June 7, 2017 / 8:23 PM / 2 months ago

BRIEF-Moody's changes Exxon Mobil's outlook to stable, rating affirmed

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June 7 (Reuters) - Exxon Mobil Corp

* Moody's changes Exxon Mobil's outlook to stable; AAA rating affirmed

* Moody's-Operating cost reductions, efficient capital spending has restored Exxon's ability to fund capital reinvestment needed to generate free cash flow

* Moody's says stable outlook reflects expectation that Exxon's credit metrics will significantly improve through 2019 from 2016's cyclically low levels

* Moody's says "reserve replacement remains a challenge for Exxon Mobil and its peers" Source text for Eikon: Further company coverage:

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