XOM - Exxon Mobil Corporation

Momentum play: if Exxon breaks out above $165.20, watch for continued upside.

Momentum play to the upside with energy; if it breaks out above 164.70, watch for further upside.

Momentum play to the upside; energy stocks are moving well in the short term, and if XOM breaks above $165.70, watch for continuation.

Energy plays went nuts; if Exxon breaks above $160.40, watch it to the upside.

Upcoming earnings will be especially important due to the effects of the Iran war on the oil business.

Strong price action on Iran news; on bullish radar.

Exxon expects oil prices to rise 60-70% in coming weeks due to the Iran war. Oil prices already up 8% with crude futures popping over 6% on supply threats.

If oil companies continue selling off short-term, XOM could drop under $155, which would be a breakdown below recent support. Bearish conditional setup.

Ross mentions Exxon Mobil as one of the big oil companies sitting on massive cash, on pace for $40B+ in free cash flow. Already acquired Pioneer. Discussed as context for the broader acquisition trend in big oil, not as a direct recommendation.

Exxon's hedge contracts that locked in lower oil prices are rolling off in Q2, meaning earnings will reflect current oil prices in the high $120s. Consensus estimates project Q2 earnings to roughly double year-over-year. The negative headline earnings are a temporary artifact of hedging losses, not a reflection of the underlying business strength in the current oil price environment.