How Should Investors Play ExxonMobil Shares Post Q3 Earnings?

On Friday, Exxon Mobil Corporation (XOM) reported third-quarter 2024 earnings that exceeded expectations, driven by cost-cutting initiatives, high-yield investments and strategic divestments, all of which contribute to a strong business outlook. Before analyzing the factors underpinning this positive outlook and considering strategic options for investors, let’s first review the third-quarter results.XOM’s Q3 Earnings SnapshotExxonMobil reported earnings per share of $1.92 (excluding identified items), whic ...