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What’s the Outlook for ExxonMobil’s Segments?

What’s the Outlook for ExxonMobil’s Segments?

Before we proceed with the 1Q18 segmental outlook, let’s look at ExxonMobil’s (XOM) 4Q17 segmental performance. ExxonMobil’s (XOM) adjusted upstream earnings increased from $1,493 million in 4Q16 to $2,518 million in 4Q17. The rise in upstream earnings was due to a surge in crude oil prices in 4Q17 over 4Q16. Brent prices, which averaged $50 per barrel in 4Q16, increased to $61 per barrel in 4Q17.