XOM Exxon Mobil Net-Zero Greenhouse Gas Emission | Price Targets

٣١ يناير ٢٠٢٢

Today i have 2 relevant price targets for your from the most prestigious analysts: The Goldman Sachs Group prediction is $83 for XOM, which is most likely (to hit the resistance level) and Bank of America which has an optimistic price target of $95.

The price targets are plausible, since there is a possible disruption to European energy supplies because of Russia - Ukraine border crisis.
and
Crude oil prices will likely stay at the 7 year high since OPEC+ will keep the existing policy of gradual increase of production.

XOM will spend 3bn in the next five years on a new low-carbon business unit. They also bought a 49.9% stake in Norwegian biofuels company Biojet AS to achieve its target for reducing greenhouse gas emissions.

Exxon Goal for 2050 is Net-Zero Greenhouse Gas Emissions.

Exxon Mobil haven`t cut the dividends, like other companies, even though in 2020 they had negative earnings, -22.44Bil.

Looking forward to read your opinion about it.