In the most recent trading session, Exxon Mobil (XOM) closed at $133.61, indicating a +2.41% shift from the previous trading day.
XOM keeps rewarding investors with rising dividends and buybacks, backed by low-cost assets and low debt, even in volatile oil markets.
XOM hires Shearwater Geoservices to run a large 3D seismic survey offshore Trinidad and Tobago to support deepwater oil and gas exploration.
Crude oil prices spiked then slid over recent trading sessions following the U.S. capture of Venezuelan president Nicolás Maduro. Ted Parkhill attributes the price action to the U.S. increasing access to oil, thus creating more oversupply.
Soft WTI prices near $60 threaten XOM's upstream earnings, but its low leverage and premium assets could help weather a weaker oil market.
President Trump has threatened to cut Exxon Mobil out of oil deals in Venezuela, but that hasn't derailed the rally in the energy giant's shares.
In a stunning escalation, President Donald Trump has threatened to bar ExxonMobil from operating in Venezuela after the company's CEO, Darren Woods, expressed deep reservations about investing in the country's battered oil sector. During a White House meeting last week, Woods reportedly described Venezuela as "uninvestable" without major legal reforms, prompting Trump to accuse the oil giant of "playing too cute" and warn of potential exclusion from future deals, as reported in The Guardian.
President Trump recently hosted oil executives at the White House to promote his plan for rebuilding Venezuela's oil industry.
Exxon Mobil remains interested in visiting Venezuela and is prepared to send an assessment team there, a source familiar with the company's strategy told Reuters on Monday, a day after U.S. President Donald Trump said he might keep the oil company out of the country.
Exxon Mobil targets $25 billion in earnings and $35 billion in cash flow growth by 2030, maintaining capital discipline and leveraging upstream productivity. XOM's expansion into carbon capture storage ("CCS") positions it to benefit from surging data center power demand and utility partnerships. Potential reentry into Venezuela offers long-term upside, though infrastructure redevelopment and asset security remain prerequisites and may extend beyond 2030.
Trump threatens to exclude ExxonMobil from future Venezuela oil deals after CEO calls the country "uninvestable" during White House meeting with other industry executives.
In premarket trading early on Monday, Exxon Mobil's shares fell 1.03% to $123.33. The company's share price had risen by 1.38% on Friday following the White House meeting.