ExxonMobil Gets LNG Extension Amidst Contractor Bankruptcy: Stock Outlook for 2024

ExxonMobil’s Golden Pass LNG project receives a three-year extension after its lead contractor, Zachry Holdings, filed for bankruptcy. This news comes as ExxonMobil reports strong exploration success and anticipates reduced third-quarter upstream earnings. The article analyzes ExxonMobil’s stock prospects for 2024, highlighting the use of technical indicators like moving averages and trend lines to forecast future price movements.

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