Canada Markets closed

Exxon Mobil Corporation (XOM)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
92.11+1.16 (+1.28%)
At close: 04:03PM EDT
92.31 +0.20 (+0.22%)
After hours: 07:59PM EDT
Sign in to post a message.
  • P
    Listening to CNBC this morning, Brian Sullivan ask just about everyone about oil and gas and it’s affect on inflation. One contributor got it right. Unsure of his name, but he talked about jump starting oil production in the United States with emphasis on Alaska and Canada to curb the inflation problem. All others, sharing thoughts, basically denied, that the fuel of transportation cost, are lowering companies earnings numbers. Companies usually raise prices to pick up all, wholesale costs of merchandise to make profits. Maybe they calculated incorrectly or there is a typo in the books. In any case, how people in Finance and Economics can’t see that fuel cost can sway earning figures, is unbelievable.
  • K
    Crude -2.445MM
    Gasoline -5.102MM
    Cushing -3.071MM
    Distillates +1.075MM
  • D
    $BTE.TO conversation
    We have an energy crisis on our hands and I’m in love with it. Not sure how they will ever catch up!!
    Crude: -2.445M
    Cushing: -3.071M
    Gasoline: -5.102M
    Distillates: +1.075M

  • R
    Roger Atlas
    Sold all my tech stocks. I put the profits mainly into xom, some of Buffett's oxy and a few other oil plays. Good luck to all.
  • V
    I was able to earn over $45k in 2 weeks with an investment of $7k it been so amazing trading and investing with Joe Willie platform, you can contact him via Whats>App +1 (510) 679‑2890 or Tele>gram@joewillie06
  • 3
    Oil is defying the Monday hammering it has been enduring over the last month - trading up strong over the last 4 days with relatively strong volumes traded. It looks like it's testing the secondary peak set March 24 (one month after Russia invaded Ukraine). Also telling that the spread between WTI and Brent has narrowed quite a bit in the last few weeks. Apparently some oil traders are not buying the narrative contained in the latest report from IEA. The next 4 or 5 EIA inventory reports will either confirm or cast doubt on what IEA "estimated" regarding slowing demand, Russian supply, China, etc.
  • S
    May 16 (Reuters) - The amount of crude oil in the U.S. Strategic Petroleum Reserve (SPR) dropped by 5 million barrels in the week to May 13, data from the U.S. Department of Energy. The Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987." This is a dangerous trend as the government keeps pilfering emergency supplies. It will be very costly to replenish the used supply. Pray we don't have an actual emergency. Soon this anti-fossil fuel administration may have no choice but to cut more regulations and open up more drilling. The Green energy push will be riding backseat for the foreseeable future.
  • K
    Ok... looking at the chart, I really like a $95.50 price target... if you are a trader of XOM, $95.50 is looking like the next challenge/target. If you're long... well just enjoy your early retirement and don't touch XOM until at least Dec '23.
  • R
    Oil prices will drop if the EU fails to agree on Russian oil embargo. It looks like the EU is struggling on this embargo.
  • G
    WTI trading above Brent is interesting. Long term historical that was the case because the US used to import so much Brent. Now I think it is the Europeans buying our oil driving up the price. Will be interesting to see if the parity holds.

    As for today, we need to set a new 52 week high here shortly or it will look like a potential double top.

    $115 is the important level for oil to break above. If we double top and fail to break above $115 it would mean some retracing is in order.
  • L
    I was expecting a big sell off this afternoon. I guess that’s why I am still broke . Who knows what tomorrow holds !
  • P
    I remember when Jim Cramer said oil was not investable in 2020 because nobody wanted oil anymore 😂😂
  • s
    The nasdaq run has gone on for so long some people cant see the change even when its right in front of them. Then you have many nasdaq pundits saying oil will crash with demand destruction but they totally ignore the demand destruction that will happen with discretionary products first...Which in a lot of cases these days is electronics. But thats just what I think
  • K
    I already miss @noBS... it would be now/earlier that he would be imploring us to buy more, or some equally motivational GIF... the board won't be the same. Oh, and Titus is now awake... I used to looking forward to waking him up at $XX target price... the board is losing it's contrarian/pioneering spirit back from 2020... I'm glad we all made money, but I feel like we're losing our XOM outcast community... I'll pour out a very expensive glass of bourbon tonight in honor of what the board used to be... post your memories here...
  • C
    The streams have been crossed! WTI trading higher than Brent.
  • p
    Sold all my XOM today. 35 to 92. Good enough.
  • G
    New 52 week high, that is a positive.
  • o
    The only reason to sell XOM is to meet your margin call on Bitcoin.
  • o
    A Big Mac Value Meal is $5.99 and a gallon of gas is $4.50. Congress should tax McDonald's for price gouging.
  • T
    Yes, there's some demand destruction because of prices &, China lockdown but OPEC plus is also failing to meet their output targets. "OPEC+ Misses Production Target By Whopping 2.7 Million Bpd"