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After greatly benefiting from the post-COVID recovery and the rise of geopolitical risks, which propelled the oil prices to new highs in recent years, the good days for Exxon Mobil Corporation (NYSE:XOM) and its peers are likely
Exxon Mobil: Sell Before It's Too Late
Summary
- The rising oil production across the globe might lead to an oversupply of oil on the market and push oil prices to even lower levels.
- This could hurt Exxon Mobil’s performance in the upcoming years, since its business is exposed to the fluctuations of the oil price.
- That is one of the reasons why Exxon Mobil remains a Sell for us.
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