The Traderszone Network

Published in TZ Latest News 3 November, 2021 by The TZ Newswire Staff

Oil is Back Over $80. Time to Buy ExxonMobil?

As the nation’s largest oil company, ExxonMobil (NYSE: XOM) has been plagued by low commodities prices in a shale-oil boom, evaporating demand in a pandemic, and fraud allegations in a mounting global climate crisis. Additionally, fears abound that the value of oil reserves may take a hit as the world increasingly demands a net-zero carbon energy supply. ExxonMobil has recently overcome many of these issues with a mix of strong financial and operational discipline, and it has benefited from a sharp rebound in commodities prices.

read more