Exxon Mobil Will Likely Push The Boundaries Of Energy Production

STEFANI REYNOLDS/AFP via Getty Images Exxon Mobil (NYSE:XOM) posted a mixed end of FY23 with strong production being offset by softer commodities pricing from their upstream, refining, and chemicals segments. Though these headwinds are expected to persist with JPMorgan commodities analysts anticipating Brent to reach $83/bbl mid-2024, I do expect a continuation of a soft chemicals market as we navigate this coming year. Despite these challenges, management is being proactive in their cost-cutting initia ...