Stocks Inch Higher as Oil Rises, Wall Street Assesses Economy [TheStreet.com]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: TheStreet.com
All three major U.S. indices rose, with the S&P 500 up 1%. The 10 year treasury yield was pressured, remaining at 0.62%. The 25% up move in the S&P 500 since March 23 has been accompanied by a rise in the price of safe bonds, as the Federal Reserve pumps dollars into the bond market to keep the interest rate environment low. The 10 year yielded 0.85% in late March.With valuations stretching, the rally has lost steam this week. The S&P 500 is down 1.5% for the week as investors gage the speed of lockdown eases and companies’ commentary around a trend towards normalized earnings levels.Nonetheless, oil was leading the charge Thursday, with crude up 21% to above $16 a barrel. The U.S. is a large exporter of oil and many have flagged the sector’s importance in terms of employment. Some expected oil companies to go through a second round of capital expenditure cuts as prices and demand have fallen off a cliff. Some even warn of oil bankruptcies in smaller companies.Leading the rally in sto
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XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- XOM's page on the SEC website