XOM Stock Up Over 2.30%: Buyers Close?
XOM stock rose by more than 2.30% intraday. Are buyers about to take over?
XOM Stock went up by 2.30% on June 2, 2023. Its closing price was $105.76. The stock began at $105.16 and had a high of $106.13 and a low of $104.53 during the session. This was a 2.32% increase from the previous day’s trading prices.
The price of XOM Stock went up by 2.30% on June 2, 2023 and finished trading at $105.76. At the beginning of trading, the stock was priced at $105.16. The highest and lowest prices for the day were $106.13 and $104.53 respectively. Compared to prices on June 1, the stock rose by 2.32%.
XOM Stock went up in the past three trading days. But before that, the prices went down by 3.04% in one month and 3.90% in three months.
The indicators show that now might be a good time to buy or keep XOM stock. Technical indicators are neutral, not suggesting anyone buy or sell. Analysts think the price will be $127.10 in a year.
ExxonMobil's Income And Profits
ExxonMobil earned more money than expected lately, except in Q2 2022. They made $86.56 Billion in Q1 2023, which is 1.07% over the estimate.
In the first quarter of 2023, Earning Per Share went up by almost 8.86%. It has been steadily growing in recent quarters. Right now, ExxonMobil's market capitalization is at $427.58 Billion.
ExxonMobil has mostly free-floating shares, according to TradingView. Only 0.19% are closely held. The company's gross profit is 26% out of their total revenue. Their net income is 14%. The rest of the revenue is made up of EBITDA and EBIT.
ExxonMobil gets most of their money from the Energy industry by selling their stuff outside the US. Almost one-third of their money comes from the US and nearby places.
ExxonMobil sells most of its products to countries like Singapore, France, Italy, Australia, Canada, the United States, Belgium, and some other places. They didn't make as much money in 2022 as they expected. Their revenue was 2.88% lower than they thought it would be, and they had $12.26 Billion less money.
On December 14, 2009, Exxon Mobil got Jurong Aromatic Corporation for $2 Billion plus. They also got XTO Energy for $41 Billion and Celtic Exploration Ltd for over $2 Billion. Moreover, they acquired InterOil Corporation, a company that cost them $2.5 Billion. Finally, they got MPM Lubricants too but, no one knows how much they paid.
The oil and gas company likes Brazil and wants to invest more there. They will keep looking for ways to make more money and grow their business in Brazil.
Some big players in the market that Exxon Mobil is competing against are Shell, Saudi Aramco, PetroChina, Chevron, and China Petroleum & Chemical Corporation.
Exxon Mobil has some big subsidiaries: XTO Energy, Tengizchevroil, Imperial Oil, Esso Public Company Limited, SeaRiver Maritime, Aera Energy, and Exxon Neftegas.
The author's ideas and opinions are only for information. They are not financial advice. Investing in crypto can be risky and result in financial loss.
Andrew loves blockchain and cryptocurrencies. He got into it after finishing school. He is good at noticing little things and writing. He's also a developer. Knows a lot about blockchain, which helps his writing stand out.
Andrew Smith's most recent blog articles can be found below.
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