Exxon Mobil: OPEC+ Driving Earnings Upside (Rating Upgrade)

The Asian Investor
29.11K Followers
(7min)

Summary

  • Exxon Mobil is focusing on high-potential production areas like Guyana and Permian to drive its upstream earnings.
  • OPEC+ supply limitations could boost petroleum prices, benefiting Exxon Mobil.
  • Undervalued Exxon Mobil offers potential for growth, especially with recent Permian-focused acquisitions.
  • Shares trade at only an 11X P/E ratio while Exxon Mobil continues to generate a ton of free cash flow.

OPEC concept. Oil barrels in color of flags of countries memebers of OPEC on world political map background.

Bet_Noire

Exxon Mobil (NYSE:XOM) is set to improve its earnings power through targeted investments in high-potential production areas such as Guyana and Permian, while at the same time the extension of OPEC+ supply curbs could also have a positive effect

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of XOM, CVX, COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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