In the past few days, both ExxonMobil and Chevron released results for the first quarter. Each reported results that beat consensus estimates. Today I want to take a closer look at ExxonMobil’s earnings to see what it may imply about the energy sector.
ExxonMobil is the world’s largest publicly traded, integrated oil and gas company. It is integrated because it has upstream (production), midstream (transportation), and downstream (refining) assets.
