SOURCE: Industrial Info Resources

Industrial Info Resources

February 03, 2015 06:00 ET

ExxonMobil Offsets Oil Price Plunge With Chemical Profits in 2014, Sets Record for Upstream Kickoffs, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 3, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading oil and gas company Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) sailed rough waters in 2014, as lower commodity prices and a jump in maintenance activity negatively affected profits in the Upstream and Downstream segments, respectively. Still, strong profits in the Chemicals segment offset much of the losses, and a record number of Upstream start-ups helped the company make its plan to produce 4 million barrels of oil equivalent per day. Industrial Info is tracking more than $80 billion in active projects involving ExxonMobil.

Within this article: Details of ExxonMobil's third-quarter 2014 earnings, with details on several key projects, including the construction of an offshore gravity-based structure at the Hebron platform in Canada's Labrador Sea.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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