ExxonMobil: Capex for 2015 on 'Downward Vector' Amid Industry Down Cycle

SUGAR LAND--August 3, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) is maintaining its capital and exploration expenditure guidance of $34 billion for 2015, but that number is on a "downward vector" as the integrated energy producer continues to cut costs amid low oil and gas prices, according to a company executive. Industrial Info is tracking 225 active ExxonMobil projects worth $79.72 billion.

Within this article: update on capital expenditures by Exxon Mobil Corporation (NYSE:XOM)