Soft Crude Oil Prices Likely Ahead: What it Means for ExxonMobil

Key Takeaways WTI sits above $60 but below year-ago levels, creating a softer backdrop for XOM's upstream business.ExxonMobil operates cost-advantaged assets in the Permian and Guyana, but lower oil prices hurt profits.XOM's strong balance sheet and lower debt exposure offer flexibility to navigate a low-price period.According to data from OilPrice.com, the price of West Texas Intermediate (WTI) crude is trading above $60 per barrel, down significantly from the year-ago level. The pricing environment was re ...