Exxon Mobil Corp (XOM)

Exxon Mobil News & Analysis

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  S&P 500 racks up gains as banking fears cool ahead of Fed meeting

  By Yasin Ebrahim                                                   Investing.com -- The S&P 500 rose Tuesday, led by a First Republic-led climb in bank stocks after Treasury Secretary Janet...

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  ExxonMobil Announces $2B Beaumont Refinery Expansion

  ExxonMobil (XOM) today announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and...

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  Bangladesh considering ExxonMobil pitch to explore untapped deepwater hydrocarbon blocks

  Bangladesh is considering a proposal from ExxonMobil to explore the country’s untapped deepwater hydrocarbon blocks under a new production-sharing contract model, as well as carry out oil...

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  Newmont's M&A Drive Offers Path From Decade-Long Gold Rut

  (Bloomberg) -- Newmont Corp.’s $17 billion push to buy Newcrest Mining (OTC:NCMGF) Ltd. comes as miners wrestle with the reality that gold deposits are small, costly and short in life —...

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  : Exxon Mobil has reduced its workforce for three straight years, while net income, revenue and the stock price have increased sharply

  Exxon Mobil Corp. XOM disclosed in its 2022 annual report that it had 62,300 employees at the end of last year, to mark a third-straight year that the oil giant’s workforce has been reduced....

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  What do ExxonMobil exits mean for the oil Majors?

  ExxonMobil’s recent announcement of the sale of its Italian and Thai assets is the latest in a series of divestment moves by the oil Majors. But how much more rationalisation is likely? Our...

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  Big Oil doubles profits in blockbuster 2022

  By Ron BoussoLONDON (Reuters) - Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of...

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  ExxonMobil, Chevron’s big cash shows cheap gas isn’t coming back

  If you want a quick outlook on whether U.S. gas prices are likely to return to pre-Covid levels, a good place to start is earnings reports from Chevron and Exxon in the last week. The...

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  ExxonMobil Ends 2022 Flush With Free Cash Flow

  ExxonMobil (XOM) announced in its full-year 2022 results that its annual free cash flow reached $62.1 billion in 2022, an increase of nearly $23 billion, or 64%, from 2021. Meanwhile,...

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  ExxonMobil on track to reach 1 million boe/d Permian crude output by 2027

  ExxonMobil remains on track to reach 1 million barrels of oil equivalent per day output from the Permian basin by 2027, company executives said in a fourth quarter earnings call Jan. 31. “As...

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  Fed’s Grip on Markets Thrusts Secondary Wage Data Into Spotlight

  (Bloomberg) -- Even as reams of corporate earnings pour in, the Federal Reserve and its intentions for interest-rate policy still dominate sentiment on Wall Street. Take Tuesday, when a...

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  Pfizer, McDonald's fall in premarket, International Paper, UPS jump

  By Geoffrey Smith  Investing.com -- Stocks in focus in premarket trading on Tuesday, 31st January. Please refresh for updates.  Pfizer (NYSE:PFE) stock fell 3.0% after the pharma...

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  ExxonMobil flat after confirming record profit

  By Geoffrey Smith  Investing.com -- ExxonMobil (NYSE:XOM) stock dipped before recovering in premarket trading on Tuesday, after confirming expectations of one of corporate America's biggest...

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  Fed meeting, Exxon record, Eurozone skirts recession - what's moving markets

  By Geoffrey Smith Investing.com -- The Federal Reserve starts a two-day policy meeting against a backdrop of weakening economic data - although the International Monetary Fund has raised its...

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  Exxon Mobil Tops Q4 EPS by 11c

  Exxon Mobil (XOM) reported Q4 EPS of $3.40, $0.11 better than the analyst estimate of $3.29. Revenue for the quarter came in at $95.43 billion versus the consensus estimate of $97.17...

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  Exxon Mobil earnings beat by $0.11, revenue fell short of estimates

  Investing.com - Exxon Mobil (NYSE: XOM) reported fourth quarter EPS of $3.40, $0.11 better than the analyst estimate of $3.29. Revenue for the quarter came in at $95.43B versus the consensus...

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  U.S. stock futures drift lower ahead of Fed decision, fresh corporate results

  By Scott Kanowsky  Investing.com -- U.S. stock futures edged lower as traders looked ahead to the Federal Reserve's much-anticipated interest rate decision this week, awaited a new slate of...

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  Dow futures tick higher, Harmonic dips 8.8% after results

  By Oliver Gray  Investing.com - U.S. stock futures were trading slightly during Monday’s evening deals after major benchmark averages finished the regular session lower as market...

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  Exxon Mobil, Pfizer, McDonald's earnings: 3 things to watch

  By Liz Moyer Investing.com -- Stocks were falling on Monday as investors prepared for the Federal Reserve's next decision on interest rates on Wednesday plus a slew of earnings reports from...

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  iPhone Sales, Zuckerberg’s Metaverse Bet, Spotify Pricing: Earnings to Watch

  (Bloomberg) -- The US economy grew faster than expected in the last quarter of 2022, but the mixed GDP report also showed consumer spending that was slower than forecast, suggesting that the...

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  4 big stock buybacks: Chevron goes big

  Here are some of the week's biggest share-buyback announcements, all first covered on InvestingPro. Chevron (NYSE:CVX) popped nearly 5% after saying it will buy back up to $75 billion in...

