How Will Exxon Mobil’s Production Progress In The Next Five Years?
Since mid-2014, commodity prices across the globe have been on a downhill spree, due to the mismatch between the demand and supply of commodities, particularly crude oil. Lower commodity prices have resulted in weak price realizations for oil and gas companies, forcing these companies to restrict their exploration and drilling activities. This, in turn, has caused a notable drop in their production as well as their revenues over the last two years. Below, we show how Exxon Mobil‘s upstream production has been hit by the ongoing slump.
Based on the current market trends and our estimates, we expect the crude oil prices to average at around $50 per barrel by the end of 2016. As a result, we forecast Exxon Mobil’s production to remain weak in the second half of this year. However, we expect commodity prices to improve gradually over the next five years, resulting in a steady improvement in Exxon Mobil’s production.
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Have more questions about Exxon Mobil (NYSE:XOM)? See the links below:
- Why Will Exxon Mobil’s Upstream Operations Drive Its Value Even In The Future?
- How Will Exxon Mobil’s Revenue Move If Crude Oil Prices Average At $50 Per Barrel Until 2018?
- How Will Exxon Mobil’s Revenue Move If Crude Oil Prices Rebound To $100 Per Barrel By 2018?
- Should Investors Worry About Exxon Mobil’s Increasing Debt?
- Exxon Mobil 2Q’16 Results: Are They As Bad As They Appear?
- Exxon Mobil To See A Notable Drop In Its 2Q’16 Earnings Despite Moderate Recovery In Commodity Prices
- Who Will Acquire InterOil? – ExxonMobil Or Oil Search
- What’s Exxon Mobil’s Revenue & Earnings Breakdown In Terms of Different Products?
- What’s Exxon Mobil’s Fundamental Value Based On Expected 2016 Results?
- How Has Exxon Mobil’s Revenue Composition Changed In The Last Five Years?
- What Has Led To More Than 30% Decline In Exxon Mobil’s Revenues & EBITDA In The Last Five Years?
- By What Percentage Can Exxon Mobil’s Revenues Grow Over the Next Five Years?
- Why Crude Oil & NGLs Operations Are 2x As Valuable As Refined Petroleum Products Operations For Exxon Mobil?
- Why Is Exxon Mobil’s Crude Oil & NGL’s EBITDA Margin Greater Than Its Refined Products EBITDA Margin?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Exxon Mobil
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