XOM Stock Summary and Trading Ideas (Exxon Mobil | NYSE:XOM)

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

Exxon Mobil trades on the NYSE stock market under the symbol XOM.

As of May 13, 2024, XOM stock price declined to $117.91 with 13,368,682 million shares trading.

XOM has a beta of 0.18, meaning it tends to be less sensitive to market movements. XOM has a correlation of 0.01 to the broad based SPY ETF.

XOM has a market cap of $528.94 billion. This is considered a Mega Cap stock.

Last quarter Exxon Mobil reported $83 billion in Revenue and $2.06 earnings per share. This beat revenue expectation by $10 billion and met earnings estimates .

In the last 3 years, XOM stock traded as high as $123.75 and as low as $52.10.

The top ETF exchange traded funds that XOM belongs to (by Net Assets): VTI, VOO, XLE, SPY, IVV.

XOM has underperformed the market in the last year with a price return of +12.9% while the SPY ETF gained +27.8%. However, in the short term, XOM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.8% vs +4.3% return in SPY. But in the last 2 weeks, XOM shares have been beat by the market, returning 0.0% compared to an SPY return of +2.5%.

XOM support price is $116.48 and resistance is $119.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XOM stock will trade within this expected range on the day.