Weekly Recap | ExxonMobil +3.13%, LNG and Permian deals drive week
Weekly Review·
- ExxonMobil closed at 165.11 USD this week, recording a 3.13% increase and outperforming the S & P 500.
- The company advanced key infrastructure initiatives, including awarding an 1.1 billion USD contract for the Rovuma LNG project, securing a 20-year Permian Basin midstream agreement, and receiving its fifth floating production facility in Guyana.
- A total of 26 institutions cover the stock with a consensus buy rating and a target price of 169.68 USD, while future performance will depend on oil prices, macroeconomic data, and project execution.
