Exxon Mobil Stock Became A Bargain Buy For The Long Run

Source: seekingalpha.com seekingalpha.com

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David McNew My Thesis Exxon Mobil Corporation (NYSE:XOM) (NEOE:XOM:CA), one of the largest integrated oil and gas companies in the world, seems to me to be the best play among the O&G majors due to the combination of positive factors we can see from the latest quarterly results, as well as how cheaply XOM stock is trading today. My Reasoning Exxon Mobil posted Q4 FY2023 earnings of $7.6 billion, equivalent to $1.91 per diluted share. However, these figures included some bumps, with $2.3 billion in identified items, notably a $2.0 billion impairment due to regulatory hurdles in California affecting production...