Reasons to Retain ExxonMobil Stock in Your Portfolio Now
XOMExxonMobil(XOM) ZACKS·2024-10-04 22:20

Over the past seven days, Exxon Mobil Corporation (XOM) has witnessed upward earnings estimate revisions for 2024. This leading integrated energy player has a Zacks Rank #3 (Hold) at present.What's Favoring XOM?The West Texas Intermediate crude is approaching the $75-per-barrel mark. The favorable trajectory in oil prices is a boon for ExxonMobil’s upstream operations. In the Permian Basin – the most prolific oil and gas resource in the United States – and offshore Guyana, it has a solid pipeline of profita ...