XOM's fourth FPSO, One Guyana, has arrived, setting the stage for a major output boost from the Yellowtail field by year-end.
XOM's preliminary assessments indicate that the gas reserves at the Elektra-1 prospect are commercially infeasible for development.
Accretive oil and gas prices are likely to have aided upstream operations of BP and SLB in the first quarter of 2025.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
President Donald Trump's recently imposed tariff has rattled the equity market. The question in everybody's mind is whether the tariffs will be in place for an extended period.
Exxon Mobil (XOM) closed at $102.94 in the latest trading session, marking a -1.34% move from the prior day.
ExxonMobil (XOM -7.35%) recently gave investors a glimpse into its upcoming first-quarter earnings report. The oil giant expects to report a roughly $900 million increase in its quarterly profit.
XOM expects higher oil and natural gas, and stronger oil refining margins to boost first-quarter earnings by $900 million.
XOM can also lean on its strong balance sheet when its business scenario turns volatile and uncertain.
Exxon Mobil Corporation XOM will release its first-quarter financial results after the closing bell on Thursday, April 3.
Exxon Mobil Corporation is facing various market headwinds but remains well-positioned with its strategic business portfolio diversification and inventory management. Its high cash flows and strong balance sheet allow it to sustain its capacity and cover borrowings and dividends easily. Natural gas may become its key driver as data centers may boost its price and demand.