ExxonMobil Offsets Oil Price Plunge with Chemical Profits in 2014, Sets Record for Upstream Kickoffs

SUGAR LAND--February 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.