ExxonMobil got a big boost from strong refining margins in the third quarter. That more than offset headwinds elsewhere across its business.
XOM's low debt load and strong balance sheet provide a cushion against oil price volatility, supporting operations, acquisitions and shareholder rewards.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
ExxonMobil signals lower third-quarter earnings
ExxonMobil heads into Q3 earnings with elevated crude prices and strong refining conditions supporting expectations for another potential earnings beat. Guyana's transition beyond cost recovery should reduce reported entitlement volumes while potentially improving margins and supporting stronger free cash flow. Permian production growth, Guyana's additional offshore capacity, and LNG expansion could help offset lower commodity prices over the coming years.
The EIA sees oil sliding toward $79 a barrel by 2027, and income investors need to know whether Exxon's quarterly check survives the drop before crude gets there.
Exxon Mobil Holdings (XOM) closed the most recent trading day at $177.01, moving +1.68% from the previous trading session.
Exxon (XOM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
XOM stands to benefit from oil prices above $90 per barrel, with low-cost production in the Permian and Guyana supporting its earnings and cash flow outlook.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Exxon has handed investors a larger dividend check every year for 43 consecutive years, but sliding crude prices and a 61% quarterly free cash flow drop are now stress-testing the limits of that promise.
In the most recent trading session, Exxon Mobil Holdings (XOM) closed at $168.56, indicating a +2.75% shift from the previous trading day.