Why ExxonMobil Stock Crushed the Market on Thursday
The second-to-last day of the trading week saw ExxonMobil's (NYSE: XOM) stock jump more than 3% higher in price. This was due to a pair of factors, one external and the other internal. With that rise, ExxonMobil stock easily topped the bellwether S 500 index's 1.9% increase.
Of the two catalysts, the more impactful one was the latest shareholder-pleasing move from U.K.-based peer and rival . Although that company published third-quarter results that fell short of analyst estimates, it announced a dramatic expansion of its share buyback program.
That $3.5 billion initiative will be in force over the next three months and will bring the total buyback amount to $6.5 billion for the second half of 2023.
Source Fool.com
Royal Dutch Shell B Stock
€22.55
-1.960%
The community is currently still undecided about Royal Dutch Shell B with 1 Buy predictions and 0 Sell predictions.
As a result the target price of 24 € shows a slightly positive potential of 6.43% compared to the current price of 22.55 € for Royal Dutch Shell B.
