In its latest update that was released on Monday, 15th December, 2014, Wall Street upgraded Exxon Mobil Corp (NYSE:XOM) from its ‘Underperform’ status and elevated it to ‘Market Perform’ category. As a result of this upgrade, the price target was also revised from its current levels of $85 to $95, thus rendering it an attractive…
Exxon Mobil Corporation (XOM) Presents a Picture of Confidence
In the face of uncertainty over prices in the oil sector triggered by OPEC’s announcement of maintaining production targets, Exxon Mobil Corporation (NYSE:XOM) expressed confidence in being able to withstand the volatility even if prices plunged to as low as $40 per barrel. During his interview with CNBC, CEO of this oil-and-natural gas giant, Rex…