30.03.2015 - Exxon Mobil has shown strong results
The largest US oil company Exxon Mobil said that in the 3rd quarter revenue rose by 2.5% on higher profits from refining assets and successful marketing strategies that helped offset losses from the fall in oil prices. In the last quarter, production fell by 4.7%, but according to the company, goals set for this year will be achieved. The company recently launched new projects in Canada and Papua New Guinea, but developments in Russia were stopped due to US sanctions. Given the positive statements of the company and the forecast of increase in oil prices at the end of the year, we expect price growth in the medium term by 20-25%.