ExxonMobil's Profits Are About to Fall. Is the Oil Stock Still a Buy?
XOMExxonMobil(XOM) The Motley Fool·2024-10-07 17:22

Exxon is a leader in making money in the oil patch.ExxonMobil (XOM 1.84%) recently gave investors a sneak peek into its upcoming third-quarter earnings report. The oil giant issued a muted outlook, expecting its profit to fall. The main culprit was oil prices, which slumped 17% in the period. While ExxonMobil expects to report lower profits in the third quarter, the oil company is likely to deliver peer-leading results again. That's one of the many factors that make it look like an attractive oil stock to b ...