XOM/PXD gonna rip on XOM earnings this week

[aja57]

This week, US Representative Michael Burgess filed his purchase of stock in Exxon Mobil. $XOM

Burgess sits on the House Committee on Energy and Commerce.

https://twitter.com/TrendSpider/status/1751394662735401122

[aja57]

Well, Both did rip over the last three months . XOM earnings out today with stock getting hammered mostly on a non recurring charge but great news on cash from operations for the quarter and reduction in capital expenditures along with Guyana production. Next quarter barring any massive dip in oil prices should be quite stellar. I'm not an owner of XOM but I own PXD and am vacillating on whether to dump the shares if /when PXD is absorbed in Q2 or own XOM. Not a fan of the big oil companies but XOM seems like the "play" on Guyana.

https://www.zerohedge.com/markets/exxon-tumbles-one-time-eps-charges-despite-surge-cash-flow-buyback-boost