XOM's $5.4B free cash flow in Q2 underscores its financial strength, fueling returns, investments and resilience in volatile energy markets.
Exxon Mobil has a strong integrated business model that provides stability across commodity cycles. The company's earnings and revenue consistently exceed analyst expectations. Exxon Mobil offers a reliable dividend yield with a history of annual increases.
ExxonMobil's massive Guyana oil finds and advanced Permian output set the stage for strong long-term production growth.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Russian President Vladimir Putin on Friday signed a decree that could allow foreign investors, including top U.S. oil major Exxon Mobil , to regain shares in the Sakhalin-1 oil and gas project.
XOM targets $30B in low-carbon investments, CCS leadership, and lithium supply to power its 2050 net-zero vision.
XOM secures full control of a vast Trinidad deepwater block, eyeing up to $21.7B investment if reserves prove significant.
ExxonMobil, operator of the offshore Guyana Stabroek consortium with partners Chevron and CNOOC, announced the startup of its fourth deepwater project, Yellowtail on Friday. With production capacity of 250,000 barrels of oil per day (bpd), Yellowtail raises total Stabroek capacity to 900,000 bpd faster than anyone had expected just a year ago.
XOM bets on offshore Guyana and Permian output growth to power long-term gains, despite weak share performance.
An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Exxon Mobil delivered strong Q2 earnings, driven by lower, yet robust petroleum prices and a growing production base, with support from the Permian Basin. XOM generated significant free cash flow, enabling aggressive share buybacks, making it a top capital return play. The oil and gas company is set to raise its dividend later this year, adding to its appeal as a dividend growth investment.