In the most recent trading session, Exxon Mobil (XOM) closed at $112.18, indicating a -1.05% shift from the previous trading day.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) shares fell Monday on indications from the oil supermajor that quarterly earnings would be weaker than expected. An 8K filing indicated earnings per share (EPS) would be around $1.50-2.40 per share, mostly less than the consensus forecast of roughly $2.30 per share.
The company released a few details about its coming quarterly report in a government filing.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) is expected to highlight quarter-over-quarter improvements when it files its quarterly earnings considerations 8-K, analysts at UBS believe. The UBS analysts have a ‘Buy' rating on the stock and a $154 price target, representing upside of about 35% from its current share price of $114.
XOM stock is climbing back from June lows along with the rise in oil prices. Exxon is fighting to block Chevron's acquisition of Hess.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
ExxonMobil (XOM) is currently producing around 650,000 barrels per day of oil from Guyana, and the Hammerhead FPSO is expected to ramp up the production to 1.5 million barrels per day.
Exxon Mobil and partners had a record-breaking profitable fiscal year in Guyana with the widest margins in the industry for a major project. Discovering oil in offshore Guyana took years and lots of money. There were many failures before there was oil found. The Sixth FPSO project, Whiptail, is underway and expected to be in production in fiscal year 2027, contributing to a future total production of 1.5 million BOD.
ExxonMobil (XOM) may suspend operations at its Gravenchon refinery due to an ongoing strike. The refinery, representing a fifth of France's refining capacity, has faced significant losses and operational challenges, leaving its future hanging in the balance.
ExxonMobil (XOM) and Air Liquide join forces to enhance low-carbon hydrogen and ammonia production at the Baytown, TX facility, slated to begin production in 2028, to drive industrial decarbonization along the U.S. Gulf Coast.
A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said.
Exxon Mobil Corporation completes largest shale patch merger with Pioneer Natural Resources. Analysts have mixed opinions on Exxon's future performance post-merger. Exxon's relentless commitment to cost control and potential for long-term growth make it a solid investment opportunity.