Exxon is doing better than ever
Why the Stock Market Keeps Changing Its Story
Exxon’s surge is an important shift in the market, a new narrative that investors would be wise to pay close attention to—in case it changes again
https://www.wsj.com/finance/stocks/why-the-stock-market-keeps-changing-its-story-318bb9c6?mod=investing_more_article_pos1
The emperor with no clothes.
Despite all the fancy ads, ExxonMobil does very little H2,CCS, or biofuels. Up until a few years ago, any employees that were to suggest about such things would get demoted or sacked.
I hate you all
Excited to see how my manager will spin this to his advantage and upward ranking result!
Our stock price is up because of geopolitical uncertainties
https://www.euronews.com/business/2024/04/02/oil-prices-rise-whats-pushing-up-the-cost-of-crude
Geopolitical uncertainties and supply fears boosted oil prices to fresh five-month highs on Tuesday morning.
Brent crude oil prices touched a fresh over five-month high on Tuesday morning, at $88.3 per barrel. This was a weekly rise of 3.3% and a monthly gain of 7.7%. Crude oil prices also advanced 1% on Tuesday morning, hitting $84.6, having risen 3.8% this week and 8.4% this month.
This was mainly due to escalating geopolitical tensions, especially in the Middle East, as well as speculation of falling Mexican oil supply in the near future. Oil markets are also still seeing the effects of the Organisation of the Petroleum Exporting Countries (OPEC+) committee extending voluntary cuts for the second quarter of the year last month.
Better-than-expected manufacturing purchasing managers' index (PMI) reports from both China and the US have also contributed to positive oil sentiment. This is due to investors expecting both these countries to see increased demand in the manufacturing and industrial sectors soon.
Da.
All Praise Putin!! Savior of the entire oil and gas industry!