ExxonMobil CEO Darren Woods speaks during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California.Exxon Mobil's months-long battle with two environmentally focused activist investors has cost the company the support of the California Public Employees Retirement System.CalPERS, the $484 billion pension fund manager, said in a letter on Monday it would vote in opposition to all of Exxon's 12 director nominees and its CEO Darren Woods at the shareholder meeting next week as a resu ...

Exxon Mobil Corporation (XOM) , in partnership with Indonesian state-owned oil company Pertamina, has embarked on an appraisal drilling project for a carbon capture and storage (CCS) hub in Indonesia.The initiative, announced during the Indonesia Petroleum Association (IPA) annual conference, marks a pivotal step in utilizing the nation's depleted oil and gas reservoirs, and saline aquifers for carbon dioxide storage.The project, known as the Asri Basin Project CCS hub, is located in Pertamina’s Offshore So ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this XOM commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Energy giant Exxon Mobil Corp (NYSE:XOM) has seen a cup and handle pattern pullback to the 50-day moving average, into 2023 zone highs and is currently pushing back above its September peak. The 115 call l ...

The value of legal claritygettyLed by CalPERS, the pension fund for California public workers, activist investors may oppose re-electing ExxonMobil ExxonMobil chief executive Darren Woods to the company board. His sin: seeking greater clarification regarding proposals that shareholders have previously rejected multiple times.The issue arises because Environmental, Social, and Governance (ESG) activist investors Arjuna Capital and Follow This tried to resubmit a proposal on Exxon’s 2024 proxy statement. The ...

ExxonMobil Corporation (XOM) , one of the world's leading oil companies, has struck oil at its Likembe-01 research well in Angola's offshore Block 15, marking a significant discovery after a two-year hiatus in the region. The news, reported by S&P Global Insights on Tuesday, highlights ExxonMobil's continued commitment to exploration and production activities in key offshore regions.The Likembe-01 well, situated in the Kizomba B development area, was drilled between February and April and reached a maximum ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...

Exxon Mobil Corporation (XOM) and QatarEnergy, a state-owned energy titan, have signed a framework agreement to acquire two offshore exploration sites off Egypt’s coast.Per the deal, QatarEnergy will hold a 40% stake in the Masry and Cairo concessions, with ExxonMobil retaining a 60% working interest. This partnership, pending approval from the Egyptian government, marks a significant expansion in the offshore exploration endeavors of both companies.The Masry and Cairo concessions, located off the north coa ...

Exxon Mobil (XOM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and natural gas company have returned -2%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Oil and Gas - Integrated - International industry, which Exxon falls in, has lost 1.2%. The key question now is: What could be the stock's future ...

zodebala Introduction In early February of this year, I began covering Exxon Mobil (NYSE:XOM) stock here on Seeking Alpha, and since then, the stock has surged by 15.8%, outperforming the market's return by about threefold. Needless to say, I am incredibly pleased with this outcome. Seeking Alpha, Oakoff's coverage of XOM My thesis at the time revolved around Exxon stock being a robust investment opportunity within the O&G sector as the company has maintained strong core earnings and is targeting significan ...

A Pennsylvania jury ordered ExxonMobil to pay $725.5 million to a former mechanic who claimed toxic chemicals in the company’s gasoline and solvents caused his cancer, according to attorneys for the plaintiff.The 10-2 verdict came on Thursday, attorneys said, after a trial in a state court in Philadelphia, where former mechanic Paul Gill alleged he was exposed to benzene in ExxonMobil products while working at a gas station between 1975 and 1980.Following the trial that lasted just over a week, the jury fou ...