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Exxon's Diversity Doesn't Help in Times Like These

At a time when the world's major economies are struggling in tandem, companies like ExxonMobil (NYSE: XOM  ) seem to have lost the advantage that typically accompanies global diversity. When times were good, Exxon and companies like it were insulated from one-off, regional events. My how times have changed -- this oil and natural gas producing behemoth even had to go so far as to cut its share buyback expectations, which is a rare occurrence for shareholders to endure.

In the company's latest earnings release domestic and international struggles surfaced in the form of year-over-year revenue decreases in its two main segments: upstream and downstream operations. Luckily, and ironically, for Exxon, its chemical division bailed it out. Did peers like Chevron (NYSE: CVX  ) and BP (NYSE: BP  ) suffer the same fate? Check out the video below to find out.

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Taylor Muckerman

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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Related Tickers

10/8/2015 4:01 PM
XOM $80.03 Up +0.83 +1.05%
ExxonMobil Corp CAPS Rating: ****
BP $35.96 Up +0.25 +0.70%
BP p.l.c. (ADR) CAPS Rating: ****
CVX $89.91 Up +1.79 +2.03%
Chevron CAPS Rating: ****