Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE:XOM stock added $1.82 to its trading price on the August 9 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Exxon Mobil Corporation stock rose more than 3.11% weekly and 6.40% monthly.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Exxon Mobil Corp has a market capitalization of $438.59 Billion.&nbsp;</a> </li> 
</ul> 
<p>NYSE: XOM stock added $1.82 to its trading price on the August 9 trading session; it opened at $108.71, lowering to $108.31, it hit a high of $110.42 and closed at $109.56 with an intraday trading volume of 19.92 Million.&nbsp;</p> 
<p>As per relevant data, Exxon Mobil Corporation stock rose more than 3.11% weekly and 6.40% monthly. Despite intraday and weekly surges, XOM shares are still trading below the annual trading level of $120.86, which is around 10.31% greater than the current trading price.&nbsp;</p> 
<p>XOM’s highest trading price in the 52 weeks time frame is $119.92, and the lowest traded price is $83.92. Exxon Mobil Corp has a market capitalization of $438.59 Billion, with its shares’ average trading volume of 16.411 Million.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-xom-stock-price-analysis-strong"><strong>XOM Stock Price Analysis&nbsp;</strong></h2> 
<p>At press time, NYSE: XOM stock was trading above its 50-day and 200-day EMAs. In the past two trading sessions, buyers seemed more active than sellers.</p> 
<p>In the last seven days, XOM share price has been consolidating between $104.57 &amp; $109.24, but buyers succeeded in breaking the range and started trading at $108 and hit a high of $110.42.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/wJveox-ZXmayjfT6pFBGWABgB7HzLNCXQI37sBeJoDR0SQBtl3LIjF-DKlNnE4hvYZLJ2e_w2ctM-lNUZrXrt4blhx2mHhYoUzJwYrA3G-fAPX-q4tDeMQDeeNC8Wt0ZXA8EL2MVOjaqMF64_4qEDg" alt="NYSE: XOM Stock Surged 6% in a Month; Bulls Here to Stay?&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: XOM stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>After analyzing the technical aspects of XOM stock, it is clear that if buyers continued to dominate, then its price might face immediate resistance of $110.23 and the next possible resistance of $120.13.&nbsp;</p> 
<p>If buyers fail to hold the price in the upper region, XOM stock price might slip and face immediate support of $102.12 and the next possible support of $101.61. If the stock price falls below initial support, a sudden surge in selling volume might be witnessed.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-exxon-mobil-corporation-earnings-revenue-strong"><strong>Exxon Mobil Corporation Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 &amp; Q2 2023, <a href="https://www.thecoinrepublic.com/2023/08/01/exxon-mobil-corp-nyse-xom-will-xom-stock-price-sustain-here/" rel="noopener noreferrer nofollow">Exxon Mobil Corporation </a>reported 1.07% and 1.36% more revenue than estimated figures; the company was supposed to report $85.65 Billion in Q1 and $81.80 Billion in revenue.</p> 
<p>According to TradingView, 3.998 Billion XOM shares are free-floating, and the remaining 5.492 Million shares are closely held by the company’s financial backers or board of directors.&nbsp;</p> 
<p>The company’s reported revenue for 2022, including gross profit, was 26% with earnings before interest, taxes, depreciation, and amortization (EBITDA), 16% earnings before interest and taxes (EBIT), and 14%.&nbsp;</p> 
<p>Most of the revenue is generated from the Energy business, Chemical Business, Corporate &amp; Financing, Upstream, and Speciality.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Level</strong></h4> 
<p>Major Resistance: $110.23 and $120.13</p> 
<p>Major Support: $102.12 and $101.61</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Exxon Mobil Corporation is a leading energy company. XOM stock is expected to open above its last closing price, and in the premarket session, the stock already opened 0.34% higher than its previous closing price. Buyers seem more interested compared to sellers. By the end of the ongoing week, XOM stock price might cross the upcoming resistance of $110.23.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong>&nbsp;</h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

NYSE: XOM Stock Surged 6% in a Month; Bulls Here to Stay?

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Thecoinrepublic.com

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