Exxon MobilLong
$XOM Exxon Moves higher as earnings were better than feared.
Entry level $69.20 = Target price $74 = Stop loss $67
Earnings were not fantastic but not as bad as expected, so we could see somewhat of a relief rally in the coming days.
Indicators are bullish having reset.
P/E ratio 16.55
Yield 5.07%
Company profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.
Earnings were not fantastic but not as bad as expected, so we could see somewhat of a relief rally in the coming days.
Indicators are bullish having reset.
P/E ratio 16.55
Yield 5.07%
Company profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.
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