Published on 23 Apr 2024 on Zacks via Yahoo Finance
Should You Buy ExxonMobil (XOM) Ahead of Q1 Earnings?
Eyes are now on Exxon Mobil Corporation XOM, which is scheduled to report first-quarter 2024 earnings on Apr 26, before the opening bell. Some investors may be deliberating whether to purchase the stock of the leading integrated energy company before Friday or wait for a better entry point, as an erroneous decision could significantly affect portfolio gains.
Incredible Price Performance
ExxonMobil has proven to be incredibly rewarding since the beginning of the year, gaining 21.7% year to date, surpassing the 13.5% rise of the composite stocks belonging to the Zacks Oil and Gas Integrated International industry. A solid pipeline of profitable upstream projects centered around the prolific Permian and Guyana assets is among the key factors that are leading to the outperformance.