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Energy giant ExxonMobil, the largest U.S. oil company, reported better than expected first-quarter earnings Friday. XOM produced more oil to overcome
[See the full post at: Exxon Mobil Record First Quarter Profits with Higher Production in Guyana and Permian]
Following earning Exxon has been downgraded to Buy from Neutral at Goldman Sachs
$XOM 116.31, -2.03, -1.7%
Exxon Mobil also on Monday agreed to a $375 million sale of assets in the Bakken Shale of North Dakota to Chord Energy, the shale company that had emerged from the tie-up of Whiting Petroleum and Oasis Petroleum. Exxon held on to other Bakken assets worth billions.
$CHRD 149.06+2.09 (+1.42%)
$XOM 106.11-0.15 (-0.14%)
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