Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources.
ExxonMobil's Esso division has completed the sale of the Fos-sur-Mer refinery - one of France's major refineries - and two other oil terminals to Trafigura consortium firm Rhone Energies, the companies said on Friday.
I am overall bullish on the energy sector given the currently compressed oil prices, and sector leader XOM is particularly attractive. Compared to close peer OXY and the overall sector, XOM offers better profitability metrics and balance sheet strength. Yet, XOM trades at a lower valuation than OXY.
Demand and supply dynamics appear favorable for oil and gas companies. By 2030, 60% of U.S. power demand is expected to be dependent on fossil fuels. Exxon Mobil Corporation is heavily invested in LNG, which is experiencing a significant expansion in demand.
Exxon Mobil Corporation will report its Q3 results on Friday. Analysts expect a small revenue decline and a more substantial earnings per share decline. XOM stock has outperformed its peers so far this year and has risen while oil prices pulled back. This has made Exxon Mobil somewhat expensive.
@Theotrade's Don Kaufman joins today's Big 3 to explain his bullishness on Exxon Mobil (XOM) and the CBOE Market Volatility Index (VIX). When it comes to Nvidia (NVDA), Don leans bearish.
In the latest trading session, Exxon Mobil (XOM) closed at $118.90, marking a -0.49% move from the previous day.
Oil is making a big move lower, with some analysts attributing the decline to Israel's decision not to target Iranian oil facilities.
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 (XOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nigeria approves XOM's $1.28 billion sale of onshore assets to Seplat Energy, ending over two years of regulatory delays and marking a shift toward offshore investments.
In the most recent trading session, Exxon Mobil (XOM) closed at $120.08, indicating a +0.06% shift from the previous trading day.