Exxon Mobil Corporation’s (XOM) ongoing arbitration over its right of first refusal concerning Hess Corporation’s (HES) Guyana operations has put a significant hold on Chevron’s (CVX) $53-billion acquisition of Hess.This delay has stalled a decision on whether ExxonMobil has a right of first refusal over Hess’ lucrative Guyana operations. The arbitration panel, tasked with deciding this critical issue, remains incomplete three months after the case was filed, hindering any immediate resolution.The sale has ...

Exxon Mobil Corporation (XOM) faced a setback as a federal judge in Texas dismissed its lawsuit against activist investor Arjuna Capital. The oil giant had sought to prevent a shareholder proposal by Arjuna Capital that called for significant reductions in the company’s greenhouse gas emissions.Judge Mark T. Pittman of the U.S. Court for the Northern District of Texas ruled that the case was moot because Arjuna Capital had withdrawn its proposal and promised not to submit similar proposals in the future. In ...

PM Images Exxon Mobil Corporation (NYSE:XOM), which is the largest component of The Energy Select Sector SPDR Fund ETF (XLE), making up 26.18% of the fund, is looking attractive again after retracing below the $110 level. Shares of XOM have been in a downtrend since April, as they have declined by -11.83%. Shares of XOM are now yielding 3.48%, and there is no confirmation that the sell-off has concluded as a bottom, which hasn't been established yet. The last time shares of XOM got caught in a downward tren ...

A federal judge in Texas on Monday dismissed a controversial lawsuit by Exxon Mobil against activist shareholder Arjuna Capital over a climate proposal, ruling that the firm's promise it would not resubmit the proposal had rendered the case moot. "Arjuna has eliminated any case or controversy between the Parties here, Exxon's claim is moot and must be dismissed without prejudice," U.S. District Judge Mark Pittman for the Northern District of Texas wrote in his ruling. Exxon had sued Arjuna Capital and anoth ...

Exxon Mobil (XOM) closed the most recent trading day at $108.36, moving -0.69% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.95%.The oil and natural gas company's stock has dropped by 8.8% in the past month, falling short of the Oils-Energy sector's loss of 7.24% and the S&P 500's gain of 3.71%.Market participants will be closely following the financial results of Exxon Mobil in it ...

JHVEPhoto WTI crude oil posted its best weekly performance in two months last week despite softer US inflation data, a strong US dollar, and a dismal performance from ex-US equities. While oil supply concerns remain apparent, both WTI and Brent have managed to hold the mid to high $70s per barrel. The same sort of price resilience is not seen in the relative strength of Energy sector stocks, however. Last Friday, the Energy Select Sector SPDR ETF (XLE) closed at its worst level versus the S&P 500 Trust ...

Bet_Noire Exxon Mobil (NYSE:XOM) is set to improve its earnings power through targeted investments in high-potential production areas such as Guyana and Permian, while at the same time the extension of OPEC+ supply curbs could also have a positive effect on petroleum prices. Exxon Mobil provides deep free cash flow value for investors, and the company has said that it is looking to push high-growth upstream assets in a bid to boost the importance of the production segment. With petroleum prices possibly ...

JHVEPhoto Introduction The U.S. is the place to be. Personally, I have invested 100% of my money in companies in the United States, which is based on factors like better energy security, political stability (despite all the turmoil), and the wide range of fantastic securities to pick from. Over the past ten years, the S&P 500 has returned 235%. The iShares MSCI All-World ex U.S. ETF (ACWX) returned just 44%! Data by YCharts While this trend will reverse at some point in the future, the market is still e ...

Exxon Mobil Corporation's (XOM) divestment of its oil and gas assets to Seplat Energy plc in Nigeria has faced significant hurdles but recent developments signal progress toward the deal's conclusion, per a report by Bloomberg.Nigeria's state oil company, the Nigerian National Petroleum Company (“NNPC”), has withdrawn its legal challenge to the transaction, removing a major obstacle that had stalled the $1.3-billion deal.The NNPC applied to a high court in Nigeria's capital, Abuja, to drop the case, a move ...

WendellandCarolyn/iStock Editorial via Getty ImagesThe Organization of Petroleum Exporting Countries could be poised to create substantial profit tailwinds for large energy companies like Exxon Mobil Corp. (NYSE:XOM). OPEC last week decided that it would extend cuts to its crude oil supplies to the end of 2025 which is a very bullish signal for Exxon Mobil as is the recent decision of electric-vehicle manufacturers to ramp the production of EVs much more slowly. Exxon Mobil might also profit from persis ...