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EXXON MOBIL CORPORATIONEXXON MOBIL CORPORATIONEXXON MOBIL CORPORATION

EXXON MOBIL CORPORATION

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XOM trade ideas

Technical analysis update: XOM (8th May 2021)XOM currently shows very high correlation with oil price. This coincides with our bullish outlook for oil prices. Furthermore, technical analysis of RSI and MACD remains bullish. We also see buildup in volume. Because of that we would like to upgrade our short term price target for Exxon Mobil to 65 USD per share. We believe that XOM will break above resistance at 62.55 USD during the next week. We view this as possible catalyst for move up. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:XOMLong
by Tradersweekly
Exxon-Mobil Corp. (XOM)The company announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, or $0.01 per share assuming dilution. First quarter capital and exploration expenditures were $3.1 billion, $4 billion lower than the first quarter of 2020. Oil-equivalent production was 3.8 million barrels per day, up 3 percent from the fourth quarter of 2020. Excluding entitlement effects, government mandates and divestments, oil-equivalent production was up 2 percent. During severe winter weather in Texas in February, ExxonMobil cogeneration facilities generated 400 megawatts of electricity, helping to power about 200,000 homes. The severe weather event reduced first quarter earnings by nearly $600 million across all businesses from decreased production and lower sales volumes, repair costs, and the net impact of energy purchases and sales. All affected facilities have resumed normal operations. Exxon Mobil shares offer strong total return possibilities to 2024-2026. Recovery potential is relatively attractive if the expected comeback in fuel demand takes place. Meanwhile, the dividend provides strong income. • Cash flow from operating activities of $9.3 billion fully funded dividend and capital expenditures, and drove debt reduction of over $4 billion. • Lowered cash operating expenses versus the first and fourth quarters of 2020; on pace to deliver additional structural cost savings.
NYSE:XOMLong
by mgiuliani
5
XOM: "on the road again!"XOM is bouncing off the yellow support line and is heading to its 52 weeks high before its earnings on April 31st. All indicators are in favor of this bullish movement. You see a double bottom on the chart, and RSI which is rising, and the MACD that is about to cross up. Don't forget to check out the stop loss and make sure to set it as soon as you placed your trade. Nothing is guaranteed in this giant casino! Anyways, this is a ~2:1 risk ratio trade and has a high chance of successful execution.
NYSE:XOMLong
by MarkitMaven
1