Profit loss aside, having a positive cash flow in a lower-price environment could put oil and gas companies in a buying mood. Talk following the release of Exxon- Mobil Corp.’s second-quarter 2015 earnings, which fell 52% quarter-over-quarter to $4.2 billion, turned to M&A activity. While Jeff Woodbury, the company’s vice president of investor relations and secretary, did not reveal any specifics he did say ExxonMobil is always alert to value opportunities so it’s business as normal.
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