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SUGAR LAND--October 31, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Ongoing weakness in refining margins and commodity prices led Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) to its eighth consecutive quarter of profit declines and a seven-year low in production. As much as 19% of the company's oil and oil-equivalent reserves could be facing write-downs, which would be its largest de-booking in almost 20 years. Industrial Info is tracking $60.31 billion in active projects involving ExxonMobil, including a planned petrochemicals complex on the Gulf Coast.
Within this article: Details on ExxonMobil's rocky quarterly results and some of its highest-valued projects, including a major joint-venture project with Saudi Basic Industries Corporation (SABIC) and offshore discoveries abroad.
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