Exxon Mobil's stock falls after Raymond James turns bearish [MarketWatch]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: MarketWatch
Exxon Mobil's stock falls after Raymond James turns bearish Shares of Exxon Mobil Corp. XOM, -1.64% dropped 1.9% in premarket trade Tuesday, after Raymond James analyst Pavel Molchanov turned bearish on the oil giant, citing concerns over how the outlook for oil prices will impact the company. Molchanov cut his rating to underperform from market perform. His downgrade comes despite being bullish on oil prices, as he estimates 2019 WTI to rise to $77.50 a barrel; January oil futures CLF9, -2.34% are currently down 1.6% early Tuesday to $56.30, down 14% this month. "This is no secret, but it bears repeating: Exxon is one of the least appealing ways to play our bullish oil call, particularly after the painful but in our view transitory oil price selloff over the past month," Molchanov wrote in a note to clients. He said Exxon is viewed by investors as "ultra-defensive" as it has limited leverage to oil prices given its "significant overweight" in downstream and chemicals. Exxon's s
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News
- Georgia Christian School awarded grant by Exxon/Mobil Educational Alliance Program [Yahoo! Finance]Yahoo! Finance
- Philadelphia jury hits Exxon with $725.5 million verdict on mechanic's claim that he got cancer from benzene exposure [Fortune]Fortune
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer [BNN Bloomberg (Canada)]BNN Bloomberg
- California's Treasurer Ma urges votes against two Exxon directors [Reuters]Reuters
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form DEFA14A
- 5/9/24 - Form PX14A6G
- XOM's page on the SEC website