Exxon Mobil (NYSE:XOM) won’t be allowed to take part in Iraq’s fourth licensing auction, as it signed deals with the semi-autonomous region in Kurdistan, a spokesman for Iraq’s Deputy Prime Minster for Energy tells the Wall Street Journal.Exxon Mobil (NYSE:XOM) has potential upside of 10.7% based on a current price of $83.8 and an average consensus analyst price target of $92.76.Exxon Mobil is currently above its 200-day moving average (MA) of $79.47 and should find resistance at its 50-day MA of $83.90.
