Exxon Mobil has revised its earnings guidance downward, but shares are rising. The company reported that its profit was impacted by weaker-than-expected demand for energy products. In response to the lower earnings forecast, investors appear to be betting on the company’s ability to recover and meet future projections. Despite the initial drop in value, Exxon’s stock has rebounded, driven by expectations of a gradual recovery in the global energy market.
Source: https://www.barrons.com/articles/exxon-earnings-guidance-stock-price-oil-cee17885