Here's what you should do if the oil stock falls further.Shares of ExxonMobil (XOM -3.63%) were falling this morning and were down 3.1% as of 11:50 a.m. ET Tuesday, wiping out all of their gains and some from the previous day. Although the oil and gas stock typically mirrors movements in crude oil prices, there's another reason why ExxonMobil was falling today.Oil price volatility is hurting investor sentimentCrude oil prices tumbled Tuesday morning after OPEC cut its global oil demand forecast for 2024 to ...

StevenStarr73/iStock Editorial via Getty ImagesInvestment Thesis Following Exxon Mobil's (NYSE:XOM) strong bull run in 2022, we initiated a hold rating due to concerns about long-term revenue declines amidst the global transition toward low-carbon solutions. However, the company's recent strategic pivot and performance justify reassessing its rating, signaling a change in its performance that potential investors should consider. XOM is currently trading below its historical normalized P/E and price-to-f ...

Last week’s pullback has investors looking for stocks to buy. One of the most popular sectors for investors to look at is the energy sector. Most of us spend more money and time at gas stations than we’d like to. It can feel like an easy way to get some of that money back. Be careful to not just blindly buy any energy stock that you’re familiar with. There can be negative trends developing which you don’t realize.Today’s Bear of the Day is a very popular stock that has seen earnings estimates trend in a neg ...

All three companies are contributors to the growing onshore U.S. oil and gas industry.The price of West Texas Intermediate (WTI) crude oil -- the U.S. benchmark -- just fell below $70 a barrel, sending ripples throughout the energy sector. Long-term investors may view lower oil prices as an opportunity to scoop up shares of quality energy stocks on sale.There are plenty of ways to invest in oil and gas, such as an integrated major like ExxonMobil (XOM -0.47%) or exploration and production (E&P) companies li ...

Investors interested in stocks from the Oil and Gas - Integrated - International sector have probably already heard of Eni SpA (E) and Exxon Mobil (XOM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earni ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Exxon Mobil (XOM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Exxon currently has an average brokerage recommendation (ABR) ...

Exxon Mobil Corporation (NYSE:XOM) Barclays 38th Annual CEO Energy-Power Conference Call September 5, 2024 8:00 AM ET Company Participants Dan Ammann - President and Head, Low Carbon Solutions Conference Call Participants Betty Jiang - Barclays Betty Jiang Welcome to the Third Day of the 38th Barclays Annual Energy Conference. It's my great pleasure to introduce and welcome Dan Ammann, President and Head of Low Carbon Solutions at ExxonMobil. This is a business that's going to scale a portfolio of lower emi ...

Exxon Mobil Corporation (NYSE:XOM) Barclays 38th Annual CEO Energy-Power Conference Call September 5, 2024 8:00 AM ET Company Participants Dan Ammann - President and Head, Low Carbon Solutions Conference Call Participants Betty Jiang - Barclays Betty Jiang Welcome to the Third Day of the 38th Barclays Annual Energy Conference. It's my great pleasure to introduce and welcome Dan Ammann, President and Head of Low Carbon Solutions at ExxonMobil. This is a business that's going to scale a portfolio of lower emi ...

Exxon Mobil (XOM) closed the most recent trading day at $114.06, moving -1.22% from the previous trading session. This change lagged the S&P 500's 0.16% loss on the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%.Coming into today, shares of the oil and natural gas company had gained 1.15% in the past month. In that same time, the Oils-Energy sector gained 0.93%, while the S&P 500 gained 3.64%.Market participants will be closely following the financial result ...

Exxon Mobil Corporation (XOM) may soon have the opportunity to further solidify its dominance in the Permian Basin, as China state-backed oil and chemicals giant Sinochem considers selling its 40% stake in a joint venture (JV) with ExxonMobil, per a Reuters report. This move could potentially fetch more than $2 billion.The JV, focused on the Wolfcamp formation, spans approximately 83,000 net acres in the Permian Basin of Texas. This region has been instrumental in propelling the United States to the forefro ...