Climbing rig counts may signal a turnaround, but that's no comfort for Exxon Mobil

11/1/2020

Despite increased drilling activity and strong Q3 results across the board for the supermajors, Exxon Mobil spent the week slashing headcount and planning major asset sales to meet its dividend commitments. In this week's podcast, World Oil editors take a look at where drilling activity is picking up, and what that means for the timeline of a turnaround. Kurt and Cameron also summarize a tough week all around for Exxon Mobil, and some exciting exploration developments off Canada's eastern seaboard.

 

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