Exxon Mobil Stock Gains Amid Mixed Signals as Earnings Loom
Exxon Mobil shares have surged 6% over the past month, outpacing both the energy sector and broader market indices. The rally positions XOM for a potential test of $125/share ahead of its Q2 earnings release. Analysts project $1.41 EPS—a 34% year-over-year decline—with revenue expected to contract 5.77% to $329.42 billion.
Legal headwinds emerged as the Supreme Court upheld a record $14.25 million Clean Air Act penalty against Exxon's Baytown refinery. The market shrugged off the verdict, with shares climbing 1.4% on the news day. Technical indicators show XOM trading mid-range, below its 200-day moving average.