Exxon Mobil (NYSE:XOM), one of the largest oil and gas producers in the world, is expected to report earnings on Aug. 2. The short-term fortunes of XOM shareholders have always been closely linked to the price of oil. In summary, higher oil prices help increase revenues, cash flows, and profits, helping the stock price go up. Let us take a look at what investors may expect from XOM stock in the second half of the year...
As the U.S. and Iran exchange war of words, oil prices have once again become volatile in the heat of summer. Yet with its diversified businesses and financial resilience, Exxon Mobil’s fundamental story remains intact. XOM stock trades at about 17x trailing earnings, making it reasonably priced for new investors who may think of hitting the buy button. However, there will likely be increased stock price volatility in the near-term, especially after the earnings report, that current and potential XOM stock investors should anticipate.
Source: InvestorPlace
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