Analytical Article on Current Affairs of Exxon Mobil Corporation (XOM)
Exxon Mobil Corporation, commonly known as XOM, is a multinational oil and gas company that is listed on the New York Stock Exchange under the ticker symbol XOM.The company has a market capitalization of $487.15B and shares outstanding of 4.4B.
In recent news, Exxon Mobil Corp closed at $110.84 on Friday, which is 15.74% above its 52-week low of $95.77 set on January 22, 2024. The stock has a 52-week range of $95.77 to $126.34. This indicates that the stock has experienced a significant increase in value over the past year.
According to 19 analysts, the average rating for XOM stock is "Buy." This suggests that the majority of analysts have a positive outlook on the company's future performance. The 12-month stock price forecast is $130.29, which indicates a potential increase of 17.55% from the current price.
Exxon Mobil Corporation is ranked 20th out of 267 stocks in the oils/energy sector, according to MarketBeat. This high ranking indicates that the company has performed better than 92% of its peers in the sector.
Technical charts show that Exxon Mobil Corporation stock is down 7.15% since 30 days ago. This decline in value could be attributed to various factors such as changes in oil prices, market conditions, and company-specific events.
The next earnings date for Exxon Mobil Corporation is scheduled for January 31, 2025. This date is important for investors as it provides an opportunity to assess the company's financial performance and make informed investment decisions.
It is worth noting that Exxon Mobil Corporation has a strong presence in the global refining operations and substantial chemical assets. This diversification allows the company to mitigate risks associated with fluctuations in oil prices.
In conclusion, Exxon Mobil Corporation (XOM) is a multinational oil and gas company that has experienced a significant increase in stock value over the past year. Analysts have a positive outlook on the company, and technical charts show a recent decline in stock value. Investors should closely monitor the next earnings date to make informed investment decisions.
