Advertisement
Australia markets open in 2 hours 59 minutes
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • AUD/USD

    0.6520
    +0.0020 (+0.31%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    83.80
    +0.99 (+1.20%)
     
  • GOLD

    2,343.90
    +5.50 (+0.24%)
     
  • Bitcoin AUD

    99,428.52
    +1,162.80 (+1.18%)
     
  • CMC Crypto 200

    1,399.98
    +17.41 (+1.26%)
     

Is ExxonMobil on the Road to Becoming an EV Stock?

Is ExxonMobil on the Road to Becoming an EV Stock?

ExxonMobil (NYSE: XOM) has a long history of scavenging the earth in search of new energy sources. Its primary focus is on finding new oil and gas deposits to sustain and grow its fossil-fuel output. According to a report by the Wall Street Journal, Exxon bought 120,000 gross acres in southern Arkansas for more than $100 million from exploration company Galvanic Energy.