Exxon Mobil Corporation's (XOM) market stance has been garnering increased attention with an influx in company's stock being bought up, including purchases by InvesTrust, St Germain D J Co. Inc, Fulton Bank N.A., and Innova Wealth Partners among others. Despite a warning of
weak Q4 profits, analysts retain a
Moderate Buy perspective on the firm alongside a company insider upping their holding by 105% and various hedge funds signaling it as a promising energy stock.
ExxonMobil disclosed plans to zexpand its
advanced recycling capacity and has initiated some leadership changes. Further, it has indicated that falling oil prices may impact its upcoming earnings while it also faces a potential $0.9 billion reduction in Q4 upstream profits due to oil price drop. Despite setbacks, their stock bounce back, it was up 1.7%, indicating resilience. Exxon Mobil has also been implicated in a
defamation lawsuit over recycling attacks.
Exxon Mobil Corporation XOM News Analytics from Fri, 03 May 2024 07:00:00 GMT to Fri, 10 Jan 2025 21:31:00 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -1
