Exxon Mobil (XOM) Pops 2%: What Should You Know?

During the last trading day, Exxon Mobil (XOM) price indicators have been increasing. Moreover, the stock worth of the company has gained positive volume. The value has moved upwards from $56 to $57.3, which is a 2% jump increase. ExxonMobil has made great strides in reducing its carbon footprint which could cause such an increase in prices. For today, the total market capitalization of the company is 243.811B.

A new business segment, ExxonMobil Low Carbon Solutions, is designed to commercialize the company’s low-carbon technology portfolio. Part of the company’s plan is to invest $3 billion to commercialize the company’s low-carbon technology portfolio. When this will happen, the company will evaluate investment opportunities in carbon capture and storage. Furthermore, since 2000 the company has cut its own methane emissions by 15%, and eliminated around 520 million metric tons of greenhouse gas emissions.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.