Core Viewpoint - Shares are reaching record highs despite analysts reducing profit forecasts, which increases pressure on Exxon to demonstrate its ability to achieve long-term growth [1] Group 1 - Analysts are trimming profit forecasts for Exxon, indicating potential concerns about future earnings [1] - The current high share prices create expectations for the company to provide a clear strategy for sustainable growth [1]

【DT新材料】 获悉， 1月26日， 埃克森美孚（中国）投资有限公司 （以下简称"埃克森美孚中国"）在深圳 比亚迪 总部与其签署长期战略合作备忘录， 标志着 双方在新能源混动技术领域迈入全新合作阶段。 此前， 埃克森美孚中国与比亚迪联合推出了专为插电式混合动力车型打造的比亚迪美孚™混动专加系列定制发动机油，在提升燃油经济性的同时 ，兼具优异的 水分处理能力和乳化稳定性，能够应对PHEV发动机经常因低温短途运行而容易产生水分的问题，为发动机提供出色的润滑保护，保障PHEV发动机在各种工况下 的平稳运行。 基于此，双方将继续发挥在技术共研与成果转化方面的创新能力，重点围绕定制化产品研发、技术协同与标准共建、品牌联合赋能等领域深化合作， 并积极探索 新材料应用等更多协同创新可能，共同助力行业向可持续 、智能化的未来发展，实现"强强联合、共创共赢"的长期愿景。双方也将协同优化供应链流程，进一步 提升比亚迪全球供应链的韧性，从而更高效地响应市场需求，服务全球消费者。 本次签约，比亚迪集团董事长兼总裁 王传福 、比亚迪集团副总裁兼第二十一事业部总经理任林，埃克森美孚全球润滑油业务总裁 贺达威 、埃克森美孚北亚润滑 油业务 ...

Core Viewpoint - The capture of former Venezuelan president Nicolás Maduro has sparked optimism in the commodities market, particularly regarding the potential for Western oil companies to access Venezuela's vast petroleum reserves [1] Group 1: Market Reactions - The State Street Energy Select Sector SPDR ETF (NYSEMKT: XLE) has increased by 10% year to date, indicating strong market enthusiasm [2] - ExxonMobil (NYSE: XOM), which constitutes 24% of the ETF, has outperformed with a gain of 12.2% since the beginning of 2026 [2] Group 2: Investment Considerations - While some investors are optimistic about ExxonMobil benefiting from regime change in Venezuela, caution is advised as the company has not operated in Venezuela since 2007 due to asset seizures [4][6] - Current operations in Venezuela are limited to Chevron (NYSE: CVX), making ExxonMobil's potential entry into the market uncertain and likely years away from yielding benefits [6][8] Group 3: Long-term Outlook - Although entering Venezuela could enhance ExxonMobil's long-term cash flows, the realization of these benefits is expected to take several years [5][9] - CEO Darren Woods has acknowledged opportunities in Venezuela, but investors should not expect immediate results from any potential agreements [7][8]

Group 1 - Oil stocks experienced a broad rally, with Occidental Petroleum (OXY.US) rising over 4%, ConocoPhillips (COP.US) increasing more than 3%, and ExxonMobil (XOM.US) and Chevron (CVX.US) both gaining over 2% [1] - Brent crude oil futures surged more than 4% during the day, strongly breaking through the $70 per barrel mark, driven by market concerns over escalating tensions between the U.S. and Iran [1] - President Trump continues to apply pressure on Iran to terminate its nuclear program, threatening military action and deploying naval forces to the region [1] Group 2 - Reports indicate that Trump is considering options that include precise strikes against Iranian security forces and leaders to incite protests and potentially overthrow the current Iranian regime [1] - Analysts warn that if Iran retaliates, such as by closing the Strait of Hormuz, it could have catastrophic effects on the transportation of over 20 million barrels of oil per day [1]

Core Viewpoint - Oil stocks experienced a significant rally, driven by rising tensions between the U.S. and Iran, which have led to a surge in Brent crude oil prices above $70 per barrel [1] Group 1: Oil Stocks Performance - Occidental Petroleum (OXY.US) rose over 4% - ConocoPhillips (COP.US) increased by more than 3% - ExxonMobil (XOM.US) and Chevron (CVX.US) both saw gains exceeding 2% [1] Group 2: Market Dynamics - Brent crude oil futures surged more than 4% in a single day, breaking the $70 mark - The market is concerned that escalating tensions between the U.S. and Iran are a primary driver of rising oil prices [1] Group 3: Geopolitical Factors - President Trump is intensifying pressure on Iran to halt its nuclear program, threatening military action and deploying naval forces to the region - Reports indicate that Trump is considering options for precise strikes against Iranian security forces and leaders to incite protests and potentially overthrow the current regime [1] Group 4: Potential Risks - Analysts warn that if Iran retaliates, such as by closing the Strait of Hormuz, it could have catastrophic effects on the transportation of over 20 million barrels of oil per day [1]

