Why ExxonMobil Rose More Than 7% in September
Shares of oil industry behemoth ExxonMobil (NYSE: XOM) were up 7.4% for the month of September, helped along by rising crude oil prices and broad gains across the oil sector.
However, it wasn't all sunshine and roses for the company. Although it handily beat the S&P 500 for the month, Exxon's stock lagged the overall oil and gas market as measured by the SPDR S&P Oil & Gas Exploration & Production ETF.
ExxonMobil has managed to outperform its industry, thanks in part to its retail gas sales. Image source: Getty Images.
Source: Fool.com
Exxon Mobil Corp. Stock
€109.40
-0.650%
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 126 € there is a slightly positive potential of 15.17% for Exxon Mobil Corp. compared to the current price of 109.4 €.
