Exxon Mobil: Preparing For A Changing World

Summary:

  • Exxon Mobil’s profits have been impacted by lower oil prices this year, but the company has used its strong cash flows to invest in the future.
  • The company’s earnings power is still strong, despite the drop in oil prices, and it has made strategic acquisitions to fortify its domestic production and improve its ESG practices.
  • Shares of Exxon Mobil have been range-bound between $100 and $120, but there may be value emerging if they fall to the $90s mark.

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Michael M. Santiago

Little over a year ago, I called the performance of Exxon Mobil (NYSE:XOM) impressive. The company was firing on all cylinders, notably its exploration and refining activities, and while the diversified nature of the business served the company well, it remained


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