Replies to post #16572 on The Rising Influence of Rising Affluence

[DewDiligence]

No such problems at CVX:

https://www.bloomberg.com/gadfly/articles/2018-04-27/exxon-and-chevron-earnings-battling-for-america-first

[DewDiligence]

XOM—Latest publicity stunt for NYS AG:

https://www.wsj.com/articles/new-york-sues-exxon-over-climate-change-disclosures-1540404374

[DewDiligence]

XOM production down, cash flow up:

https://www.wsj.com/articles/why-exxon-is-touting-connectivity-1541175878

Third-quarter liquids and natural gas production was the equivalent of 3.786 million barrels of crude a day, putting Exxon on pace for its lowest annual figure since merging with Mobil nearly 20 years ago.

But what it did with those barrels was, and will be, impressive. Net income rose by 57% year-over-year… and free cash flow was $16.5 billion.

Despite the turn in its fortunes, the company hasn’t returned to its once-prodigious share buybacks and is instead investing heavily in chemicals, refining and logistics, particularly in North America. By 2025, the company plans its chemicals output to be 40% higher…

Disclosure: No position.