, which could continue for many years to come.
ExxonMobil CEO Darren Woods showcased the strength of the company's portfolio and strategy when speaking on the fourth-quarter earnings conference call:
