ExxonMobil Defies Dismal Energy Market, Sticks to Spending Plans--Including U.S. Drilling

SUGAR LAND--February 4, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--The new year hasn't been so happy for the energy sector: Oil prices plunged on the outset, and industry leaders and analysts expect the slump to continue throughout much of the year. Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) is among the hardest-hit, with a full-year profit that stands as its third-lowest since 2000. But Exxon is not cutting its capital-spending outlook. Industrial Info is tracking more than $84.5 billion in active Exxon projects worldwide, including more than $2.6 billion worth that are set to begin construction in the U.S. and Canada in the first half of 2020.

Within this article: Details on some of the highest-valued Exxon projects that are set to kick off in North America through the end of June, including oil and gas drilling developments in the Permian, Gulf of Mexico and Canadian Oil Sands.

Other companies featured: Imperial Oil Limited (TSX:IMO), Chevron Corporation (NYSE:CVX)