1月29日，挪威央行投资管理（Norges Bank Investment Management）正式发布 2025 年年度投资报告。 数据显示，全球最大主权财富基金之一的挪威政府全球养老基金（Government Pension Fund Global，GPFG）在2025年实现15.1%的整体回报率，基金规模 于2025年12月31日达到21.268万亿挪威克朗（约合15.47万亿人民币）。 从基金规模变动细节来看，2025年基金会计收益达2.362万亿克朗（约1.72万亿人民币），但受挪威克朗对多国主要货币升值影响，汇率因素导致基金价值 缩水。同时，扣除管理费用后的资金净流入为319亿克朗，多重因素共同作用下，基金全年规模净增1.526万亿克朗。 从资产类别表现来看，权益类投资成为基金收益的核心驱动力。2025年，基金股票投资回报率高达19.3%，显著跑赢其他资产类别。其中，科技、金融及 基础材料板块表现尤为突出，贡献了权益投资的主要收益。挪威央行投资管理首席执行官尼古拉・丹根（Nicolai Tangen）在声明中强调："2025年基金交 出了极具说服力的成绩单，科技、金融与基础材料领域的优质股票持续 ...

Core Insights - Global natural gas demand is projected to grow nearly 2% in 2026, driven by a new wave of liquefied natural gas (LNG) supply that is reshaping market dynamics [2][9] - North America is leading the LNG investment surge, with over 80 billion cubic meters (bcm) of U.S. capacity reaching final investment decisions in 2025, reinforcing its position as the world's largest LNG supplier [4][9] - The expansion of LNG supply is expected to enhance market liquidity and reduce long-term price pressures, although short-term price volatility may still occur due to external factors [3][7] LNG Market Dynamics - The International Energy Agency anticipates that global LNG supply will grow by 6.7% in 2025, with a further acceleration to over 7% in 2026, marking the fastest growth since 2019 [5] - LNG is increasingly linking gas markets globally, allowing for more flexible cargo movements and tighter price correlations between European and Asian markets [3] - Demand growth is expected to be primarily driven by China and emerging Asian markets, while European gas demand is forecasted to decline as renewables replace gas in power generation [6] Investment Opportunities - Companies such as Shell, Kinder Morgan, and ExxonMobil are positioned to benefit from the expanding LNG market, each playing a significant role in the LNG value chain [9][10] - Shell has a long-standing presence in the LNG industry, with about 40 million tons of equity capacity and operations across the entire LNG value chain [11][12] - Kinder Morgan focuses on reliability and logistics in its LNG business, with a vertically integrated model that includes liquefaction, storage, and delivery capabilities [13][14] - ExxonMobil has extensive LNG experience, producing nearly 25 million tons per year and engaging in key projects globally, including in Papua New Guinea and Australia [15][16]

Irrespective of your goals in the market, it’s always useful to consider the volatility skew of your favorite optionable securities. Volatility skew is a screener that identifies implied volatility (IV) or a stock’s potential kinetic output across the strike prices of a given options chain.Even more significantly, the pensiveness isn’t just a narrative interpretation; rather, it has had a serious impact on how options traders have structured risk in Exxon Mobil stock.Now, it’s true that over the trailing fi ...

Group 1 - Major reports are expected from Mastercard Incorporated, Caterpillar Inc., and SAP SE before the market opens on Thursday [1] - Tech companies Apple Inc. and Visa Inc. will report their earnings after the market closes on Thursday [1] - Energy companies Exxon Mobil Corporation and Chevron Corporation are set to report before the market opens on Friday [1] Group 2 - A busy day for healthcare reporting is anticipated next Wednesday, with Eli Lilly and Company, AbbVie Inc., Novartis AG, and Novo Nordisk A/S scheduled to release their earnings [1] - Alphabet Inc. will report its earnings after the market closes on the same day [1] - The week will conclude with Amazon.com Inc. reporting after the market closes next Thursday [1]

Group 1 - Exxon Mobil and Chevron executives are expected to face inquiries regarding their investment opportunities in Venezuela during analyst calls [1] - The focus on Venezuela may overshadow discussions about their actual quarterly earnings [1]