ExxonMobil Stock Holds $163.76 as $100+ Oil and Permian Growth Put $166.65 in Focus
TradingKey·- ExxonMobil stock closed at $165.23 on September 10, trading above the $163.76 pivot support with a breakout resistance level focused at $166.65. - The company's strong fundamental setup is driven by Brent oil prices remaining above $100, record Permian production of over 1.8 million boe / day, and Q2 adjusted earnings reaching $14.68 billion. - Sustained momentum is further supported by multi-year growth in Guyana and Papua LNG, structural cost savings totaling $16.3 billion since 2019, and $9.4 billion returned to shareholders in Q2.Exxon's 2030 Targets Call for $35 Billion More in Cash Flow. Here's the Milestone That Tells You It's on Track By 2028.
Motley Fool·- ExxonMobil plans to increase earnings by $25 billion and cash flow by $35 billion by 2030, with the Permian Basin serving as a critical growth driver following its acquisition of Pioneer Natural Resources. - Key milestones for investors to monitor include growing Permian production to 2.5 MMboe/d and reducing per-barrel costs to around $30. - Achieving these targets depends on operational efficiency and broader regional performance, notably in Guyana, alongside the primary U.S. onshore operations.