By Ion Jauregui – Analyst at ActivTrades
Global oil trade turns again in an unexpected move: two supertankers loaded with ExxonMobil crude from Guyana are sailing toward India, covering more than 14,600 kilometers from the Caribbean to Asia. This historic route reflects not only India’s need to diversify its supply following the decline of Russian crude, but also Guyana’s growing influence as an emerging producer. A cultural curiosity adds a unique nuance: almost 40% of Guyana’s population is of Indian origin, a link that has facilitated diplomatic and commercial approaches.
The vessels Cobalt Nova and Olympic Lion, loaded with the Liza, Unity Gold, and Golden Arrowhead grades, represent millions of barrels that will soon feed refineries in Paradip, Mumbai, and Visakhapatnam. For India, it is an opportunity to secure a stable supply; for ExxonMobil, this voyage is not a simple transport: it is a strategic consolidation combining low production costs, solid cash flow, and presence in an emerging market with enormous energy demand.
Fundamental Analysis
ExxonMobil reinforces its position in a global context of volatility. Guyana’s production has grown from 0 to more than 800,000 barrels per day in just six years, becoming a strategic asset. The company protects its margins against Brent and WTI uncertainty while diversifying clients and securing long-term contracts in Asia, in one of the world’s most demanding oil markets. The combination of operational efficiency, investments in energy transition, and expansion of its oil portfolio allows it to maintain profitability and consolidate investor confidence, even in a complex geopolitical environment.
From a fundamental perspective, the operation strengthens ExxonMobil’s position against crude volatility and geopolitical pressure. Diversification toward India protects margins, improves cash flow, and strengthens the company’s presence in emerging markets, while its focus on operational efficiency and energy transition projects reinforces the perception of solidity among investors.
Technical Analysis – ExxonMobil (Ticker AT: XOM)
The stock has shown an upward trend since April with rising highs, supported by mid-level support around $104, with resistance at October last year’s highs, which was practically replicated this year in mid-November during the price breakout attempt. Currently, moving average crossovers sustain the bullish momentum, and a new attempt to advance the bullish trend could be seen. The RSI is currently in the mid zone at 54.07%, and the MACD is in a retracement period following a corrective fortnight that seems to have ended this week. The current price of $116.63 rests on the 50-day moving average, suggesting that buyer momentum remains present, although with some pause, as if the market awaits the next milestones in Guyana and global energy policy to define the next acceleration.
The ExxonMobil stock maintains an upward trend with rising lows and highs.
A breakout above the highs could open the way to $124–$126, while a drop below $112 could generate corrections down to $108–$103.
Not Just Oil
ExxonMobil is not just transporting oil; it is building an economic and geopolitical bridge between Guyana and India. The operation demonstrates its ability to turn geopolitics into solid business and reflects how its stock combines technical potential and fundamental strength, a combination that attracts investors seeking stability in an uncertain energy market.
Global oil trade turns again in an unexpected move: two supertankers loaded with ExxonMobil crude from Guyana are sailing toward India, covering more than 14,600 kilometers from the Caribbean to Asia. This historic route reflects not only India’s need to diversify its supply following the decline of Russian crude, but also Guyana’s growing influence as an emerging producer. A cultural curiosity adds a unique nuance: almost 40% of Guyana’s population is of Indian origin, a link that has facilitated diplomatic and commercial approaches.
The vessels Cobalt Nova and Olympic Lion, loaded with the Liza, Unity Gold, and Golden Arrowhead grades, represent millions of barrels that will soon feed refineries in Paradip, Mumbai, and Visakhapatnam. For India, it is an opportunity to secure a stable supply; for ExxonMobil, this voyage is not a simple transport: it is a strategic consolidation combining low production costs, solid cash flow, and presence in an emerging market with enormous energy demand.
Fundamental Analysis
ExxonMobil reinforces its position in a global context of volatility. Guyana’s production has grown from 0 to more than 800,000 barrels per day in just six years, becoming a strategic asset. The company protects its margins against Brent and WTI uncertainty while diversifying clients and securing long-term contracts in Asia, in one of the world’s most demanding oil markets. The combination of operational efficiency, investments in energy transition, and expansion of its oil portfolio allows it to maintain profitability and consolidate investor confidence, even in a complex geopolitical environment.
From a fundamental perspective, the operation strengthens ExxonMobil’s position against crude volatility and geopolitical pressure. Diversification toward India protects margins, improves cash flow, and strengthens the company’s presence in emerging markets, while its focus on operational efficiency and energy transition projects reinforces the perception of solidity among investors.
Technical Analysis – ExxonMobil (Ticker AT: XOM)
The stock has shown an upward trend since April with rising highs, supported by mid-level support around $104, with resistance at October last year’s highs, which was practically replicated this year in mid-November during the price breakout attempt. Currently, moving average crossovers sustain the bullish momentum, and a new attempt to advance the bullish trend could be seen. The RSI is currently in the mid zone at 54.07%, and the MACD is in a retracement period following a corrective fortnight that seems to have ended this week. The current price of $116.63 rests on the 50-day moving average, suggesting that buyer momentum remains present, although with some pause, as if the market awaits the next milestones in Guyana and global energy policy to define the next acceleration.
The ExxonMobil stock maintains an upward trend with rising lows and highs.
- Key supports: $112.40 in Point of Control (POC) zone
- Immediate resistance: $120.87, coinciding with recent highs
- Indicators: RSI neutral, MACD showing corrective trend with mixed signals
A breakout above the highs could open the way to $124–$126, while a drop below $112 could generate corrections down to $108–$103.
Not Just Oil
ExxonMobil is not just transporting oil; it is building an economic and geopolitical bridge between Guyana and India. The operation demonstrates its ability to turn geopolitics into solid business and reflects how its stock combines technical potential and fundamental strength, a combination that attracts investors seeking stability in an uncertain energy market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.