Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Exxon Mobil's Revenues And Earnings Drop 21% As Oil Prices Weigh Down Upstream Segment

Exxon Mobil (NYSE:XOM) posted its fourth quarter and full year earnings release, posting declines in revenues and earnings. Despite the setback, the company was able to deliver an earnings beat. Oil price volatility was seen weighing down the earning capacity of the upstream segment. With share buyback budget lowered for the next quarter, the company's plan for capital budget is still…