EXXON MOBIL CORP

Exxon Mobil (XOM) experienced a 5.6% share price drop [2] amidst broader market declines, but was also highlighted as a potential buying opportunity due to its defensive nature [1]. However, concerns remain about falling oil prices impacting profitability [3] and declining earnings estimates [7], [8]. Despite these challenges, XOM maintains a strong 2024 performance, particularly in its Upstream segment [5], and is focusing on low-cost projects [5]. The potential reinstatement of former Pioneer CEO Scott Sheffield to XOM's board is pending FTC review [4], which could influence future strategy. The company has also issued floating-rate notes due in 2075 to raise capital for general corporate purposes [13], [14], [15].