Exxon Mobil: Greater synergy from Pioneer merger, but lower oil prices (Hold) (XOM)

Invest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we have been providing equity and fixed income research services that are becoming increasingly well-known locally both among professional investors , as well as private customers. Here’s what we do: – We cover the top 120 Russian, US and Chinese stocks – We cover over 200 Russian bonds (corporate, SOE) Offer our research as a paid service to several institutional clients, several dozen asset managers/PMs and approx. 3000 private clients Our team consists of 2 strategists as well as a team of analysts (equity and 1 fixed income team). 9 analysts are currently working in our team, which has achieved global professional recognition. In the first year, we entered Refinitiv and Factset, in the second year our estimates began to participate in the Refinitiv consensus, in the third year we are the best analysts in the Refinitiv rating for a number of Russian companies and are in the process of signing with S&P Market Intelligence. Our forecasts are often ahead of the market due to the detailed business model built for each company. Contact Details Sergey Pirogov CEO +7 (919) 762 76 64 [email protected] Aleksandr Sayganov Research Director +7 (708) 1238294 [email protected]