Will Chemicals Save ExxonMobil
Its upstream and downstream segments typically get all the attention, but if it were a stand-alone business, ExxonMobil (NYSE: XOM) Chemical would be the world’s fifth largest chemical company. With its upstream segment struggling from collapsing oil prices, the chemicals segment grew from 12% of earnings to 24% in just one year. Unless oil quickly rebounds, this long-forgotten segment will remain an important driver of positive earnings.
What can investors expect from Exxon’s chemicals division?
A critical contributor to diversification
Here’s a look at the company’s earnings based on each business segment
Source: http://www.fool.com/investing/general/2016/04/25/will-chemicals-save-exxonmobil.aspx
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