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 ...

Jeremy PolandExxon Mobil (NYSE:XOM) management went out of their way to define the ongoing transition to the future. That probably has a whole lot more importance than the current earnings release because it defines how management looks at the future to drive the company's expected earnings. It needs to be as flexible as possible and realistic. The previous article centered on profitability and gaining a competitive edge. Now the CEO, Darren Woods, is sharing his vision on maintaining that competitive ed ...

CHUNYIP WONG XOM stock: Q2 recap I last analyzed Exxon Mobil Corporation (NYSE:XOM) stock in mid-July. As you can see from the following screenshot, that article was titled "Exxon Mobil: Buy The Dip" and was published by Seeking Alpha on July 17, 2024. In that article, I argued for a Strong Buy rating based on the following two factors: Price divergence. XOM's stock price has diverged from the broader market since my last writing. The price divergence, combined with the new development in its business fu ...

Financial Data and Key Metrics Changes - ExxonMobil reported earnings of $9.2 billion for Q2 2024, marking the second-best second quarter results in the last decade [6] - The company expects to generate between $80 billion and $140 billion in cumulative surplus cash from 2024 to 2027, with the Pioneer acquisition enhancing this projection [7] Business Line Data and Key Metrics Changes - Production from the Permian Basin surged to 1.2 million barrels per day, including contributions from Pioneer [7] - Sales of high-return performance products in the product solutions segment rose 5% sequentially to a new record [7] Market Data and Key Metrics Changes - Oil demand is projected to hold steady at around 100 million barrels per day by 2050, while demand for renewables and natural gas is expected to grow significantly [11] - The company anticipates global energy demand to be 15% higher in 2050 compared to current levels [10] Company Strategy and Development Direction - ExxonMobil's strategy focuses on transitioning from high carbon to low carbon energy, emphasizing technologies such as hydrogen, biofuels, and carbon capture and storage [12] - The company is developing new market opportunities in Proxxima and carbon materials, targeting high-value products with significant profit potential [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted that the integration of Pioneer is exceeding expectations, with significant synergies anticipated [10] - The company remains optimistic about the future, citing strong performance and the potential for growth across various scenarios, including a rapid energy transition [18] Other Important Information - ExxonMobil distributed $9.5 billion to shareholders in the quarter, with $4.3 billion allocated to dividends [8] - The company is focused on maintaining a disciplined approach to capital allocation, ensuring investments generate competitive returns [18] Q&A Session All Questions and Answers Question: Performance of Pioneer assets post-acquisition - Management indicated that Pioneer assets delivered record performance in Q2, with significant upside potential identified through collaboration [22][24] Question: Future production expectations from Guyana - Management expressed confidence in continued strong production rates from Guyana, attributing this to organizational focus and technological advancements [30][31] Question: Asset disposal strategy post-Pioneer acquisition - Management confirmed ongoing efforts to divest non-core assets, having achieved significant progress in cleaning up the portfolio [33][34] Question: Capital expenditure guidance and drivers - Management explained the increase in legacy CapEx to $25 billion is driven by attractive project opportunities and the addition of Pioneer [52][54] Question: Update on Golden Pass project timeline - Management confirmed a six-month delay for the Golden Pass project, now expecting first LNG in late 2025 [64] Question: Demand outlook for chemicals and market conditions - Management noted that chemical demand is returning to pre-pandemic growth rates, but supply-side challenges remain due to new capacity coming online [73][74]

Key TakeawaysExxonMobil reported better-than-expected second-quarter revenue and net income Friday thanks to higher production and oil prices.The company said it reached its highest production levels since the 1999 merger of Exxon and Mobil.The nearly $60 billion acquisition of Pioneer Natural Resources was also closed during Q2, contributing about $500 million to ExxonMobil's earnings during May and June. ExxonMobil (XOM) posted second-quarter results well above analysts' expectations Friday as record prod ...

Exxon Mobil (XOM) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.90%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $2.19 per share when it actually produced earnings of $2.06, delivering a surprise of -5.94%.Over the last four quarters ...

2024 2 nd Quarter Earnings Delivering industry-leading value by growing advantaged portfolio 08.02.24 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, potential addressable markets, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as biofuels, hydrogen, ammonia, direct air capture, and other plans to ...

Exxon Mobil Corporation XOM is set to release earnings results for its second quarter, before the opening bell on Aug. 2, 2024.Analysts expect the Spring, Texas-based company to report quarterly earnings at $2.01 per share, up from $1.94 per share in the year-ago period. Exxon Mobil is projected to report quarterly revenue of $90.99 billion, compared to $82.91 billion a year earlier, according to data from Benzinga Pro.Exxon Mobil and its partner CNOOC Ltd have filed arbitration claims, asserting their righ ...