ExxonMobil: Set For Record Highs As War Profits Boom ExxonMobil is poised for a major profit boost ...

ExxonMobil: Set For Record Highs As War Profits Boom ExxonMobil is poised for a major profit boost in Q3, driven by rising crude prices and geopolitical tensions in the Strait of Hormuz. I maintain a 'Strong Buy' rating on XOM, citing robust free cash flow, undervaluation on forward earnings, and aggressive capital return potential via buybacks and dividends. XOM's free cash flow could reach ~$20 billion in Q3, with EPS estimate revisions overwhelmingly positive, indicating market expectations for a bullish earnings report.