XOM net debt should exit 2Q ~$55B, up from ~$48B at  end 1Q, putting debt/cap ~23% (assuming no impairments)

Without impairments, we expect XOM to end 2Q at its highest debt/cap ratio this century

$XOM had $10B debt in ‘09 when it acqd XTO.  Now it’s crossed the $50B threshold https://t.co/t9tVJu5dDU