Soft oil prices may have weighed on XOM's Q4 upstream earnings, but stronger refining margins and asset strength complicate the buy-or-wait call.
Exxon Mobil is undervalued by the market, treated as a cyclical commodity asset despite its diversified industrial business model. Two-thirds of XOM's revenue is independent of oil prices, with robust downstream, petrochemical, and retail operations providing stable earnings. XOM's low-cost production, especially in Guyana and the Permian, ensures strong margins even at $50 oil, supporting a reliable profit base.
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 Mobil Corporation is reiterated as a Buy, with shares near all-time highs and a pending technical breakout. XOM's Q3 results beat EPS and revenue estimates, with Permian production hitting a record and management raising full-year guidance. Management targets 10-13% cash flow and EPS CAGR, $20B in cost reductions by 2030, and a $30/bbl breakeven by decade's end.
In the closing of the recent trading day, Exxon Mobil (XOM) stood at $122.65, denoting a +1.92% move from the preceding trading day.
The ALPS Sector Dividend Dogs ETF (SDOG) completed its annual rebalance this month, refreshing 28% of its portfolio by swapping 14 stocks for 14 new names. The $1.26 billion fund removed holdings including Exxon Mobil Corp. (XOM), McDonald's Corp. (MCD) and Philip Morris International Inc. (PM) while adding Starbucks Corp. (SBUX), Target Corp.
ExxonMobil's refining arm gains as cheaper crude, tight product supply and strategic refinery upgrades enable it to remain competitive.
Exxon Mobil ( NYSE:XOM ) shares reached a new 52-week high yesterday, closing amid a resurgence in investor confidence.
Exxon Mobil Corporation XOM is a leading integrated energy giant that operates across the entire oil and gas value chain. XOM generates the majority of its earnings from its upstream business which is exposed to crude price volatility.
Exxon Mobil has raised its dividend for 43 consecutive years, and the payout looks safe even if crude falls to $40 a barrel.
XOM leans on low-cost Permian and Guyana output, cost savings and an integrated model to stay profitable as oil prices soften.
Russian President Vladimir Putin has extended by one year the deadline for the sale of U.S. oil major ExxonMobil's stake in the Sakhalin-1 oil and gas project until January 1, 2027, according to a decree published on Wednesday.