Why Is Exxon Mobil Stock Gaining Wednesday?
Exxon Mobil (XOM) stock rises premarket ahead of Q2 earnings. Wall Street expects $3.76 EPS as higher oil prices boost upstream gains.
Exxon Mobil's stock is going up before they share their earnings report, because oil prices are higher right now. When oil costs more, oil companies usually make more money—so watch their actual earnings results to see if they did as well as people hope.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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