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Adam Eckert

Why Exxon Mobil Shares Are Rising Today

Exxon Mobil Exxon Mobil Corp NYSE

Exxon Mobil Corp (NYSE:XOM) is trading higher Tuesday after the company announced better-than-expected fourth-quarter financial results and initiated a buyback.

Exxon Mobil reported quarterly revenue of $84.97 billion. The company reported quarterly earnings of $2.08 per share, which beat the $1.89 estimate. Exxon Mobil said it was able to strengthen its balance sheet to pre-pandemic levels by paying down $20 billion in debt.

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