2024-04-23 16:29:54 ET
Summary
- After nearly tripling in price, Exxon Mobil Corporation stock is no longer a bargain and investors should adjust their expectations.
- Management remains focused on the long-term success of the company, which could upset short-term oriented market participants.
- I remain cautiously optimistic about Exxon's Q1 2024 results, but I wouldn't hold my breath.
Exxon Mobil Corporation (NYSE: XOM ) is among the staple names in the energy names and with that, the stock price is sometimes driven by emotional biases that market participants tend to exhibit during inflection points....
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Exxon Mobil: Excellent Business, With Near-Term Challenges For The Share Price