Shares of ExxonMobil (NYSE: XOM) experienced a rise on Tuesday, initially increasing by 4.2% before settling at a 2.9% gain by 12:35 p.m. EDT. The company announced an update to its long-term 2030 earnings and cash flow targets, raising them above previous guidance and analysts’ expectations. This positive news contributed to the stock nearing a 52-week high. ExxonMobil’s press release confirmed the adjustments to its financial outlook.
