Crude Oil Price Will Likely Remain Soft: Will ExxonMobil Suffer?

Key Takeaways WTI crude hovers near $60, pressuring upstream earnings at ExxonMobil, which relies on upstream profits.XOM's Permian and Guyana assets have advantages, while a 13.6% debt ratio adds flexibility.XOM shares rose 21.7% over a year and trade at 8.20X EV/EBITDA, above the industry's 5.22X average.According to data from OilPrice.com, the price of West Texas Intermediate (WTI) crude is hovering around $60 per barrel, down significantly from the year-ago level. This is hurting the upstream business o ...