Exxon Mobil Corporation (NYSE:XOM) is included among the 11 Best Affordable Dividend Stocks to Buy Now. Why Exxon Mobil (XOM) Stands Out Among Affordable Dividend Stocks Exxon Mobil Corporation (NYSE:XOM) is an American energy company. It is using artificial intelligence to increase the effectiveness of its work and eventually grow its business. For example, Exxon Mobil Corporation (NYSE:XOM) has been utilizing machine learning in the past few years to avoid the breakdown of its equipment, raise product ...

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Core Insights - The oil industry is experiencing significant changes, including production cuts and layoffs, with ExxonMobil planning to cut 2,000 jobs, about 3 to 4% of its workforce [1] Financial Performance - ExxonMobil reported earnings of $7.1 billion last quarter, with shareholder returns totaling $9.2 billion, despite facing declining oil prices and increased market consolidation [2][7] - The company generated $11.5 billion in cash flow from operating activities and $5.4 billion in free cash flow, indicating strong operational efficiency [7] Market Conditions - November WTI crude prices have dropped to a four-month low, while Brent crude is trading below $66, as global oil supplies continue to rise [2] - OPEC+ is considering a supply increase of 500,000 barrels per day, which could further pressure the oil market [2] Shareholder Returns - ExxonMobil's dividend remains attractive, with a forward annual payout of $3.96 per share, yielding 3.47% [4] - The company returned $9.2 billion to investors in the last quarter, including $4.3 billion in dividends and $5.0 billion in share repurchases [8] Stock Performance - Year-to-date, ExxonMobil has gained 3.71%, but its 52-week performance shows a decline of 8.20%, closing at $111.53 recently [5] - The company has a market value of $480.7 billion, with a forward P/E ratio of 17.06, indicating a premium valuation compared to the sector median of 12.72 [6]

Group 1 - ExxonMobil plans to cut approximately 2,000 jobs globally, which represents about 3% to 4% of its total workforce of approximately 61,000 employees [1][4] - The layoffs are part of a broader restructuring effort following the acquisition of Pioneer Natural Resources for $60 billion in 2024, with previous cuts of nearly 400 employees in Texas last November [4][6] - The layoffs at ExxonMobil have prompted similar actions from its affiliate, Canadian Natural Resources, which announced a 20% reduction in its workforce, affecting around 900 employees [1][6] Group 2 - The energy sector is undergoing significant adjustments, with major companies like Chevron and BP also announcing layoffs of 15% to 20% and over 5%, respectively, while ConocoPhillips plans to cut 20% to 25% of its workforce [6][9] - The U.S. oil and gas production industry has already lost 4,700 jobs in the first half of the year, reflecting a trend of reduced activity in key oil-producing states due to fluctuating oil prices [6][9] - Brent crude oil futures have dropped approximately 10.5% this year, influenced by OPEC+ production increases and instability in U.S. trade policies [7] Group 3 - The current wave of layoffs is not limited to the energy sector, with over 800,000 job cuts announced across various industries this year, marking the highest number since the pandemic began in 2020 [9][13] - In July alone, U.S. employers laid off 62,075 workers, a significant increase from 25,885 in the same month last year, representing a 140% rise in layoffs compared to the previous year [9][13] - The technology sector is particularly hard-hit, with companies like Microsoft and Intel planning significant layoffs to redirect resources towards artificial intelligence and address poor performance [11][13]

Swiss specialty chemicals maker Clariant (OTCPK:CLZNF) (OTCPK:CLZNY) said Friday it rejects allegations from BP (NYSE:BP) and Exxon Mobil (NYSE:XOM) that its purchases of ethylene broke European Union competition law. Clariant (OTCPK:CLZNF) (OTCPK:CLZNY) said it is one of ...

The U.S. Supreme Court agreed on Friday to hear ExxonMobil's bid to obtain compensation from Cuban state-owned firms for oil and gas assets seized in 1960 under a federal law that lets Americans sue f... ...

We recently published 10 Stocks to Watch Ahead of Q3 Earnings Season. Exxon Mobil Corp (NYSE:XOM) is one of the stocks that Wall Street analysts are discussing these days. In the ‘Final Trades’ segment on CNBC, Jim Lebenthal, a partner at Cerity Partners, said that he likes Exxon Mobil Corp (NYSE:XOM). Here is what the analyst said: “Exxon Mobil Corp (NYSE:XOM), I know I spoke about it earlier earlier. There’s a stealth trade going on in energy.” ClearBridge Dividend Strategy stated the following regar ...

Exxon Mobil (NYSE: XOM ) is about to report its quarterly earnings on Oct 6th. I recently added a very small number of XOM shares to my long-term portfolio. Because when I see a company with good fundamentals and it is consolidating inI’m Laura Bennett, the writer behind Sophos Research. I started my career as a software engineer at Amazon, where I spent over five years working on large-scale distributed systems and backend architecture. My background is deeply technical, and over the years, my writing on s ...

Group 1 - Exxon Mobil (NYSE: XOM) is set to report its quarterly earnings on October 6th [1] - A small number of XOM shares have been added to a long-term portfolio due to the company's strong fundamentals and current consolidation [1] Group 2 - The writer has a background in software engineering and has developed an interest in financial markets, particularly in the intersection of software, infrastructure, and capital allocation [1] - The current role involves working at a tech firm that builds algorithmic trading platforms and low-latency infrastructure for institutional clients and hedge funds, providing insights into market functions [1]

ExxonMobil CEO Darren Woods has called the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD) “the worst piece of legislation I’ve seen since I’ve been in this job,” warning that its extraterritorial requirements and steep penalties could force global companies to reconsider doing business in Europe. The proposed directive would obligate multinational firms to align supply chains with the Paris Agreement, enforce legally binding climate transition plans, and expose violators to pena ...