NYSE:XOMOil and Gas
ExxonMobil (XOM) Stock Hides A $17b Free Cash Flow Surge
ExxonMobil stock slipped about 0.7% to US$153.96 in the first full session after earnings, which is a muted reaction to a quarter that generated roughly US$14.5b in profit and more than US$23.6b in operating cash flow. For a company often viewed as a slow and steady income engine with a 2.68% dividend yield, that small price move understates how much cash the business produced.
The real headline is simple: Q2 was about cash power. ExxonMobil turned its integrated portfolio into over US$17b of...