ExxonMobil Is Thriving Despite Falling Oil Prices

Despite global crude prices slipping to the mid‑$60s per barrel, ExxonMobil is not just holding steady — it’s thriving. The oil‑and‑gas giant has leaned into aggressive cost‐cutting, aiming for an $18 billion reduction in operating expenses by 2030, which is helping shield it from weaker oil markets. In addition to slimming down, ExxonMobil is increasing its focus on high‑margin operations in the Permian Basin and Guyana, and steering into low‑carbon opportunities — moves that analysts say give it an edge in a low‑price environment. While many of its peers are bracing for pain, Exxon’s strategy appears to be paying off: stronger earnings, resilient cash flow and a business model built for “lower‑for‑longer” oil prices. #EnergySector #ExxonMobil #OilPrices #CostEfficiency #SlimScan #GrowthStocks #CANSLIM