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Exxon Mobil Soars Despite Oil Price Plunge
1 Jan
Summary
- Exxon Mobil stock reached a new 52-week high.
- Company reported $25.4 billion in upstream earnings for 2024.
- Exxon Mobil benefits from diversified operations across the energy value chain.
Exxon Mobil shares recently achieved a new 52-week high, signaling renewed investor confidence. This surge occurred despite a significant downturn in WTI crude oil prices, which fell nearly 20% during 2025. The stock has recovered from a previous 16% drop in April, showcasing its market resilience.
The company's strength stems from its diversified operations across the energy value chain. In 2024, Exxon Mobil generated substantial upstream earnings of $25.4 billion, driven by profitable assets in key regions like the Permian Basin and Guyana. Natural gas prices have also provided a boost.
Exxon Mobil benefits from its integrated model, encompassing upstream, energy products, and chemical operations. This broad approach, coupled with strategic investments and operational efficiencies targeting breakeven costs of $30 per barrel by 2030, positions the company for continued success amidst fluctuating commodity markets.
