Exxon Mobil Set For A Breakout (Rating Upgrade)


  • OPEC’s decision to extend supply cuts until the end of 2025 is bullish for energy companies like Exxon Mobil.
  • Exxon Mobil could benefit from the strength of the U.S. economy, with robust job creation and wage growth.
  • The combination of OPEC’s supply cuts and a strong U.S. economy creates a positive outlook for Exxon Mobil’s earnings and free cash flow.
Exxon Service Station Convenience Store Under Construction With Copy Space

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The Organization of Petroleum Exporting Countries could be poised to create substantial profit tailwinds for large energy companies like Exxon Mobil Corp. (NYSE:XOM).

OPEC last week decided that it would extend cuts to its crude oil supplies to the end

Analyst’s Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. 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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