Demand and supply dynamics appear favorable for oil and gas companies. By 2030, 60% of U.S. power demand is expected to be dependent on fossil fuels. Exxon Mobil Corporation is heavily invested in LNG, which is experiencing a significant expansion in demand.
Exxon Mobil Corporation will report its Q3 results on Friday. Analysts expect a small revenue decline and a more substantial earnings per share decline. XOM stock has outperformed its peers so far this year and has risen while oil prices pulled back. This has made Exxon Mobil somewhat expensive.
@Theotrade's Don Kaufman joins today's Big 3 to explain his bullishness on Exxon Mobil (XOM) and the CBOE Market Volatility Index (VIX). When it comes to Nvidia (NVDA), Don leans bearish.
In the latest trading session, Exxon Mobil (XOM) closed at $118.90, marking a -0.49% move from the previous day.
Oil is making a big move lower, with some analysts attributing the decline to Israel's decision not to target Iranian oil facilities.
Zacks.com users have recently been watching Exxon (XOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Exxon (XOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nigeria approves XOM's $1.28 billion sale of onshore assets to Seplat Energy, ending over two years of regulatory delays and marking a shift toward offshore investments.
In the most recent trading session, Exxon Mobil (XOM) closed at $120.08, indicating a +0.06% shift from the previous trading day.
Exxon Mobil's recent bullish breakout was driven by strong Q2 results, with earnings of $2.14 per share and revenue of $93.06 billion. Despite YTD profit losses of -9%, Exxon saw a 15% quarterly gain in production, supported by record levels in the Permian and Guyana. Exxon's forward P/E valuation is 14.89x, comparable to Chevron but higher than Shell and BP, suggesting room for growth.
Nigeria has approved the sale of Exxon Mobil Corp's onshore assets to Seplat Energy , the chief executive officer of the country's upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed.
Energy has been the worst-performing sector over the past year, returning less than 1% compared to a 34% gain by the S&P 500.