Exxon Stock Has Soared This Year. Why One Analyst Sees More Gains Ahead.

Exxon Mobil stock is jumping after Credit Suisse upgraded its shares from Neutral to Outperform on Tuesday. 

Unlike many of its competitors, Exxon Mobil (XOM) bet that the world will continue to run on fossil fuels over the medium term and that’s a bet that will pay off, writes Credit Suisse analyst Manav Gupta. Unlike its Big Oil peers, many of whom forecast that the energy transition would lower demand for oil and gas, Exxon has continued to invest in the production of both commodities, Gupta noted. 


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