Exxon Mobil: $100 Oil Could Be A 2024 Black Swan (Rating Upgrade)

designer491 XOM: Recent corrections are overdone We last wrote on Exxon Mobil Corporation (NYSE:XOM) about 4 months ago with the goal of urging investors to take some profits (see the chart below). The stock prices indeed suffered substantial corrections afterward, losing about 14%. In contrast, the S&P 500 (SP500) advanced more than 6%. Against this backdrop, this article will argue that such large price corrections are overdone. In the remainder of this article, I will detail a few immediate positive cata ...