ExxonMobil (XOM -0.11%) has been a surprising stock market winner this year. Despite sluggish energy prices and the broader sector taking a back seat to the excitement in high-growth technology companies, shares of Exxon are up 20% thus far in 2024 and near its all-time high.The oil and gas giant continues to deliver solid financial results, reaffirming its blue chip status with a long history of generating positive shareholder returns. Heading into 2025, can the rally keep going or is it time for investors ...

Exxon Mobil Corporation (XOM) , the U.S. oil and gas giant, is scheduled to drill a well targeting natural gas finds offshore Cyprus in January 2025. Since the Russian invasion of Ukraine in 2022, many major energy companies have been trying to explore new energy reserves in the Mediterranean region in an attempt to diversify from Russia.Many oil-producing companies have been eyeing the East Mediterranean region, where many natural gas discoveries have been made in recent years. Following the invasion of Uk ...

Exxon Mobil (NYSE: XOM ) is a large, growing U.S. energy company with considerable earnings power and free cash flow strength. Exxon Mobil generated its highest amount of free cash flow in the last year in the SeptemberAnalyst’s Disclosure: I/we have a beneficial long position in the shares of XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no ...

ExxonMobil's focus on oil and gas production quality is paying off.The energy sector is chock-full of high-yield companies with inconsistent payouts or track records of slashing dividends during industrywide downturns. ExxonMobil (XOM -1.04%) is an exception.The largest U.S.-based oil and gas major by market cap just raised its dividend for the 42nd consecutive year to $0.99 per share per quarter. Investing $6,000 in Exxon stock should generate over $200 in passive income per year and likely more over time ...

Exxon Mobil Corporation (XOM) , the U.S.-based oil and gas giant, has announced its plans to lay off 397 Pioneer Natural Resources employees following the latter’s acquisition earlier this year. In May 2024, XOM acquired Pioneer Natural Resources in a transaction worth $63 billion. Following this, Exxon Mobil became the largest oil and gas producer in the prolific Permian Basin. The company benefited from integrating Pioneer’s assets into its portfolio. XOM’s production reached an all-time high in almost 10 ...

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., speaks during the 2022 CERAWeek by S&P Global conference in Houston, Texas, on Monday, March 7, 2022.President-elect Donald Trump should keep the U.S. involved in global efforts to address climate change, Exxon Mobil CEO Darren Woods said Tuesday.Trump should try to bring a "common sense" approach to the annual U.N. Climate Change Conference and "continue to have the U.S. influence policy around the world," Woods told CNBC's "Squawk Bo ...

Core Insights - Exxon Mobil has experienced a 24% rise in stock price since the beginning of 2024, currently trading around $121 per share, with potential for long-term gains despite limited near-term growth [1] - The company reported a record third-quarter liquid output, attributed to the acquisition of Pioneer Energy Resources, despite a 17% year-over-year decline in Brent oil prices [1][5] - Exxon's fundamentals remain strong, with a low debt-to-equity ratio of 0.2x, allowing it to withstand energy downturns [3] Financial Performance - Year-to-date earnings have doubled compared to the same period in 2019 on a constant-price basis [1] - In Q3, net production rose 5% quarter-over-quarter to 4.6 million barrels of oil equivalent per day, with the highest liquids production in over 40 years at 3.2 million barrels per day [5] - Q3 net income fell to $8.6 billion, or $1.92 per share, from $9.1 billion, or $2.25 per share, in the previous year, while revenues decreased by 1% year-over-year to $90 billion [5] Market Outlook - Forecasts for 2024 predict revenues of $308.2 billion, down 8% year-over-year, with expected EPS of $7.90, leading to a revised valuation of $127 per share [6] - The company plans to develop its fifth and most expensive project, the $12.7 billion Uaru project in Guyana, expected to produce around 250,000 barrels per day [7] Geopolitical Context - China's oil demand growth is projected to be around 180,000 barrels per day this year, significantly lower than previous years, due to economic slowdown and a shift to electric vehicles [2] - Ongoing geopolitical tensions, including the war in Ukraine and conflicts in the Middle East, could lead to higher oil prices, but increased output from the U.S. and non-OPEC countries is helping to balance the market [2]

Exxon Mobil Corporation (XOM) , the oil and gas supermajor, has concluded the purchase of a floating production, storage, and offloading (FPSO) vessel from SBM Offshore. The FPSO Prosperity, working for ExxonMobil’s Payara field offshore Guyana, was acquired through the transaction.While ExxonMobil has gained ownership of the vessel, SBM Offshore is responsible for its operations and maintenance activities. The transaction involves a total consideration of $1.23 billion in cash. The transaction was closed b ...

The energy giant's strategy has fundamentally improved its ability to make money.ExxonMobil (XOM -0.03%) has come a long way over the last five years. The oil behemoth has transformed into a much more profitable company. It delivered industry-leading profitability during the third quarter, enabling it to provide its shareholders with industry-leading cash returns. On its third-quarter conference call, CEO Darren Woods shared the secrets to the company's success and explained how it has become the most profi ...

Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (ot ...