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Is ExxonMobil’s Earnings Mix Changing?

Michelle Rey
Is ExxonMobil’s Earnings Mix Changing?

In the first quarter, earnings from ExxonMobil’s (XOM) Upstream segment rose year-over-year. ExxonMobil’s Upstream earnings increased year-over-year from ~$2.3 billion to ~$3.5 billion in the first quarter. ExxonMobil’s (XOM) peer Royal Dutch Shell’s (RDS.A) Upstream segment earnings rose almost threefold year-over-year to $1.6 billion in 1Q18 on an adjusted basis.