Exxon Mobil Corporation ($XOM) Stock Forecast: Up 5.1% Today

What is Exxon Mobil Corporation?

Stock: Exxon Mobil (XOM) Exxon Mobil is a multinational oil and gas corporation, one of the largest publicly traded companies in the world. The company is involved in all aspects of the oil and gas industry, including exploration, production, refining, and distribution.

Why is Exxon Mobil Corporation going up?

XOM stock is up 5.1% on Mar 7, 2025 14:50

• Experienced a strong bullish movement today.
• The bullish trend could be attributed to securing an LNG export extension for the Golden Pass Project, providing more time to begin exports from the $10B Texas project.
• Bullish options activity by deep-pocketed investors indicates positive sentiment towards XOM, contributing to the upward movement in the stock price.
• Despite the recent decline in oil prices and larger-than-expected U.S. crude inventory build, the positive developments related to the Golden Pass LNG project seem to have outweighed the negative factors, driving the bullish momentum in Exxon Mobil's stock.

XOM Price Chart

XOM Technical Analysis

XOM News

What's Going On With Exxon Mobil ( XOM ) Shares? - Exxon Mobil ( NYSE:XOM )

Exxon Mobil shares are trading lower by 6.5% since Monday's open. This week's decline follows a six-month oil price low after a larger-than-expected U.S. crude inventory build. Every week, our Whisper Index uncovers five overlooked stocks with big breakout potential.

https://www.benzinga.com/news/25/03/44171189/whats-going-on-with-exxon-mobil-xom-shares

ExxonMobil Secures LNG Export Extension for Golden Pass Project

The U.S. Department of Energy grants an extension for XOM's Golden Pass LNG, giving more time to begin exports from the $10B Texas project.

https://www.zacks.com/stock/news/2426564/exxonmobil-secures-lng-export-extension-for-golden-pass-project

ExxonMobil And QatarEnergy's Golden Pass LNG Project Gets Extended Export Permit From US Energy Department - Exxon Mobil ( NYSE:XOM )

Chris Wright, the U.S. Secretary of Energy, has granted an extension for the export permit of the Golden Pass LNG project. This project is a collaborative effort between QatarEnergy and ExxonMobil XOM and is currently under construction in Sabine Pass, Texas.

https://www.benzinga.com/markets/equities/25/03/44160535/exxonmobil-and-qatarenergys-golden-pass-lng-project-gets-extended-export-permit-from-us-energy-d

Exxon Mobil ( XOM ) Stock Moves -0.2%: What You Should Know

Exxon Mobil (XOM) closed the most recent trading day at $107.54, moving -0.2% from the previous trading session.

https://www.zacks.com/stock/news/2425574/exxon-mobil-xom-stock-moves--02-what-you-should-know

Looking At Exxon Mobil's Recent Unusual Options Activity - Exxon Mobil ( NYSE:XOM )

Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil XOM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/25/02/44050128/looking-at-exxon-mobils-recent-unusual-options-activity

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Exxon Mobil Corporation Price History

10.08.2024 - XOM Stock was down 5.0%

• ExxonMobil's decision to exit the race for the Namibia oil block stake may have disappointed investors, leading to a bearish sentiment.
• The forecasted slow earnings growth for XOM might have contributed to the negative market movement, testing investors' patience.
• Despite the partnership with ADNOC on a low-carbon hydrogen project, the overall market sentiment towards XOM seems to be overshadowed by concerns about future growth and value compared to its competitors.

07.02.2025 - XOM Stock was up 5.1%

• Experienced a strong bullish movement today.
• The bullish trend could be attributed to securing an LNG export extension for the Golden Pass Project, providing more time to begin exports from the $10B Texas project.
• Bullish options activity by deep-pocketed investors indicates positive sentiment towards XOM, contributing to the upward movement in the stock price.
• Despite the recent decline in oil prices and larger-than-expected U.S. crude inventory build, the positive developments related to the Golden Pass LNG project seem to have outweighed the negative factors, driving the bullish momentum in Exxon Mobil's stock.

26.05.2023 - XOM Stock was up 1.3%

• Exxon Mobil Co. (NYSE:XOM) had a strong bullish movement today.
• The increase in holdings and stake by Lion Street Advisors LLC, National Bank of Canada FI, Transcend Capital Advisors LLC, and IronBridge Private Wealth LLC may have contributed to the bullish movement.
• The recent drop in energy stocks and the potential rise in demand for energy may have also played a role in the bullish movement.
• Investors seeking reasonable valuations, slow and steady growth, and healthy yield may find Exxon Mobil Co. (NYSE:XOM) to be a good investment option.

11.09.2023 - XOM Stock was down 5.2%

• The bearish movement in XOM's stock today can be attributed to the following factors:
• 1. Acquisition Deal: ExxonMobil's announcement of a $59.5 billion all-stock deal to acquire Pioneer Natural Resources could have caused a negative sentiment among investors. Such large-scale acquisitions often raise concerns about the financial implications and potential integration challenges.
• 2. Dominance in US Oilfields: The acquisition of Pioneer Natural Resources would make ExxonMobil the largest producer in the largest U.S. oilfield. While this may seem like a positive development, the market might be reacting to the potential risks associated with such dominance, including regulatory scrutiny and increased competition.
• 3. Geopolitical Tensions: The CEO of Pioneer Natural Resources, Scott Sheffield, mentioned that oil prices could surge if Iran enters the war between Israel and Hamas. Geopolitical tensions and the potential disruption of global crude supplies can create uncertainty in the oil market, impacting the stock price of oil companies like ExxonMobil.
• 4. Market Reaction: The market's response to the acquisition deal and the overall geopolitical situation might have led to a bearish sentiment, causing a decline in XOM's stock price.
• Overall, the bearish movement in XOM's stock today can be attributed to concerns surrounding the acquisition deal, potential risks of dominance in the US oilfields, and geopolitical tensions impacting the oil market.

03.02.2025 - XOM Stock was down 3.0%

• The bearish movement in XOM's stock today could be attributed to the cancellation of Chevron's license in Venezuela by the Trump administration, impacting the overall sentiment in the oil and gas sector.
• Despite the bullish options activity observed by deep-pocketed investors, the market may have reacted negatively to the geopolitical uncertainty surrounding oil production in Venezuela.
• The awarding of a major deepwater seismic contract to Shearwater in Guyana by ExxonMobil might not have been enough to offset the broader negative sentiment in the industry, leading to the bearish movement in XOM's stock today.