Exxon Mobil: Outperformance Not Likely To Last


  • Exxon Mobil bulls refuse to back down, eagerly buying the dips and propelling XOM’s momentum from its recent lows.
  • Amidst the hype around XOM, investors must not overlook the stark divergence in price action between XOM and the underlying energy futures market.
  • Investors need to consider the projected earnings decline of Exxon Mobil through 2024 and how it could impact buying sentiments.
  • Don’t wait until it’s too late. Instead, trim some exposure now and brace for a deeper pullback.

ExxonMobil"s Baton Rouge Refinery, Louisiana, USA


Exxon Mobil Corporation (NYSE:XOM) bulls continue to defy gravity as the company reported a record FY22, outperforming the S&P 500 (SPX) (SPY) since our last update in December.

Buyers believe that the “supercycle” will likely lift buying

XOM price chart (weekly)

XOM price chart (weekly) (TradingView)

XOM/BR1 price chart (weekly)

XOM/BR1 price chart (weekly) (TradingView)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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