Reported 22 days ago
ExxonMobil is working to restart operations at its Hoover offshore platform following a shutdown due to Tropical Storm Francine. The energy giant is grappling with declining crude oil prices linked to a slowdown in industrial demand, especially from China. Analysts have adjusted stock price targets in light of these trends, with Morgan Stanley lowering its target to $142 and maintaining an overweight rating, while Mizuho increased its target to $130. Despite these adjustments, ExxonMobil reports a rise in earnings, indicating resilience amid an evolving energy landscape.
Source: YAHOO