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Stock impact report

Exxon Mobil (XOM) Price Target Reduced Amid War Impact [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world. On April 10, TD Cowen lowered its price target on Exxon Mobil Corporation (NYSE:XOM) from $175 to $172, but maintained its ‘Buy' rating on the shares. The trimmed target still indicates an upside of over 20% from the current price level. The move comes after TD Cowen revised its estimates, noting that the upstream realizations and downstream margins both fell below forecasts. Moreover, Exxon's guidance implies that all its production in the Middle East has been impacted by the war. Exxon Mobil Corporation (NYSE:XOM) revealed on April 8 that it expects the Middle East conflict to reduce its Q1 production by 6% compared to the previous quarter, when it reported ?5 million boe/day of output. The company's upstream assets in Qatar and the United Arab Emirates, which accounted for approximately 20% of its total global oil production last year, have been impacte Show less Read more
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