ExxonMobil is one of the largest integrated energy companies on the planet. ExxonMobil has the heft to adjust with the world around it, when the time is right.
Exxon has increased its dividend for 41 straight years. The company built its business to thrive in any market condition.
I recommended doubling down on XOM at the end of January 2024, and my last call proved to be very successful. But what's next for Exxon? The oil price is likely to be supported by a shortage of commodities on the physical market as 2024 is going like one of the worst years for oil inventories. The demand in developed markets continues to grow, which is especially noticeable in the US, according to EIA.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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.
Exxon Mobil generated $5.0B in free cash flow in Q2 and plans to spend $20B in annual stock buybacks next year. The acquisition of Pioneer Natural Resources is already boosting U.S. liquids production, leading to 55% Q/Q growth. Shares are priced at a reasonable P/E ratio of 12.8X, making Exxon Mobil an attractive investment for income investors.
ExxonMobil's (XOM) seventh offshore oil project in Guyana, Hammerhead, is expected to increase its production capacity by 180,000 bpd, with the development plan set for early 2025.
Exxon Mobil Corporation is the second largest publicly traded oil company in the world, with a high valuation and potential for growth. Quarterly performance includes strong earnings, dividends, and debt management, focusing on continued growth and shareholder returns. The acquisition of Pioneer Natural Resources, expected earnings growth, and guidance for increased production make Exxon Mobil a valuable investment despite market capitalization risk.
ExxonMobil (XOM) has issued layoff notices to 59 employees following its $60-billion acquisition of Pioneer Natural Resources. The move is part of the company's strategic workforce reshuffle as it integrates Pioneer's assets and personnel.
Permian & Guyana presence will continue to aid ExxonMobil (XOM), which recently reported strong Q2 earnings. However, the stock is overvalued.
ExxonMobil (XOM) has begun resuming its Joliet, IL, refinery after a three-week shutdown due to a power outage, tightening heavy crude discounts and easing fuel shortages across four states.
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