Exxon Mobil (XOM) reachead $108.36 at the closing of the latest trading day, reflecting a -0.69% change compared to its last close.
Exxon (XOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
WTI crude oil remains in the upper $70s, performing well last week despite macro challenges. Energy sector stocks continue to struggle compared to tech-related stocks, with XLE hitting 26-month relative lows versus the S&P 500. I have a buy recommendation on ExxonMobil (XOM) due to an attractive valuation, its strong free cash flow, and the potential for shareholder-friendly initiatives following the acquisition of Pioneer.
Exxon Mobil is focusing on high-potential production areas like Guyana and Permian to drive its upstream earnings. OPEC+ supply limitations could boost petroleum prices, benefiting Exxon Mobil. Undervalued Exxon Mobil offers potential for growth, especially with recent Permian-focused acquisitions.
U.S. companies, particularly in tech and energy, outperform global counterparts. Exxon Mobil's focus on core operations, strategic investments, and shareholder value make it a reliable investment. Strong financial health, massive shareholder distributions, and solid credit rating make Exxon Mobil a dependable choice for income-focused investors.
The deal will see Seplat Energy acquiring ExxonMobil's (XOM) assets for $1.28 billion, significantly bolstering its position in Nigeria's oil and gas sector.
Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil's Nigerian shallow water oil assets, it said on Friday after being notified that NNPC had halted a legal challenge to the deal.
OPEC's decision to extend supply cuts until the end of 2025 is bullish for energy companies like Exxon Mobil. Exxon Mobil could benefit from the strength of the U.S. economy, with robust job creation and wage growth. The combination of OPEC's supply cuts and a strong U.S. economy creates a positive outlook for Exxon Mobil's earnings and free cash flow.
Exxon Mobil (XOM) closed at $113.08 in the latest trading session, marking a +0.29% move from the prior day.
ExxonMobil (XOM) and QatarEnergy's ambitious Golden Pass LNG project faces a significant delay after contractor issues, pushing the expected startup of key LNG trains to late 2025 and early 2026.
Shares of Exxon Mobil Corp. fell Friday, as Truist Securities backed away from its bullish call, citing a number of concerns, such as the belief that the oil giant's free-cash-flow yield will trail that of peers “well into 2025.”
Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited lingering concerns about the energy company's lawsuit against climate activists.