ExxonMobil (XOM) states that the operational transfer will not affect its other businesses in Malaysia, reaffirming its commitment to continue conducting business in the country.
In the latest trading session, Exxon Mobil (XOM) closed at $113.41, marking a -1.61% move from the previous day.
ExxonMobil expects to grow earnings and cash flows steadily through 2027. That should mean bigger dividends every year.
Exxon Mobil Corp intends to transfer the operations of all assets of two production-sharing contracts in Malaysia to state energy company Petronas, Exxon Mobil said on Saturday.
Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said.
ExxonMobil's (XOM) Joliet refinery in Illinois experiences a storm-induced power outage, leading to a temporary shutdown and a flaring incident.
XOM's stock price has diverged from the broader market since my last writing. The price diverge, combined with the new development in its business fundamentals, has made XOM an even stronger buy. Besides my outlook for higher oil prices, I also see several key catalysts afoot that are more specific to XOM.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
ExxonMobil's (XOM) development plan for Hammerhead involves drilling up to 30 wells. The company plans to use a Very Large Crude Carrier conversion facility for the project.
Exxon Mobil Corp plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday.
Exxon Mobil Corporation XOM recently made a Form 8-K disclosure, stating that soft natural gas prices — resulting from reduced demand and surplus inventories — are expected to have negatively impacted its second-quarter 2024 earnings. Additionally, its announcement regarding diminished refining margins exacerbates apprehensions about second-quarter earnings performance.
ExxonMobil (XOM) expects soft gas prices and unfavorable changes in industry margins to hurt Q2 earnings.