2024-06-11 00:37:13 ET
Summary
- OPEC's decision to extend supply cuts until the end of 2025 is bullish for energy companies like Exxon Mobil.
- Exxon Mobil could benefit from the strength of the U.S. economy, with robust job creation and wage growth.
- The combination of OPEC's supply cuts and a strong U.S. economy creates a positive outlook for Exxon Mobil's earnings and free cash flow.
The Organization of Petroleum Exporting Countries could be poised to create substantial profit tailwinds for large energy companies like Exxon Mobil Corp. ( XOM ) ....
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Exxon Mobil Set For A Breakout (Rating Upgrade)