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Exxon Mobil Limps Into Earnings on Cheap Oil, Ebola Fears

Jonathan Marino
10/24/14 8:26 AM EDT
Exxon Mobil stock has plummeted over the last three months and shares are down 7% so far this year. We're waiting for next week to assess earnings; the Street is looking for $1.75 per share, compared to $1.79 this time last year. Some of Exxon Mobil's troubles aren't stemming from performance, however, and the stock could be oversold, on a combination of Ebola fears slowing international development projects, and a dropping price in oil hampering Exxon's share prices. In one week, we'll get earnings from Exxon Mobil, and if it keeps up its string of beats, its fortunes are due for a turnaround.
Stocks in this video: XOM

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