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Exxon Mobil: As Long As That Kind Of Free Cash Flow Rolls In, I Am Not Going To Be Concerned

After ConocoPhillips (NYSE:COP) and Chevron (NYSE:CVX) already reported fourth quarter earnings last week, Exxon Mobil (NYSE:XOM), the world's largest oil company, reported its earnings yesterday. As everyone expected, lower oil prices impacted Exxon Mobil's business in the last quarter of 2014. ConocoPhillips also took an earnings hit in light of collapsing crude oil prices and Chevron reported a $2.2 billion decline in year-over-year upstream earnings for the same reason. Despite the short-term headwinds from oil prices, oil companies including Exxon Mobil make extraordinary value…