Key Upstream Assets Fueling ExxonMobil's Long-Term Outlook

Key Takeaways XOM's Permian and Guyana assets support a strong production outlook and improving upstream performance.XOM expects upstream output to reach 5.5MM boe/d by decade's end, with key assets driving 65% of volumesXOM shares rose 38.3% in a year and trade at a 9.72X EV/EBITDA, above the industry's 5.94X average.Exxon Mobil Corporation (XOM) has a strong footprint in the Permian, the most prolific oil and gas play in the United States, and offshore Guyana. In the Permian, the integrated giant has been ...