Schwab Network on $XOM (Oct 30, 2026)
XOM is a long-term bull case: profits surging almost 200% and results beating expectations, and as a fully integrated top-five global oil producer it should see a very strong bid and demand signal for a long period while producing at tremendous profit; the shares are already up about 50% this year.
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So, I know we're going to talk Chevron and Exxon off the back of their quarterly results, which were better than expected, and those shares are moving higher,
Got Exon Mobile shares moving higher by 2% this morning. They did better than expected. Shares of Exxon Mobile have been an outperformer so far this year, up about 50%.
Well, the issue is is if you take a look at their profits, they're surging. I mean, almost 200%. I mean, when you take a look at at both at both of these companies, Exxon Chevron, you're seeing a massive surge in profits.
So you have Exxon and Chevron both are going to have the very strong bid and demand signal for a long period of time and they're doing this at tremendous profits.
And when you have, you know, Exxon and Chevron, they're both producing tremendously. You know Exxon is the fifth largest producer of oil in the world. If if they were a country they'd be number five uh ahead of of ahead of uh China, ahead of Iraq, ahead of Iran
So you see these massive companies, great production, fully integrated.
What this channel has said about $XOM
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