Exxon Mobil Corporation (XOM), headquartered in Spring, Texas, is a global energy giant with a market capitalization of $467.6 billion. The company explores and produces crude oil and natural gas both in the U.S. and internationally. Exxon Mobil operates through three main segments: Upstream, Downstream, and Chemical.
Shares of Exxon Mobil have lagged behind the broader market over the past year, with XOM stock gaining 9.7% compared to the S&P 500 Index's ($SPX) 19% rally. However, 2024 has heralded a turnaround for the energy titan, with its stock soaring 17%, eclipsing the SPX’s 14.2% surge on a YTD basis.
