Exxon Mobil reported Strong Earnings
Exxon Mobil Corp rallied as much as 3% and close at $63.11.
Exxon Mobil Corp. rode high oil and gas prices to more than $10 billion in fourth-quarter earnings and nearly $100 billion in revenue, the company reported Today.The results exceeded Wall Street expectations.
Exxon Mobil said fourth-quarter net income was $10.71 billion, or $1.71 a share, compared with $8.42 billion, or $1.30 a share, a year earlier. The most recent quarter included a one-time gain from the resolution of litigation.
Excluding special items, Exxon Mobil would have earned $10.32 billion, or $1.65 a share.
Exxon Mobil repurchased $5 billion of its shares in the latest quarter, consistent with the pace seen during third quarter of 2005.
Banc of America Securities upgraded Exxon Mobil to buy from neutral and named it a top pick for 2006.
Tecnical this stock is in a Bullish side, RSI + MACD + Fullstoch all Bullish, according to chart above the next resistance will be 65$ level.
P.S. - AAPLE have confirmed today my analyse on Sunday, Up with very good volume, so keep attention if this stock break the 76$ in close.
That's All. Have a great evening !!!!
AC
