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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