Previous Close | 105.66 |
Open | 106.47 |
Bid | 104.95 x 800 |
Ask | 105.05 x 2200 |
Day's Range | 104.83 - 106.95 |
52 Week Range | 80.69 - 119.92 |
Volume | |
Avg. Volume | 16,150,258 |
Market Cap | 424.392B |
Beta (5Y Monthly) | 1.08 |
PE Ratio (TTM) | 7.11 |
EPS (TTM) | 14.77 |
Earnings Date | Jul 27, 2023 - Jul 31, 2023 |
Forward Dividend & Yield | 3.64 (3.47%) |
Ex-Dividend Date | May 15, 2023 |
1y Target Est | 127.95 |
(Bloomberg) -- Copper and European natural gas futures prices are both in the midst of multiweek losing streaks, while oil is looking to maintain the momentum after a two-week rally. In the US, investors will be focused on two annual general meetings from oil behemoths Exxon Mobil Corp. and Chevron Corp. Here are five notable charts to consider as the week in commodities gets underway.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCar
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.
Chevron (NYSE: CVX) recently made a big splash. It agreed to acquire PDC Energy (NASDAQ: PDCE) in a $7.6 billion deal. The highly strategic and accretive acquisition will provide Chevron with a meaningful boost.
Norway's $1.4 trillion wealth fund said on Friday it would vote for resolutions urging oil majors Chevron and ExxonMobil to adopt tougher greenhouse gas reduction targets. The fund would vote for shareholder proposals at both companies to adopt a medium-term Scope 3 greenhouse gas reduction target, against company management recommendations, it said on its website. Scope 3 emissions include those from the use of a company's products by customers and oil companies' climate plans have different approaches on how to calculate and reduce them.
Norway's $1.4 trillion sovereign wealth fund, the world's single largest stock market investor, said on Friday it would vote against CEO Darren W. Woods continuing as chair of the board at oil major ExxonMobil .
ExxonMobil (NYSE: XOM) has a long history of scavenging the earth in search of new energy sources. Its primary focus is on finding new oil and gas deposits to sustain and grow its fossil-fuel output. According to a report by the Wall Street Journal, Exxon bought 120,000 gross acres in southern Arkansas for more than $100 million from exploration company Galvanic Energy.
Exxon Mobil Corp and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations. The filing is the first disclosure of 2022 profits Exxon, Hess Corp and CNOOC Ltd earned from oil produced offshore Guyana.
Exxon Mobil Corp and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations. The filing is the first disclosure of 2022 profits Exxon, Hess Corp and CNOOC Ltd earned from oil produced offshore Guyana.
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Apart from ONEOK Inc. (OKE) and Chevron (CVX), ExxonMobil (XOM), Cheniere Energy (LNG) and TechnipFMC (FTI) hogged attention during the week.
Given ExxonMobil's (NYSE: XOM) enormous cash war chest, there has been a lot of focus recently on its next acquisition. Chord Energy has agreed to acquire 62,000 acres in the Williston Basin of North Dakota from Exxon.
Engine No. 1 CEO Jennifer Grancio examines Exxon's most recent investment in lithium production, conscious investing amid reshoring trends, and highlights several of Engine No. 1's own supply chain ETFs.
Equinor (EQNR), ExxonMobil and Shell enter into an agreement with the government of Tanzania to build a multi-billion dollar LNG export facility. The final investment decision for the same is yet to be taken.
ExxonMobil's (XOM) divested assets involve about 62,000 net acres in Williston Basin within and adjacent to near-term development program.
ExxonMobil (XOM) acquires 120,000 gross acres in the Smackover formation of southern Arkansas for more than $100 million from Galvanic Energy.
The following are the top stories in the Wall Street Journal. - China's cyberspace regulator said on Sunday that products made by U.S. memory chipmaker Micron Technology Inc had failed its network security review and it would bar operators of key infrastructure from buying from the company. - U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after the two leaders held a phone call on Sunday as the president flew back to Washington that both sides described as positive.
ExxonMobil (NYSE: XOM) firmly believes the world will need its oil for a long time. The company doesn't think the global economy will reach its target of achieving net-zero emissions by 2050 by pivoting to lower-carbon sources like renewable energy. It's taking a balanced approach to continue supplying the world with low-cost fossil fuels while investing in producing the lower-carbon fuels of the future.
Exxon Mobil Corp on Friday said an ongoing dispute over oil-spill insurance in Guyana could halt production at its first offshore platform there, cutting revenue by about $350 million per month. A Guyanese court this month found Exxon in breach of insurance obligations for Liza One, its first offshore oil project, and called for additional insurance adequate to protect against a catastrophic oil spill. Exxon and partners in an offshore consortium that has produced all the country's oil to date have $600 million in insurance and up to $19 billion in assets in the country, Exxon officials said at media briefing.
ExxonMobil (XOM) and partners approve investments worth more than $42 billion in Guyana, with a significant portion of the budget so far allocated to shipyards in Asia.
Equinor, Shell and Exxon Mobil have agreed a deal with the government of Tanzania for the development of a liquefied natural gas (LNG) export terminal in the East African country, the two sides said on Friday. The agreement is a milestone for the long-delayed project to unlock Tanzania's vast but remote offshore gas resources, which the companies involved have said is expected to cost tens of billions of dollars. Friday's deal includes the main elements of a host government agreement to provide a regulatory framework and a production sharing agreement, and is subject to legal reviews and quality assurance before an expected signing in the coming weeks, Norway's Equinor said.
Equinor, Shell and Exxon have reached agreement with the government of Tanzania for the development of a liquefied natural gas (LNG) export terminal, Equinor's manager in the East African country said on Friday.
(Bloomberg) -- Exxon Mobil Corp. said the prospect of the world reaching net zero carbon dioxide emissions by 2050 is “highly unlikely” due to the drop in living standards that would come with such a scenario. Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedHere’s How Much We
Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis, Exxon said the prospect of the world achieving net-zero carbon dioxide emissions by 2050 is remote and should not be further evaluated in its financial statements. Glass Lewis backed the initiative, concluding Exxon could face material financial risks from the net-zero scenario.
SPRING, Texas, May 18, 2023--Ahead of the 100th running of the 24 Hours of Le Mans, Mobil 1 joined together with Hagerty Media to celebrate this iconic milestone in racing with a first of its kind documentary: Racing with Giants: Porsche at Le Mans. The legendary motorsport and automotive brands collaborated with two-time Primetime Emmy Award and Peabody Award winner Robert Dalrymple and his production company to produce a film that will connect the race cars to the road cars they inspired, show
Chevron Corp and Exxon Mobil Corp, the two largest U.S. fossil fuel companies, are seeking Australia's backing for carbon capture and storage (CCS) and hydrogen projects as they look to increase investment in a bid to slash intensity of carbon emissions. Scaling up CCS projects and generation of hydrogen from renewable energy are crucial for Australia, the world's largest exporter of liquefied natural gas (LNG), to wean its economy off carbon, even as it seeks to meet LNG demand from top buyers such as Japan and South Korea. "Support doesn't just need to be dollars but it's that political support," David Fallon, general manager of energy transition at Chevron Australia, said at the Australian Petroleum Production and Exploration Association (APPEA) conference.