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Why ExxonMobil (XOM) Might Surprise This Earnings Season
Zacks Investment Research· 2024-04-25 13:46
Investors are always looking for stocks that are poised to beat at earnings season and Exxon Mobil Corporation (XOM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ExxonMobil is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...
Q1 Earnings: Is Exxon Mobil set to strike oil or sink?
Invezz· 2024-04-25 08:40
With Exxon Mobil Corp (NYSE: XOM) gearing up to unveil its first-quarter earnings report, investors are eyeing the horizon with anticipation. As the energy behemoth steps into the earnings spotlight, projections and expectations loom large.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Analysts have already made their predictions, estimating that Exxon Mobil will bring in around $81 billion in revenue for the January to March period. However, this es ...
Why Exxon Mobil (XOM) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-04-24 14:40
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Devel ...
Should You Buy ExxonMobil (XOM) Ahead of Q1 Earnings?
Zacks Investment Research· 2024-04-23 14:26
Eyes are now on Exxon Mobil Corporation (XOM) , which is scheduled to report first-quarter 2024 earnings on Apr 26, before the opening bell. Some investors may be deliberating whether to purchase the stock of the leading integrated energy company before Friday or wait for a better entry point, as an erroneous decision could significantly affect portfolio gains.Incredible Price PerformanceExxonMobil has proven to be incredibly rewarding since the beginning of the year, gaining 21.7% year to date, surpassing ...
Exxon Mobil (XOM) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-04-22 22:51
In the latest market close, Exxon Mobil (XOM) reached $120.56, with a +0.57% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.The oil and natural gas company's shares have seen an increase of 5.63% over the last month, surpassing the Oils-Energy sector's gain of 3.26% and the S&P 500's loss of 3.97%.The investment community will be closely monitoring the performance of Ex ...
ExxonMobil Hits All-Time High, Closes in on Half-Trillion-Dollar Market Cap. Has the Stock Market's Leadership Changed?
The Motley Fool· 2024-04-21 14:45
The energy sector has been on an incredible run over the last few years.ExxonMobil (XOM 1.15%) reached an intraday all-time high of $123.75 per share on April 12. The oil major has pulled back a little since then, but Exxon is still up big on the year and has more than doubled over the last three years.Exxon's market capitalization currently sits at $474 billion as it approaches the feat of becoming the first half-trillion-dollar energy stock. Here's why Exxon is in favor with investors, and why the rally h ...
Exxon Mobil (XOM) Expected to Beat Earnings Estimates: Should You Buy?
Zacks Investment Research· 2024-04-19 15:06
Exxon Mobil (XOM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 26, 2024, might help the stock move higher if these key numbers are better than expec ...
How Much Will ExxonMobil Pay in Dividends This Year?
The Motley Fool· 2024-04-16 20:19
The oil giant is one of the world's top dividend payers.ExxonMobil (XOM -0.83%) is a leader in paying dividends. The oil giant paid a whopping $14.9 billion in dividends in 2023. That was the third-highest total in the world. It will likely pay even more in dividends in 2024. Drilling down into Exxon's massive dividendOn the one hand, ExxonMobil's total dividend outlay in 2023 was roughly flat with 2022's level. However, the payout increased on a per-share basis. Exxon raised its dividend per share by 3.4% ...
ExxonMobil (XOM) Advances $12.7B Whiptail Project Offshore Guyana
Zacks Investment Research· 2024-04-15 13:21
Exxon Mobil Corporation (XOM) , a U.S.-based energy giant, has announced its ambitious plans to proceed with a $12.7 billion deepwater oil project off the coast of Guyana. This significant move marks the company's sixth deepwater oil development on the Stabroek block, showcasing its commitment to tapping into the rich oil resources in the region. The project, named Whiptail, has received all necessary government and regulatory approvals, culminating in a final investment decision by ExxonMobil.ExxonMobil ex ...
ExxonMobil Stock Has 24% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-15 07:55
ExxonMobil stock was a good buy in 2022. Is it still?Oil prices that slumped over the warm winter are climbing back toward their highs of last summer, with West Texas Intermediate crude prices north of $85 a barrel -- and potentially heading higher as conflicts continue to roil the Middle East. What's the best way to play this trend of rising oil prices? Don't overthink it. Sometimes the obvious answer is the right one: Buy ExxonMobil (XOM -1.17%) stock, urges UBS analyst Josh Silverstein because this stock ...