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Reading: Exxon Mobil’s Strategy: Be a Lean, Mean Cash Machine
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The Wall Street Publication > Blog > Markets > Exxon Mobil’s Strategy: Be a Lean, Mean Cash Machine
Markets

Exxon Mobil’s Strategy: Be a Lean, Mean Cash Machine

Editorial Board Published October 29, 2021
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Exxon Mobil’s Strategy: Be a Lean, Mean Cash Machine
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Crude oil and natural gas prices are at multiyear highs, but oil-major executives can’t exactly rest easy these days—especially not those at Exxon Mobil.

Thanks to increasing energy prices, oil producers hit a financial gusher last quarter. Exxon’s cash flow from operations in the third quarter was $12.1 billion, the highest since the third quarter of 2014, when Brent crude oil was trading closer to $100 a barrel. Its peer Chevron reported $8.6 billion of cash flow from operations and record free cash flow on Friday.

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