As sovereigns become more protective of their resources Exxon mobile will find it more difficult to increase their reserves.
Record high commodity prices created large profits. Petroleum pricing is very down. Exxon Mobile profits are shrinking pro-rata.
Exxon Mobile is slow to sign contracts. This may slow revenue growth as they do not jumpo at every deal. This will also help kept investments clean and properly priced.
George Gutowski writes from a caveat emptor perspective.