Exxon Mobil Corporation’s Stock Price Soars to $119.28, Marking a Significant 1.96% Uptick

Exxon Mobil Corporation (XOM)

119.28 USD +2.29 (+1.96%) Volume: 19.9M

Exxon Mobil Corporation’s stock price soars to 119.28 USD, marking a promising +1.96% increase this trading session with a high trading volume of 19.9M, and a robust year-to-date performance, up by +19.30%.

Latest developments on Exxon Mobil Corporation

Exxon Mobil Corp’s (NYSE:XOM) stock price has seen movement in recent days, outperforming the market on several occasions. This comes amid news of ExxonMobil and CNOOC challenging Chevron’s Guyana acquisition, and the launch of the company’s new wax product brand, Prowaxx™. Meanwhile, ExxonMobil has been accused of ‘greenwashing’ over a carbon capture plan it failed to invest in. In addition, the company is set to announce its quarterly earnings on Wednesday, with analysts at TD Cowen raising Exxon Mobil‘s price target to $120.00.

Exxon Mobil Corporation on Smartkarma

Exxon Mobil Corporation has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to reports by Baptista Research, the company has shown strong results in its fourth quarter of 2023, highlighting its efficient business practices and commitment to employee safety and standards. This success has been attributed to significant progress in various areas such as project building, technology deployment, supply-chain management, and trading. Baptista Research also conducted an independent valuation of the company using a Discounted Cash Flow methodology to evaluate its potential future price.

However, not all analyst reports have been bullish on Exxon Mobil Corporation. Another report by Baptista Research highlighted the company’s inability to meet Wall Street’s revenue and earnings expectations, resulting in a disappointing set of results. Despite this, the company still reported a significant increase in earnings, reaching $9.1 billion in the quarter. In their report, Baptista Research conducted a fundamental analysis of the company’s historical financial statements to gain a better understanding of its performance. As Exxon Mobil continues to be closely monitored by analysts, it will be interesting to see how the company navigates through these mixed sentiments in the future.

A look at Exxon Mobil Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Exxon Mobil Corporation is a global company that is involved in the production of oil and gas, as well as electric power generation and the manufacturing of fuels, lubricants, and chemicals. The company’s long-term outlook, as indicated by the Smartkarma Smart Scores, is looking positive. With a score of 4 for both dividend and growth factors, Exxon Mobil is expected to continue providing strong returns for investors. Additionally, the company’s momentum score of 4 suggests that it is performing well in the market and could see continued success in the future.

Despite facing challenges in the industry, such as fluctuations in oil prices and increasing competition, Exxon Mobil has maintained a strong overall outlook. The company’s resilience score of 3 indicates that it is well-equipped to handle these challenges and continue its operations. While its value score may not be the highest at 3, the fact that it still scores above average suggests that Exxon Mobil is a solid investment option. Overall, based on the Smartkarma Smart Scores, Exxon Mobil is poised for long-term success in the petroleum and petrochemicals industries.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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