NEW YORK (TheStreet) -- Exxon Mobil (XOM) - Get Report shares were up 0.18% to $84.18 in trading on Thursday, outperforming other oil stocks who are declining on falling oil prices, after the company announced that it is resuming drilling at its Point Thomson well on Alaska's North Slope.

The Point Thomson reservoir has an estimated 8 trillion cubic feet of natural gas and associated condensate and is expected to produce about 10,000 barrels of oil and 200 million cubic feet of natural gas per day.

The company, which cut its 2015 capital expenditure budget by $4.5 billion due to falling commodity prices, has spent $2.6 billion along with its partners on the project so far.

"The Point Thomson field is a vital part of unlocking Alaska's North Slope gas resources. The initial production will give us invaluable insight into the potential development of the reservoir," said Jim Flood, ExxonMobil Development Co.'s arctic VP. 

TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXXON MOBIL CORP (XOM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• XOM's debt-to-equity ratio is very low at 0.17 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Despite the fact that XOM's debt-to-equity ratio is low, the quick ratio, which is currently 0.51, displays a potential problem in covering short-term cash needs.
• XOM, with its decline in revenue, slightly underperformed the industry average of 19.8%. Since the same quarter one year prior, revenues fell by 22.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
• The gross profit margin for EXXON MOBIL CORP is rather low; currently it is at 17.91%. It has decreased from the same quarter the previous year. Regardless of the weak results of the gross profit margin, the net profit margin of 8.63% is above that of the industry average.
• Net operating cash flow has decreased to $7,415.00 million or 27.36% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
• You can view the full analysis from the report here: XOM Ratings Report