ExxonMobil Holdings Corporation (NYSE:XOM) completed a redomicile and will swap legacy shares one-for-one as new XOM trades July 2; the company appointed three new directors and promoted James Chapman and Susan Buchanan to senior finance roles while Morgan Stanley stays overweight, trimming its price target.
Previous Week Recap
- ExxonMobil Redomiciles To Holdings: ExxonMobil redomiciled to ExxonMobil Holdings Corporation. NYSE will suspend legacy Exxon common stock after close July 1, 2026; new XOM shares begin trading July 2, 2026, one-for-one exchange.
- XOM Board And Executive Appointments: ExxonMobil (XOM) filed SEC notices: Neil A. Chapman, Neil A. Hansen and Jack P. Williams Jr. joined the board; James R. Chapman named President & Treasurer; Susan E. Buchanan named VP & Controller.
- Morgan Stanley Maintains Overweight, Pt Cut: Morgan Stanley keeps ExxonMobil (XOM) at overweight and trims price target to $168 from $171; no other analyst moves or company updates were reported.
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