ExxonMobil (XOM) stocks have been the discussion of investors and analysts in the recent period, with mixed performance and varying projections seen in the market. The energy giant's post Q2 update spurred different opinions on whether to buy, hold, or sell its stocks. From underperformance to a sporadic rise, the company's stocks have attracted immense attention. Significant stakeholders like the
Swiss National Bank have considerable stakes in the company. Similarly, AIA Group Ltd holds a $5.60 million position in the company. Despite expectations of
soft gas prices hurting Q2 earnings, ExxonMobil has taken major steps towards clean energy with the inclusion of Air Liquide to its world’s largest low-carbon hydrogen project. ExxonMobil has also completed acquisitions, notably
Pioneer Natural Resources and Denbury. While some Q1 2024 results missed expectations, the company's stock continues to attract investor attention. In light of ExxonMobil's strategy and actions, holding XOM stocks seems to be a viable long-term investment option. ExxonMobil anticipates a significant earnings growth from 2019 to 2027. Several setbacks such as
weaker gas prices and
lower refining margins are foreseen to impact Q2 earnings. Notably, ExxonMobil has started production at its third offshore Guyana Project and is in talks to pursue more gas development projects.
Exxon Mobil Corporation XOM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 18:07:53 GMT -
Rating 3
- Innovation 2
- Information 7
- Rumor 1
