Why Wall Street is losing patience with energy giant Exxon
By Urvashi Verma Exxon Mobil Corp.’s new CEO Darren Woods announced that the company will spend more on refining operations and acquired projects such as those in the Permian Basin. But the moves aren’t enough to change analysts’ pessimistic forecasts for the company, as higher oil prices hurt the bottom line. Exxon will increase its […]
