Iraq, Exxon to sign Majnoon oil field agreement Wednesday, sources say
1. Iraq and Exxon Mobil will sign an agreement for Majnoon oil field operations. 2. This agreement could boost XOM's production and revenue in the Middle East.
FAQ
Why Bullish?
The agreement supports XOM's growth in production capacity, similar to historical wins in Iraq, positively impacting long-term revenue.
How important is it?
The operational role in a significant oil field directly impacts XOM's market position and financial outlook.
Why Long Term?
This deal establishes a stable revenue stream over an extended period, contributing to long-term financial health.