Exxon Mobil Set For A Breakout (Rating Upgrade)

WendellandCarolyn/iStock Editorial via Getty ImagesThe Organization of Petroleum Exporting Countries could be poised to create substantial profit tailwinds for large energy companies like Exxon Mobil Corp. (NYSE:XOM). OPEC last week decided that it would extend cuts to its crude oil supplies to the end of 2025 which is a very bullish signal for Exxon Mobil as is the recent decision of electric-vehicle manufacturers to ramp the production of EVs much more slowly. Exxon Mobil might also profit from persis ...