Published on 28 Jan 2022 on Zacks via Yahoo Finance
Will ExxonMobil's (XOM) Upstream Business Aid Q4 Earnings?
Exxon Mobil Corporation XOM is geared up to release fourth-quarter 2021 results on Feb 1, before the opening bell. Since the integrated energy player has significant exposure to the upstream business, a considerable improvement in oil price is likely to have aided the quarterly performance.
Upstream Business
ExxonMobil’s upstream businesses fall under core operations. This segment covers the company’s activities related to exploring and developing oil and natural gas resources. From upstream operations within and outside the United States, the energy giant reported earnings of roughly $9.7 billion for the first nine months of 2021.