Exxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's lawsuit against California Attorney General Rob Bonta and several environmental groups, the damage done by the AG's initial lawsuit against Exxon Mobil, state of Exxon's plastic recycling technology, and more.
XOM's natural gas find off Egypt's coast could help the nation reverse its declining production and regain its status as a key energy supplier.
In the closing of the recent trading day, Exxon Mobil (XOM) stood at $111.51, denoting a +1.63% change from the preceding trading day.
Exxon Mobil has an almost 8% shareholder yield, supported by strong cash flow and continued investments. The company plans to keep investments at roughly $30 billion/year, supporting substantial production growth. Despite a loftier valuation in an expensive market, the company has the continued ability to generate strong returns.
XOM urges Texas to keep the details of its large offshore CO2 lease private, citing the importance of protecting its proprietary commercial and financial information.
Exxon Mobil is advancing in sustainable energy with investments in hydrogen production and lithium & graphite mining, while maintaining strong oil and gas production. The firm reported a 24% YoY production increase in Q3'24, driven by integrating Pioneer Energy's Permian assets, and plans significant growth in Guyana and LNG projects. Management is anticipating spending between $27-29b in capital investments in eFY25 with a focus on Permian and Guyana production.
Exxon Mobil has noted major (mostly negative) adjustments to fourth quarter earnings when compared to third quarter earnings. The fourth quarter emphasizes the need for a vision. With a vision, then less emphasis will be on current commodity price fluctuations (especially down) because there is a vision of better in the future.
ExxonMobil (XOM -0.36%) is the oil industry's leader by almost every important metric, including profitability. The oil giant produced a peer-leading $8.6 billion in profits during the third quarter and a monster $17.6 billion of cash flow from operations, which also led international oil companies.
Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s XOM trading update reported yesterday.
Exxon Mobil said lower oil prices and refining margins will weigh on earnings, but Wall Street isn't overly concerned. Here's what you need to know.
Exxon Mobil shares fell nearly 2% in early trading on Wednesday after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.