Exxon Mobil has reaffirmed its commitment to stock buybacks and capital expenditures despite a decline in oil prices. The company’s recent earnings report exceeded expectations, indicating that it remains confident in its growth strategy. With the oil market experiencing volatility, Exxon is sticking to its plans for investments and share repurchases, signaling its confidence in the long-term prospects of the energy sector.
Source: https://www.barrons.com/articles/exxon-earnings-stock-price-4d9fffce