Exxon Mobil Q2: Pioneer Assets Create More Upside Potential

(9min)

Summary

  • Exxon Mobil Corporation stock delivered strong Q2 earnings, beating consensus estimates on both lines.
  • In particular, the progress and benefits from the Pioneer assets integration far exceeded my earlier expectations.
  • The Pioneer acquisition boosts Q2 production to record levels, and I also expect it to lower breakeven costs.
  • Combined with other catalysts, I see good odds for its share price to reach $174 in the next 1–2 years.
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Aerial View of a Oil Refinery and Fuel Storage

CHUNYIP WONG

XOM stock: Q2 recap

I last analyzed Exxon Mobil Corporation (NYSE:XOM) stock in mid-July. As you can see from the following screenshot, that article was titled "Exxon Mobil: Buy The Dip" and was published

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This article was written by

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Envision Research, aka Lucas Ma, has over 20+ years of investment experience and holds a Masters with in Quantitative Investment and a PhD in Mechanical Engineering with a focus on renewable energy, both from Stanford University. He also has 30+ years of hands-on experience in high-tech R&D and consulting, housing sector, credit sector, and actual portfolio management.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CVX 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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