As Europe once again descended into armed conflict, Exxon Mobil (XOM) and the rest of the oil and gas sector enjoyed a cynical boost as U.S.-led sanctions against Russia effectively shelved a large portion of hydrocarbon energy supplies. More recently, though, rising recession fears have cut into Exxon Mobil’s previously bullish narrative. Nevertheless, fundamental catalysts may not be denied. Due to this, I am bullish on XOM stock. Peaking on June 8 of this year, XOM stock closed the session at $104.59. Had the calendar finished out 2022 at that point, Exxon Mobil would have returned shareholders a profit of nearly 65% over the past 365 days.
https://www.tipranks.com/news/article/exxon-mobil-xom-stock-discount-that-may-prove-temporary?utm_source=advfn.com&utm_medium=referral
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Exxon Mobil Charts.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Exxon Mobil Charts.