Exxon Mobil's Q2 Earnings Set to Decline by $1.5 Billion Despite 9% Stock Surge

Exxon Mobil's stock price has surged 9% over the past month, driven by a recovery in global oil prices and increased investor confidence. However, the company expects a $1.5 billion profit hit due to lower crude oil and natural gas prices. Despite this, Wall Street analysts maintain a bullish stance, with some raising their price forecasts. The stock trades above its 50-day moving average but below its 52-week high.