Exxon Mobil: Raising Price Target On Strong 2023 And Pioneer Deal

grandriver I began coverage of Exxon Mobil Corp (NYSE:XOM) in October 2023, highlighting it as my favorite play in the international oil patch given its superior execution and management along with a favorable geographic footprint vs. peers. Following the company's announcement to take over Permian E&P Pioneer Resources (PXD) in late November, I published a further note, commenting and offering my thoughts on what I deem to be a perfect strategic fit to XOM's mid-term strategy of shifting its portfolio towa ...