Exxon Mobil Corporation (XOM)
ExxonMobil Sues Rob Bonta, NGOs, Alleging Plastic Recycling Smears
ExxonMobil filed suit in a U.S. District Court in Beaumont, Texas Monday, targeting California Attorney General Rob Bonta and an array of environmental NGOs including the Sierra Club over what it says are smears related to its advanced plastic recycling business. In addition to the Sierra Club, other NGOs named as defendants include Surfrider Foundation, Inc., Heal the Bay, Inc., Baykeeper, Inc., and Intergenerational Environment Justice Fund (IEJF) Ltd.
Exxon warns lower oil prices will eat into profit
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has warned the likes of lower oil prices and wider weakness will eat into profit over the fourth quarter. Profit was on course to drop by around US$1.75 billion against the third quarter, Exxon forecast in an regulatory filing on Tuesday.
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
ExxonMobil (XOM) said it expects to take an up to a $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.
Exxon Mobil expects fourth-quarter upstream earnings to ease
Exxon Mobil said on Tuesday changes in oil prices would ease its fourth-quarter upstream earnings by $500 million to $900 million.
ExxonMobil Targets Defamation Lawsuit Over Recycling Attacks
XOM takes legal action against California's AG and environmental groups, accusing them of defaming its advanced recycling technology and seeking retraction and damages.
Exxon Mobil (XOM) Stock Drops Despite Market Gains: Important Facts to Note
In the closing of the recent trading day, Exxon Mobil (XOM) stood at $107.74, denoting a -0.11% change from the preceding trading day.
Exxon Mobil sues California attorney general, environmental groups
Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show.
The Oil Price Outlook is Good for Energy Companies
The oil price outlook is good for energy companies because it is depressed, averaging a long-term low for Q4 and at an extreme level likely to increase as the year progresses. This means the outlook for energy company earnings is likely too low and that an outperformance/upgrade cycle is about to unfold.
How Energy Stocks Performed In 2024
The S&P 500 closed out 2024 with a total return of 23.3%, building on its 24.2% gain in 2023. Despite a weaker finish to the year, the index notched 57 record closes, fueled by optimism around artificial intelligence (AI) and the Federal Reserve's interest rate cuts.
Down 11% in 1 Month With a 3.7% Yield, Is This High-Yield Dividend Stock Too Cheap to Ignore, and Worth Buying in 2025?
ExxonMobil (XOM -0.01%) and the rest of the energy sector are down big in the past month as oil prices hover around their lowest levels in a year. But the company has plans to drive shareholder returns even at mediocre oil prices.
ExxonMobil Stock Navigates Death Cross: Market Signals Turn Bearish For The Oil Giant
ExxonMobil Corp. XOM may be pumping out oil, but its stock chart has hit a dry spell.
XOM Stock Up 8% in a Year: Is Now the Time to Buy, Sell, or Hold?
ExxonMobil plans to generate $165 billion in surplus cash flow over the 2025-2030 period, thanks to disciplined capital allocation and improved earnings power.
