ARC Resources to supply Exxon Mobil with LNG
1. ARC Resources signed a long-term LNG supply deal with Exxon Mobil's unit. 2. This agreement may strengthen XOM's LNG position in the market.
FAQ
Why Bullish?
Long-term LNG agreements often stabilize revenue streams. Previous similar agreements have positively impacted XOM's stock performance.
How important is it?
Strengthening LNG supply positions XOM favorably in a growing market, bolstering investor confidence.
Why Long Term?
Long-term supply contracts typically enhance revenue visibility over several years. This stabilizes cash flows and growth potential for XOM.