Exxon Mobil said on Tuesday changes in oil prices would ease its fourth-quarter upstream earnings by $500 million to $900 million.
XOM takes legal action against California's AG and environmental groups, accusing them of defaming its advanced recycling technology and seeking retraction and damages.
In the closing of the recent trading day, Exxon Mobil (XOM) stood at $107.74, denoting a -0.11% change from the preceding trading day.
Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show.
The oil price outlook is good for energy companies because it is depressed, averaging a long-term low for Q4 and at an extreme level likely to increase as the year progresses. This means the outlook for energy company earnings is likely too low and that an outperformance/upgrade cycle is about to unfold.
The S&P 500 closed out 2024 with a total return of 23.3%, building on its 24.2% gain in 2023. Despite a weaker finish to the year, the index notched 57 record closes, fueled by optimism around artificial intelligence (AI) and the Federal Reserve's interest rate cuts.
ExxonMobil (XOM -0.01%) and the rest of the energy sector are down big in the past month as oil prices hover around their lowest levels in a year. But the company has plans to drive shareholder returns even at mediocre oil prices.
ExxonMobil Corp. XOM may be pumping out oil, but its stock chart has hit a dry spell.
ExxonMobil plans to generate $165 billion in surplus cash flow over the 2025-2030 period, thanks to disciplined capital allocation and improved earnings power.
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's acquisition of Pioneer Resources expands its Permian Basin reach, doubling its acreage and enhancing its growth prospects. Recent share price drop due to Federal Reserve's slower rate cut pace for 2025 presents a buying opportunity for long-term dividend investors. Exxon Mobil boasts the largest free cash flow among large-cap energy firms, making it a strong value proposition despite recent market volatility.
Exxon Mobil (XOM) reachead $106.30 at the closing of the latest trading day, reflecting a +0.41% change compared to its last close.