U.S. oil and gas major Exxon Mobil signaled in a regulatory filing on Monday that changes in oil prices could boost its third-quarter upstream earnings up to $300 million compared with the previous three months.
Exxon Mobil remains a growth and income opportunity. XOM's ongoing efficiency drive, including workforce reductions, positions the company for improved profitability. New projects, such as the Guyana FPSO, are expected to deliver above-average returns and support future earnings growth for XOM.
Its new retail voting program is no ‘power grab.'
Exxon Mobil offers 25% upside trading below fair value despite strong fundamentals, new tech, and robust cash flow. XOM's proprietary Permian Basin tech could double recovery rates, unlocking billions in additional revenue and establishing a durable competitive moat. Guyana deepwater project delivers massive, low-cost production growth, with execution ahead of schedule and substantial profit potential for XOM.
XOM gives Saipem the go-ahead on a $500M EPCI deal for the Hammerhead project, its seventh offshore development in Guyana.
Permian growth positions Chevron, ExxonMobil and ConocoPhillips for decades of cost-advantaged production and stronger earnings.
Exxon Mobil Corp expects to cut the number of its employees in Singapore by 10% to 15% and move its office to the site of its Jurong plant from downtown by the end of 2027, in global restructuring efforts, the company said on Wednesday.
Exxon Mobil joins other oil industry leaders by announcing its move to cut costs by eliminating 2,000 jobs across its global workforce as part of a "long-term restructuring plan."
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) revealed plans to reduce its international workforce by 2000 positions as the Texas-based oil company consolidates smaller offices into regional hubs as part of a long-term restructuring plan. The regional hubs will focus on Exxon's key growth initiatives such as oil in Guyana, liquefied natural gas (LNG) along the Gulf Coast, and international trading.
ExxonMobil's chief executive Darren Woods sought assurances from Mozambique's president Daniel Chapo last week about security for a proposed $30 billion gas terminal in the African nation ahead of a decision to greenlight the project, the Financial Times reported on Tuesday, citing sources with knowledge of the talks.
XOM leans on low-cost, high-return assets in Guyana and the Permian to stay resilient against oil price swings.
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.