Exxon Mobil Corporation (XOM) relies heavily on its upstream business, with assets in the Permian Basin and Guyana supporting earnings even in low oil prices. Production in Guyana has reached 700,000 barrels per day, with plans to hit 1.7 million Boe by 2030. The company also acquired 80,000 net acres in the Permian Basin for better returns.
ConocoPhillips (COP) and EOG Resources, Inc. (EOG) excel in low-cost production, with assets in key global energy regions. COP’s U.S. Lower 48 operations have a breakeven cost as low as $40 per barrel, while EOG focuses on high-return, low-decline assets. Both companies prioritize financial resilience and cost reduction.
ExxonMobil’s stock has risen 12.9% in the past six months, outperforming the industry average. With a trailing EV/EBITDA of 7.46X, XOM trades above the industry average of 4.78X. Analysts have revised upward the company’s 2025 earnings estimates, and XOM, COP, and EOG currently hold a Zacks Rank #3 (Hold).
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Read more at Nasdaq: How ExxonMobil Plans to Sustain Cash Flows Amid Softer Crude Prices
