ExxonMobil's Focus On Margins Rather Than Growth Will Help It Cash In On Tight Supply

Exxon’s Low-Cost Assets Continue to Deliver ___ ExxonMobil reported record production from the Permian and Guyana operations, leading to a 15% increase in total net production. Upstream assets and the integration of Pioneer Natural Resources contributed to an 11% YoY increase in revenue, and a 15.8% increase in operating income.