ExxonMobil (XOM, Financial) has announced through a regulatory filing that its third-quarter earnings from oil and gas production, also known as upstream earnings, are expected to decrease by $600 million to $1 billion due to fluctuations in oil prices. The energy giant's earnings are highly sensitive to changes in oil prices.This anticipated earnings decline underscores the volatility of the oil market and its direct impact on companies involved in oil and gas exploration and production. As one of the worl ...

Surging back toward its 52-week highs, Exxon Mobil’s (XOM)  stock is starting to turn heads after brewing tensions in the Middle East have spiked crude oil prices to over $70 a barrel again.Outside the possibility of global oil supply chain issues, the rebound in the commodity price comes as OPEC+ had previously announced it would delay any production increases until December.  As reported by CNN, some analysts believe crude prices could soar to $100 a barrel this month. While this could be worrisome to con ...

SPRING, Texas, Oct. 01, 2024 (GLOBE NEWSWIRE) -- ExxonMobil today announces the introduction of Signature Polymers, a new approach to service and partnership with customers and the broader value chain. The stated brand ambition of Signature Polymers is to become the industry's most valued global partner through improved service and partnership. ExxonMobil will introduce new programs that inspire and inform the way it positions products and provides support to help customers innovate, strategize, and grow. T ...

Exxon Mobil Corporation's (XOM) divestment of its Nigerian onshore assets to Seplat Energy is set to be approved in the coming days, as stated by Nigeria's president Bola Tinubu, according to a Reuters report. This $1.28 billion deal has been under scrutiny since its announcement in 2022, with many analysts viewing it as a key indicator for the approval of similar transactions in the region. XOM's Strategic Move in Nigeria ExxonMobil's decision to sell its Nigerian onshore assets to Seplat Energy highlights ...

HOUSTON, TEXAS - FEBRUARY 01: An entrance to the ExxonMobil Spring campus is seen on February 01, ... [+] 2022 in Houston, Texas. ExxonMobil was the top-performing integrated supermajor in Q3 2024. (Photo by Brandon Bell/Getty Images) Getty Images The S&P 500 finished the third quarter of 2024 with a gain of 5.5%, with all three major U.S. indices recording quarterly advances, though the Nasdaq lagged behind. Typically, the S&P 500 is somewhere in the middle of the overall sector performances, but not this ...

Exxon Mobil Corporation (XOM) is at the center of a legal battle as California Attorney General Rob Bonta announced a lawsuit against the company, accusing it of misleading the public about the impact of plastic recycling. The lawsuit, unveiled during New York City's Climate Week, stated that ExxonMobil is engaged in a decades-long campaign to downplay the limitations of plastic recycling, contributing to the global plastic waste crisis.XOM Defends Advanced Recycling Amid California's ClaimsPer a Reuters re ...

Santa Monica , CA - July 22: California Attorney General Rob Bonta listens to Gov. Gavin Newsom ... [+] during a news conference on gun legislation Friday, July 22, 2022. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)MediaNews Group via Getty ImagesCalifornia’s ambitious attorney general, Rob Bonta, filed his long-expected lawsuit targeting ExxonMobil related to plastics recycling Monday, a move that will no doubt result in years of litigation that will linger on long afte ...

Exxon Mobil (XOM) ended the recent trading session at $117.36, demonstrating a +1.81% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.Coming into today, shares of the oil and natural gas company had lost 0.9% in the past month. In that same time, the Oils-Energy sector gained 0.29%, while the S&P 500 gained 2%.Investors will be eagerly watching for the performance ...

We have covered the stock before, and there have been a number of changes since last quarter, which are the subject of this report. On the macro side:Invest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we provide equity and fixed income research services which become more and more well-known locally among both professional investors and private clients. Here’s what we do: - Cover top 120+ Russian, US and Chinese stocks - Cover 200+ Russian bonds (corporate, SOE’s) Provide our researc ...

Exxon Mobil Corporation (XOM) is currently considered expensive on a relative basis, with the stock trading at a 6.01x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 3.85x.A premium valuation generally indicates that the market has strong confidence in the company’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Z ...