Business & Stock News: Exxon Mobil (XOM), Salesforce (CRM)

Schwab Network

English - December 09, 2022 18:46 - 3 minutes - 49.7 MB - ★★★★★ - 23 ratings
News Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: CNH Industrial (CNHI) CEO On Growth In Automation In Farming

Next Episode: Li Auto (LI) Stock Falls Post Disappointing Earnings

Exxon Mobil (XOM) announced that the share repurchase plan will be expanded up to $50B through 2024. The company said that earnings and cash flow will double by 2027 compared to 2019 levels. Next, Jenny Horne weighs in on Salesforce (CRM) being downgraded to neutral from outperform at Baird. The analyst stated that the combination of macro headwinds and seat-based software pressures could pressure revenue growth in the near-term. Also, increase in executive turnovers is a surprise and could portend execution risk.