Domestic oil and gas production takes center stage in Exxon's latest capital project punch list.
Exxon Mobil said on Wednesday it expects annual project spending of $28 billion and $33 billion between 2026 and 2030, bolstered by the acquisition of Pioneer Natural Resources.
The country's largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies.
Exxon Mobil Corp (NYSE:XOM) stock has been sliding since its late-November peak, which failed to extend its Oct. 7 record high of $126.36.
XOM considers selling its 59 Esso stations in Singapore, aiming to raise $1 billion and refocus on growth areas.
I believe Exxon Mobil stock is a solid long-term investment despite lagging the broader market and high valuation due to its scale and cost-saving initiatives. Despite lower earnings in Q3, Exxon is still putting out a great deal of output - 4.58 million barrels a day, the highest in 40 years. I think XOM's plans for production growth and structural cost savings justify its premium valuation.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) is reportedly mulling the $1 billion sale of its gas stations in Singapore in order to turn focus to other high-growth areas. According to Bloomberg-cited sources, the oil major is working with financial advisors on the potential disposal.
U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday.
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.
It's that time of year. Snow is increasingly in the weather forecasts, family members are exchanging holiday gift lists, and investors are setting financial goals for 2025.
XOM faces scrutiny as allegations surface about hacked emails of environmental activists. The FBI is investigating the claims, which ExxonMobil calls conspiracy theories.
XOM's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.