ExxonMobil Corp.: the emitter's financial report for the third quarter will be published today

Current trend

Shares of ExxonMobil Corp., an American oil company, are correcting in a downtrend, being at 116.00 amid reduced fears of an escalation of the conflict in the Middle East: the Israeli Defense Forces retaliatory attack on Iranian territory did not affect nuclear and oil facilities, reducing the likelihood of supply disruptions from the region.

Also, among the positive news for the emitter, it is necessary to highlight the granting by federal regulatory authorities of permission for a three-year extension of the construction of the ExxonMobil Corp and Qatar Energy LNG joint plant, which was suspended due to the bankruptcy of the general contractor, Zachry Holdings.

Today, the company will publish its financial report for the third quarter: analysts expect revenue to grow to 94.24 billion dollars, up from 90.76 billion dollars over the same period last year and 93.06 billion dollars last quarter. Earnings per share (EPS) could be 1.89 dollars, down from 2.14 dollars in the previous period and 2.25 dollars a year earlier.

On September 10, ExxonMobil Corp. paid dividends of 0.95 dollars per share with a final yield of 3.19% per annum), but after the quarterly statistics appear, management may reconsider the amount of the next payment, increasing it to 0.99 dollars.

Support and resistance

On the D1 chart, the asset is correcting, trying to return to the descending channel with the boundaries of 116.00–105.00.

Technical indicators have already reversed around and show a sell signal, which is beginning to strengthen: the AO histogram forms corrective bars, and the fast EMAs on the Alligator indicator recently crossed the signal line from the top down.

Support levels: 115.70, 108.10.

Resistance levels: 118.80, 125.00.