ExxonMobil Expects Its Profits to Fall. Time to Buy the Oil Stock on the Dip?
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ExxonMobil, a leader in the oil industry, reported $8.6 billion in profits and $17.6 billion in cash flow from operations in the third quarter. Despite these strong figures, the company expects its profits to fall, raising questions about whether it's a good time to buy the stock on a dip.
January 12, 2025 | 11:30 am
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ExxonMobil reported strong Q3 profits and cash flow but anticipates a decline in future profits. This could present a buying opportunity if the stock dips.
ExxonMobil's strong Q3 performance is overshadowed by its expectation of declining profits. This could lead to a short-term negative impact on its stock price as investors react to the anticipated profit decrease. However, the dip might attract buyers looking for long-term value.
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