Reasons to Retain ExxonMobil (XOM) in Your Portfolio Now

Exxon Mobil Corporation (XOM) is a leading integrated energy player. Over the past seven days, the firm, carrying a Zacks Rank #3 (Hold), has witnessed upward earnings estimate revisions for 2024 and 2025.What's Favoring the Stock?The price of West Texas Intermediate crude is currently trading at more than the $85-per-barrel mark. The favorable trajectory in oil prices is a boon for ExxonMobil’s upstream operations. In the Permian Basin – the most prolific oil and gas resource in the United States – and off ...