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Actionable news in XOM: EXXON MOBIL CORPORATION,

Exxon Mobil (XOM) Stock Rises Despite S&P Downgrade

NEW YORK (TheStreet) -- Exxon Mobil Corp. (XOM - Get Report) stock is up 0.40% to $87.68 in afternoon trading on Tuesday as oil prices climb even though the Irving, TX-based energy company's credit rating was lowered at Standard & Poor's.

S&P lowered Exxon Mobil's credit rating to AA+ from AAA because low oil prices are expected to challenge the company's ability to pay dividends and buyback stock, Reuters reports.

Exxon Mobil remains under an investment grade with a stable outlook.

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