ExxonMobil's Profits Are About to Fall. Is the Oil Stock Still a Buy?

Exxon is a leader in making money in the oil patch. ExxonMobil (XOM 1.84%) recently gave investors a sneak peek into its upcoming third-quarter earnings report. The oil giant issued a muted outlook, expecting its profit to fall. The main culprit was oil prices, which slumped 17% in the period. While ExxonMobil expects to report lower profits in the third quarter, the oil company is likely to deliver peerleading results again. That's one of the many factors that make it look like an attractive oil stock to b ...