Jeremy Poland Exxon Mobil Corporation (NYSE:XOM) is in an area of the market that has yet to return to historical valuations. Some of this is due to the end of the boom times in 2014. The price of oil (CL1:COM) declined sharply in 2015 (roughly) and the following recovery aborted early. This was followed by the pandemic. But all of that is unlikely to repeat quite the way it happened in the future. Therefore, it is time to reassess how a company should be valued now that the cyclical nature of the busin ...

Exxon Mobil Corporation (XOM) and Shell plc (SHEL) have announced a partnership with the Singapore government to develop a cross-border carbon capture and storage (CCS) project.The collaboration aims to significantly reduce Singapore's carbon dioxide (CO2) emissions, marking a pivotal step in the country's decarbonization journey.The Singapore-based units of these energy giants — ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd. — have established the S-Hub consortium to lead the development o ...

Exxon Mobil Corporation (XOM) reiterates its commitment to closing the planned $59.5 billion acquisition of Pioneer Natural Resources (PXD) in the second quarter of this year. The announcement was made by ExxonMobil's senior vice president, Neil Chapman, during a conference hosted by Morgan Stanley on Wednesday.Navigating Regulatory PathwaysExxonMobil remains on track with its proposed acquisition of Pioneer Natural Resources, aiming to close the deal in the second quarter of 2024, as reaffirmed by Chapman. ...

Exxon Mobil Corporation (XOM) and QatarEnergy are reportedly in advanced discussions to divest their majority stake in Adriatic LNG, Italy’s largest liquefied natural gas (LNG) import terminal, to Vitol, per a Reuters report.This transaction could mark a pivotal shift for Vitol, granting it a substantial role in the European LNG market at a time when Italy’s LNG inflows are witnessing an upward trend.Adriatic LNG, officially known as Terminale GNL Adriatico Srl, is strategically positioned off the Adriatic ...

Exxon Mobil Corporation (XOM) and Malaysian oil giant Petronas have agreed to extend their exploration activities in Suriname.The decision comes as part of their ongoing efforts to replicate the massive oil and gas success found in the neighboring basin offshore Guyana.Despite the initial challenges faced in Suriname, where exploration has not yet met the levels of success seen in Guyana, Petronas and ExxonMobil's perseverance is notable. The discovery of gas at offshore Block 52 in 2020 was deemed commerci ...

SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) today announced Neil Chapman, senior vice president, will conduct a fireside chat at Morgan Stanley’s Energy & Power Conference at 12:00 p.m. ET in New York on March 6, 2024. To access the live webcast, visit https://morganstanley.webcasts.com/starthere.jsp?ei=1660465&tp_key=6c146265d7. An archived, audio portion of the webcast will be available on the ExxonMobil website approximately 24 hours after the event. ### About ExxonMobil Exxon ...

Exxon Mobil (XOM) closed the latest trading day at $104.36, indicating a -1.4% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.12%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.41%.Heading into today, shares of the oil and natural gas company had gained 3.8% over the past month, outpacing the Oils-Energy sector's gain of 3.04% and lagging the S&P 500's gain of 4.83% in that time.Market participa ...

Exxon Mobil Corporation (XOM) entered an agreement to divest its interest in the Gulf of Mexico’s Ursa and Princess fields.Esperanza Capital Partners (“ECP”) and Andros Capital Partners are acquiring the stake as a joint venture (JV). The financial details of the deal have not been disclosed, marking a significant move for both buyers and the seller.The JV between Esperanza Capital Partners and Andros Capital Partners is strategically aimed at the acquisition and further development of upstream assets in th ...

Exxon Mobil Corporation (XOM) and CNOOC Ltd. are considering exercising their rights to acquire Hess Corporation’s (HES) stake in a major offshore oil development in Guyana.The move threatens to disrupt Chevron Corporation’s (CVX) ambitious $53-billion acquisition aimed at securing a 30% interest in the lucrative Guyana oil block, a deal central to Hess’ offerings.ExxonMobil announced its potential preemption of Chevron’s acquisition, signaling a brewing dispute over the Stabroek block. The contention arise ...

2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 jurisdiction of (I. ...