Summary
XONA Chart
Exxon Mobil CEO: EU's CSDDD is some of the worst legislation I've seen passed anywhere
Darren Woods, Exxon Mobil chairman and CEO, joins 'Squawk Box' to discuss the recent moves in oil prices, if current prices will stick around and much more.
Exxon Mobil Corporation (XOM) Presents at JP Morgan Energy, Power, Renewables & Mining Conference (Transcript)
Exxon Mobil Corporation (NYSE:XOM ) JP Morgan Energy, Power, Renewables & Mining Conference June 24, 2025 8:35 AM ET Company Participants Jack P. Williams - Senior Vice President Conference Call Participants John Macalister Royall - JPMorgan Chase & Co, Research Division John Macalister Royall All right.
Trump declares China can purchase Iranian oil as market signals cautious optimism
President Donald Trump cleared China to purchase Iranian oil on Tuesday, eliminating longstanding sanctions limiting the trade relationship. Trump announced the move in a social media post while flying to Europe on Air Force One, adding that he hopes China will also purchase "plenty" of oil from the U.S. "China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the U.S., also. It was my Great Honor to make this happen!" Trump wrote. Oil prices continued to drop and markets surged Tuesday as Trump battered Iran and Israel into accepting a precarious ceasefire agreement. The agreement has curbed concerns that Iran would shut down the Strait of Hormuz, a key trade route for shipping oil across the globe. EXXONMOBIL CEO TALKS OIL SUPPLY AMID IRAN-ISRAEL CONFLICT Crude hit $65 per barrel in extended trading after West Texas Intermediate crude futures fell more than 8% to about $67 per barrel on Monday afternoon. Brent crude, the international benchmark, fell to $70 a barrel. Washington reinstated sanctions on Tehran in 2018, and Trump's administration has imposed several new rounds of sanctions on Iran's oil trade since taking office in January. Trump's sanctions had included penalties on three Chinese oil import companies, which led to curtailed buying. Last week, industry experts warned that Iran shutting down the Strait of Hormuz could cause prices to surge to as much as $120 a barrel. CLICK HERE TO READ MORE ON FOX BUSINESS Roughly 20% of the world's oil supply travels through the strait, though closing it would significantly hurt Iran's own revenue. Energy Secretary Chris Wright dismissed concerns about its closing on Tuesday, telling Fox News that the move would harm Iran more than it would anyone else. "The United States today is a net oil exporter. We don't count in any meaningful way on oil coming out of that strait. Iran would harm itself more than it would harm anyone else. It'll probably cause a mess or trouble, but it'll be small," Wright said. Reuters contributed to this report.
Exxon Mobil Corporation (XONA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has Exxon Mobil Corporation ever had a stock split?
Exxon Mobil Corporation Profile
| Oil & Gas Integrated Industry | Energy Sector | Mr. Darren W. Woods CEO | XBER Exchange | US30231G1022 ISIN |
| US Country | 61,000 Employees | 12 Feb 2025 Last Dividend | 19 Jul 2001 Last Split | 13 Jan 1978 IPO Date |
Overview
Exxon Mobil Corporation, founded in 1870 and headquartered in Spring, Texas, is a global leader in the exploration, production, and sale of crude oil and natural gas. Expanding its operations beyond traditional energy sources, the company is also exploring lower-emission business opportunities. Through its various segments such as Upstream, Energy Products, Chemical Products, and Specialty Products, Exxon Mobil caters to a diverse range of energy and chemical needs worldwide. The company’s commitment to sustainability is evident in its pursuit of carbon capture and storage, hydrogen, lower-emission fuels, and lithium technologies, positioning itself at the forefront of environmental innovation.
Products and Services
- Upstream: Focused on the exploration and production of crude oil and natural gas, this segment leverages advanced technology and innovation to meet the growing global energy demand.
- Energy Products: Offers a variety of fuels, aromatics, and catalysts alongside licensing services. Products under this segment are marketed under prominent brands such as Exxon, Esso, and Mobil, ensuring high-quality energy solutions for both commercial and individual use.
- Chemical Products: Specializes in the production and marketing of key petrochemicals, including olefins, polyolefins, and intermediates. This segment supports various industries, providing essential materials for products ranging from plastics to automotive components.
- Specialty Products: Comprises performance products like lubricants, basestocks, waxes, synthetics, elastomers, and resins. These products are integral to the operational efficiency of numerous industrial and consumer applications, demonstrating Exxon Mobil’s commitment to quality and innovation.
- Lower-Emission Business Opportunities: In its quest to achieve a sustainable energy future, Exxon Mobil is actively exploring and developing technologies in carbon capture and storage, hydrogen, lower-emission fuels, and lithium. These initiatives represent the company’s dedication to reducing the environmental impact of energy production and consumption.
Contact Information
