Zacks.com users have recently been watching Exxon (XOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
XOM signs multi-year deal with Helix Alliance to decommission aging Gulf of Mexico wells amid rising regulatory pressure.
Exxon Mobil is poised for renewed growth, driven by its dominant positions in the Permian Basin and Guyana, following the Pioneer acquisition. The company's integrated model and capital discipline provide stability and strong margins, even amid volatile oil prices and sector headwinds. Despite a premium valuation, XOM consistently delivers top- and bottom-line growth, robust profitability, and aggressive capital returns via buybacks and dividends.
XOM edges up 1.6% in a year, but falling crude prices and weak Q2 outlook weigh on its upstream-heavy earnings.
XOM, BP, and Shell face weaker upstream results, but refining strength could steady Q2 earnings across Big Oil.
XOM may offload its 59 Singapore gas stations in a $1B deal as it shifts focus to high-return, low-carbon assets.
Exxon Mobil expects Q2 upstream earnings to fall as weaker oil and gas prices weigh on exploration and production activities.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) warned on Monday that lower oil and gas prices may result in a $1.5 billion drop in second quarter earnings compared to the previous quarter. In a regulatory filing with the US Securities and Exchange Commission (SEC), Exxon Mobil said it expects a profit impact from falling liquids prices between $800 million and $1.2 billion.
Exxon Mobil Corp. (XOM) warned that lower oil and gas prices would pull down current-quarter earnings by as much as $1.9 billion compared with the first quarter.
Benchmark Brent crude prices averaged $66.71 per barrel during the April to June quarter, an 11% decline from the previous quarter.
Exxon Mobil Corp. late Monday warned investors that its second-quarter profit may take a hit of more than $1 billion from lower crude prices, and just under $1 billion from lower natural-gas prices.
Over the past few years, the company's efforts have included repositioning, ramping up production, and improving operational quality, which have driven a robust cash flow despite the decline in oil prices.