U.S. oil and gas major Exxon Mobil has applied for environmental authorization for a 35-well exploration campaign in Stabroek block, some 120 miles (193 km) off Guyana's Atlantic coastline, according to environmental regulator EPA.
XOM's low-cost assets in the Permian Basin and Guyana position it to capitalize on elevated crude prices and a favorable 2026 oil market outlook.
The three biggest U.S. oil majors are sending mixed signals at current prices: Chevron (NYSE:CVX | CVX Price Prediction) at $185.82 looks constructive, Exxon Mobil (NYSE:XOM) at $146.60 looks constructive, and Occidental Petroleum (NYSE:OXY) at $55.47 warrants patience.
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Exxon Mobil's head of global trading Tracey Gunnlaugsson is retiring, two sources with knowledge of the matter said.
ExxonMobil's low 15.44% debt load helps it ride oil-price swings, fund acquisitions and reward shareholders.
The driven, unrelenting oil executive remade Exxon into a colossus that for a time became the world's biggest and most profitable company.
U.S. oil major Exxon Mobil on Tuesday reported $4.67 billion in profit from its Guyana operations in 2025, slightly lower than the previous year when oil prices were weaker.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
Exxon Mobil (NYSE:XOM | XOM Price Prediction) is a stock worth owning for decades because almost no company on the planet combines its scale, balance sheet strength, and 43-year dividend record with the kind of structural cost advantages that compound through every commodity cycle.
XOM grows production from key low-cost assets, strengthens cash flow and enhances resilience in a higher oil price environment.
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