Movement Alert|Exxon Mobil Intraday Rise 3.07% in Regular Trading, Oil Prices Extend Rally and Support Integrated Majors

Market Focus
Oct 23

On October 23, Exxon Mobil recorded an Intraday Rise of 3.07% in Regular Trading, with shares trading at $183.685 and turnover reaching $754 million.

The clearest catalyst was a sharp move higher in crude prices. On the same day, WTI crude futures rose 3.06% to $102.51 a barrel, while Brent crude futures gained 2.54% to $116.04 a barrel, lifting sentiment across oil equities and pushing major US energy stocks to fresh highs.

Company-specific fundamentals also provided support ahead of earnings due October 30. Earlier this month, Exxon Mobil indicated that changes in margins could add about $4.4 billion to third-quarter earnings versus the prior quarter, including a major uplift from stronger refining economics, partly offset by a $1.3 billion hit from crude, condensate and natural gas liquids price changes and a $300 million gain from natural gas prices.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10