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  Dow futures tick lower as investors brace for Fed, earnings

  By Oliver Gray Investing.com - U.S. stock futures fell during Sunday’s evening deals, after major benchmark averages finished the week higher as market participants monitored a deluge...

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  Chevron edges lower after 4Q profit miss ends buyback-driven rally

  By Geoffrey Smith Investing.com -- Chevron (CVX) stock fell in premarket trading on Friday after profit at the U.S.'s second-largest oil and gas group fell slightly short of market...

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  Chevron Buyback Plan Draws Biden’s Ire as Pump Prices Climb

  (Bloomberg) -- Tensions between President Joe Biden and the oil industry are intensifying, stoked by Chevron Corp (NYSE:CVX).’s decision to repurchase $75 billion of shares and boost...

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  Chevron goes big with new $75 billion buyback, surpassing Exxon's

  By Investing.com Staff Chevron (NYSE:CVX) shares rose 2.5% after-hours Wednesday after the company announced a massive buyback plan and another dividend hike. The oil giant's Board...

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  Oil resumes rally as refinery outages offset 16-month high in crude stocks

  By Barani Krishnan Investing.com -- Oil resumed its rally on Wednesday after a one-day breather as traders focused on unplanned refinery outages versus crude stockpiles at 16-month...

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  Mizuho sees value in U.S. oil stocks despite 2022 outperformance, Exxon Top Pick for 2023

  By Senad Karaahmetovic  Mizuho analysts assumed research coverage of U.S. oil and gas stocks with a positive bias, despite outperformance in 2022. The firm downgraded a number of companies,...

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  Today's most important initiations

  By Davit Kirakosyan Mizuho Securities assumed coverage on ExxonMobil (NYSE:XOM) with a Buy rating and a price target of $140.00. Autonomous Research initiated coverage on Signature Bank...

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  Stock market today: Dow slides as rising yields blunt tech ahead of jobs data

  By Yasin Ebrahim                                                                                                 Investing.com -- The Dow fell Thursday, paced by a slump in tech from rising...

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  S&P 500 stumbles on rising Treasury yields amid fresh signs of hot jobs market

  By Yasin Ebrahim                                                                                                 Investing.com -- The S&P 500 stumbled Thursday, paced by a slump in tech from...

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  ExxonMobil says weaker oil and gas prices to weigh on profit, GS maintains Buy

  By Senad Karaahmetovic ExxonMobil (NYSE:XOM) signaled yesterday that it is set to deliver another strong profit for its fourth quarter. Exxon expects its operating profit to hit $15.4...

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  Stocks fall to open new year of trading, weighed by Apple and Tesla

  By Liz Moyer Investing.com -- U.S. stocks were off to a slow start in the new year, weighed by slumping tech giants as investors await this week’s minutes of the Federal Reserve’s last...

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  Midday movers: Tesla, PayPal Holdings, AMC Entertainment and more

  By Liz Moyer Investing.com -- Stocks were lower to start a new trading year on Tuesday as investors awaited the Federal Reserve's meeting minutes and data on jobs for December. Here are the...

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  Dow, Nasdaq, and S&P 500 2022 winners and losers: energy, tech lead the way

  By Daniel Shvartsman Investing.com -- Entering the last trading day of the year, it's no surprise to find the 2022 scoreboard filled with energy winners and tech losers.The Dow Jones...

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  9 big stock buybacks: Exxon to repurchase up to $50 billion

  Here are some of the biggest share-buyback announcements for this past week, all first covered on InvestingPro+. 1. Lowe's (NYSE:LOW) authorized a new $15 billion common stock repurchase...

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  Workers Have High Hopes for Pay Hikes Next Year. Perhaps Too High

  (Bloomberg) -- The pay negotiation season is looking increasingly fraught this year as workers fret about 8% inflation — and their job security. While the labor market remains tight,...

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  Today's most important buybacks

  By Davit Kirakosyan ExxonMobil (NYSE:XOM) announced an expansion of its $30 billion share-repurchase program, which is now up to $50B through 2024. It also recently increased its annual...

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  Midday movers: Ciena, GameStop, vaccine stocks and more

  By Liz Moyer Investing.com -- Stocks were rising on Thursday as investors tried to break the S&P 500's five-day losing streak ahead of next week's Fed meeting. Here are the midday movers for...

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  Rent the Runway, Hershey, Exxon Mobil rose premarket; Tesla fell

  By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Thursday, December 8th. Please refresh for updates. Rent the Runway (NASDAQ:RENT) stock rose 16% after the...

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  Exxon’s US Workers Get Inflation-Busting Pay Hike as Profit Hits Record

  (Bloomberg) -- Exxon Mobil Corp (NYSE:XOM). is awarding US employees above-inflation pay increases just weeks after the Texas oil giant posted its highest quarterly profit, underlining...

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  Midday movers: Walt Disney, Wynn Resorts, Coinbase and more

  By Liz Moyer Investing.com -- Stocks were trading lower on Monday as new lockdowns in China to contain the spread of Covid-19 sparked fear of a global slowdown. Here are the midday movers...

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  Exxon Mobil to start gas reserve seismic surveys in Greece

  ATHENS (Reuters) -Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece's Peloponnese peninsula and the island of Crete in the coming days, Prime Minister...

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  Today's Most Important Upgrades

  By Davit Kirakosyan Barclays upgraded First Solar (NASDAQ:FSLR) to Equalweight from Underweight and raised its price target to $162.00 from $89.00, noting it believes there will continue to...