While it’s no longer a hidden secret, ExxonMobil’s Shale Assets continue to be major destroyers of capital. This is also true for most of the U.S. Fracking Industry, but it’s especially true for the country’s largest oil company as it continues to throw away good many after bad into its Shale Oil Black Hole…
ExxonMobil is counting on using SuperFracks to increase its Permian shale oil production… or that’s the hope. This is a terrible sign because these SuperFracks may add more production on the front end, but the decline rate at the backside is much more severe. As ExxonMobil pumps in a record amount of fracking sand…
Debt levels at the two largest oil companies in the United States surged this year due to low oil prices and falling demand. While the global oil industry experienced financial hardships due to the pandemic, the worst damage occurred in the domestic U.S. shale oil sector. For example…
The global contagion that negatively impacted the oil industry couldn’t have come at a worse time for ExxonMobil. After the company increased its long term debt by $12 billion over the last year, ExxonMobil may have to borrow even more money to continue paying dividends and capital expenditures (CAPEX). The…
ExxonMobil, the largest oil company in the U.S. and a direct descendant of John D. Rockefeller’s Standard Oil, days are numbered. The once-great profitable oil giant is now borrowing money just to pay dividends. How long can this charade go on? Good question. Now, some may believe that ExxonMobil was…
There’s trouble brewing in the U.S. largest oil company while most investors remain in the dark. ExxonMobil added a record number of wells in the Permian during the first three quarters of 2019, only to see the company’s oil production plateau. What a difference in a year when Exxon bragged…