Exxon Mobil Corp. (XOM, Financial) is an energy sector powerhouse that works with immense resources and strategic investments to propel its growth for the long term. In an ever-changing market landscape, the stock brings stability and resilience to any type of investor. A decrease in oil prices following the conflict in Ukraine meant that revenue decreased in 2023 compared to 2022, but Exxon Mobil has continued to maintain its strong financial position as well as open up new growth opportunities. A strong b ...

ExxonMobil is selling some noncore assets to sharpen its focus on its best assets.ExxonMobil (XOM -0.99%) closed its roughly $60 billion megadeal for Pioneer Natural Resources in May. The transformational transaction will double its footprint in the resource-rich Permian Basin. It will also give it the fuel to grow its production to 2 million barrels of oil equivalent per day (BOE/d) by 2027, up from 1.3 million BOE/d after closing the deal. The Pioneer transaction will also enable ExxonMobil to high-grade ...

ExxonMobil Corporation (XOM) ), the U.S. energy giant, is reportedly looking to sell a package of conventional oil assets in the Permian Basin, aiming to streamline its portfolio and focus on shale production. The transaction could potentially fetch around $1 billion, depending on oil prices at the time of the sale, according to a Bloomberg report.XOM Puts Some Permian Assets on the BlockThe assets are located in the Central Basin of the Permian, spanning across West Texas and Southeast New Mexico. These in ...

Exxon Mobil Corporation (XOM) forecasts that global crude oil demand will remain robust, exceeding 100 million barrels per day (bpd) through 2050, per a Reuters report.This outlook, significantly higher than BP plc's (BP) projection, underscores ExxonMobil’s aggressive production strategy, distinguishing it from its European counterparts. ExxonMobil, the largest U.S. oil company, revealed its latest global oil outlook, marking a substantial increase from BP's more conservative estimates.ExxonMobil’s product ...

Resistance levels are a large concentration of traders and investors who are looking to sell their shares at, or close to, the same price. The “level” is typically more of a range than a particular price.Sometimes these levels and ranges are clear and well-defined. As you can see on the following chart, that is the case with the $119.75 level for Exxon Mobil Corp XOM. This is why it's the Stock of the Day.Markets are driven by supply and demand. If there is more demand (buy orders) than supply (sell orders) ...

Oil and natural gas will still make up more than half of the world's energy mix in 2050 despite efforts to transition away from fossil fuels, according to a forecast published by Exxon Mobil on Monday.Fossil fuels currently represent about 80% of the world energy mix, according to the Paris-based International Energy Agency. Oil demand will plateau after 2030 but remain roughly at current levels of more than 100 million barrels per day through 2050, according to Exxon's forecast.Stubborn oil and gas demand ...

ExxonMobil is a well-run energy company, but it is still beholden to the volatility of oil prices.ExxonMobil (XOM 1.39%) is among the largest energy companies in the world. Whether it is using the Exxon, Mobil, or Esso nameplate, there's probably an ExxonMobil gas station somewhere near you. But being big and well known isn't enough to make the stock a millionaire maker. Here's what investors need to understand before they buy ExxonMobil.1. ExxonMobil is an industry giantExxonMobil has a market cap of rough ...

ExxonMobil is a dividend-paying machine.Recessions bring a lot of uncertainty. That can cause companies to become more fiscally conservative. They often press pause on growing their dividends and, in some cases, cut or suspend their payouts to conserve cash.However, that hasn't been the case for oil giant ExxonMobil (XOM 1.39%) over the years. It has increased its dividend for 41 straight years, which includes four recessions and many other oil market downturns. While its past performance in a recession doe ...

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Exxon Mobil (XOM) .Exxon currently has an average brokerage recommendation (ABR) of 1.87, on a ...

JHVEPhotoExxon Mobil (NYSE:XOM) generated a considerable amount of free cash flow from its operations in the second quarter and guided for $20B of annual stock buybacks until the end of next year. Exxon Mobil still benefits from petroleum prices in the $70s price range and will likely continue to generate a lot of free cash flow from its production assets going forward, especially after the company's $60B acquisition of Pioneer Natural Resources, which has already started to make a positive production i ...