ExxonMobil is a dividend-paying machine.Recessions bring a lot of uncertainty. That can cause companies to become more fiscally conservative. They often press pause on growing their dividends and, in some cases, cut or suspend their payouts to conserve cash.However, that hasn't been the case for oil giant ExxonMobil (XOM 1.39%) over the years. It has increased its dividend for 41 straight years, which includes four recessions and many other oil market downturns. While its past performance in a recession doe ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Exxon Mobil (XOM) .Exxon currently has an average brokerage recommendation (ABR) of 1.87, on a ...

JHVEPhotoExxon Mobil (NYSE:XOM) generated a considerable amount of free cash flow from its operations in the second quarter and guided for $20B of annual stock buybacks until the end of next year. Exxon Mobil still benefits from petroleum prices in the $70s price range and will likely continue to generate a lot of free cash flow from its production assets going forward, especially after the company's $60B acquisition of Pioneer Natural Resources, which has already started to make a positive production i ...

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 ...