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Exxon Mobil taking downturn in stride

2015-11-11 21:42:57| Chemicals - Topix.net

The oil market collapse, which has claimed thousands of Houston jobs and devastated the city's petroleum industry, is practically a comfort zone for Exxon Mobil Corp. So far, the giant oil company based in the Dallas suburb of Irving has escaped the worst of the downturn, watching from behind a fortress of cash as its rivals scrap major drilling projects and cut deep into budgets and payrolls. But it isn't corporate voodoo that has kept Exxon Mobil levitating above all of that.

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