Exxon Mobil, headquartered in Spring, Texas, employs 62,000 and engages in oil and gas exploration, production, and distribution while pursuing lower-emission business opportunities. Its segments include upstream exploration and manufacturing of energy, chemical, and specialty products.
XOM has been in the news recently: Investors are becoming increasingly bearish on Exxon Mobil, signaling potential significant changes ahead, while the company anticipates a $800 million to $1.2 billion drop in upstream results for Q4 due to fluctuating oil prices. Additionally, the broader market has seen declines in major stocks and cryptocurrencies as investors react to recent gains.
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