ExxonMobil Corporation (XOM) ), the U.S. energy giant, is poised to further expand its oil operations in Guyana with a development plan for its seventh offshore project, Hammerhead, per a Reuters report. The plan is set to arrive by the first quarter of 2025. Guyana's Natural Resources minister, Vickram Bharrat, made this announcement, signaling another major leap in the South American nation’s journey toward establishing itself as a key player in the global oil market.Guyana has quickly emerged as the worl ...

apomares/E+ via Getty Images Exxon Mobil Corporation (NYSE:XOM) is the second largest publicly traded oil company in the world, behind Saudi Aramco. We discussed the company's lofty valuation in our last article, and the company's valuation remains high. However, with the potential to continue growth and drive long-term returns, Exxon Mobil is a valuable investment. Exxon Mobil Quarterly Performance Exxon Mobil had strong quarterly performance versus its market capitalization of $520 billion. Exxon Mobil In ...

ExxonMobil Corporation (XOM) , the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 billion) acquisition of Pioneer Natural Resources.The majority of the layoffs (39 employees) are from Las Colinas, a Dallas suburb that previously served as Pioneer's headquarters in Irving, TX. Additionally, 18 employees from Midland, located within the prolific Permian Basi ...

This month, Exxon Mobil Corporation (XOM) reported robust second-quarter 2024 earnings, driven by increased upstream production, improved crude oil realizations and the positive impact of the Pioneer acquisition. Notably, record production in offshore Guyana and the Permian Basin, the most prolific in the United States, continues to bolster the bottom line of this large integrated energy major.The critical question now facing investors is how to strategically position themselves regarding the stock. Before ...

ExxonMobil Corporation (XOM) , a U.S. energy major, has initiated the restart of several units at its Joliet, IL, refinery following a three-week outage caused by a power failure. The 251,800-barrel-per-day (bpd) facility, which was shut down in mid-July due to a storm-induced power outage, produces approximately 9 million gallons of gasoline and diesel daily.During the outage, 16 units, including a vacuum distillation unit and a catalytic cracker unit, were adversely impacted. According to media reports, t ...

Boost your passive income stream with these oil, gas, and renewable energy stocks.ExxonMobil (XOM 0.13%), the largest U.S.-based energy stock by market cap, has been a reliable dividend stock for decades. Despite the volatility of oil and natural gas prices, Exxon has paid and raised its dividend for 42 consecutive years.While Exxon is knocking on the door of an all-time high, other companies in the oil and gas and renewable energy industries have seen their stock prices tumble. Here's why Chevron (CVX 0.02 ...

ExxonMobil is preparing for whatever the future might bring.ExxonMobil (XOM 0.81%) is a firm believer that oil will remain vital to fueling the economy for decades to come. This view drives it to continue investing in oil projects. However, the company's focus is on the bigger energy picture, which is much broader than oil. It aims to participate in the overall growth in energy demand, no matter which direction the world ends up heading. Here's a closer look at ExxonMobil's long-term outlook for the energy ...

Exxon Mobil TodayXOMExxon Mobil$114.77 -2.11 (-1.81%) 52-Week Range$95.77▼$123.75Dividend Yield3.31%P/E Ratio14.06Price Target$134.78Add to WatchlistExxonMobil’s NYSE: XOM price action is not immune to the broad-market selloff, but operational quality, growth, and capital return point to a buy-the-dip opportunity. Exxon’s operational quality is improving due to efficiency efforts, modernization of its operations, and the impact of the Pioneer acquisition, which is not fully felt. The Pioneer acquisition clo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 1-2256 Exxon Mobil Corporation (Exact name of registrant as specified in its charter) New Jersey 13-5409005 (State or other ...

ExxonMobil is the undisputed leader in big oil.ExxonMobil (XOM -0.06%) is the 800-pound gorilla in the oil patch. The company simply dominates its peers. That was evident in its industry-leading second-quarter results.Here's a closer look at ExxonMobil's strong second-quarter performance and why its leadership should continue.Drilling down into Exxon's second-quarter reportExxonMobil delivered industry-leading second-quarter earnings of $9.2 billion. Exxon didn't just earn more money than its peers; it crus ...