Its 'Retail Voting Program' is a power grab by management. ...

Core Viewpoint - Exxon Mobil, Petrobras, and TechnipFMC have requested intervention from Brazil's antitrust regulator Cade regarding the merger of energy contractors Subsea7 and Saipem [1] Group 1: Companies Involved - Exxon Mobil is one of the major oil companies involved in the petition [1] - Petrobras is a state-run oil company in Brazil that is also part of the petition [1] - TechnipFMC is an oil services provider that has joined the request for regulatory intervention [1] Group 2: Regulatory Context - The petition is directed towards Brazil's antitrust regulator, Cade, indicating concerns over competitive practices in the energy sector [1] - The merger between Subsea7 and Saipem is under scrutiny, suggesting potential implications for market dynamics in the energy contracting industry [1]

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Core Insights - ExxonMobil Corporation (XOM) and ConocoPhillips (COP) are major players in the energy sector, with XOM having an integrated business model while COP focuses primarily on upstream activities [1][3] - Over the past year, XOM's stock has seen a slight decline of 0.8%, whereas COP's stock has dropped by 12.8% [1] Company Operations - ConocoPhillips has a strong presence in the Lower 48 states, particularly in the Permian Basin, and has recently completed integration with Marathon Oil's assets, leading to increased production and operational efficiency [3][4] - ExxonMobil's key upstream assets include the Permian Basin and offshore Guyana, with expectations to grow Permian production to 2.3 million oil equivalent barrels by the end of the decade and a resource base of approximately 11 billion barrels in Guyana [4] Shareholder Returns - ConocoPhillips is committed to returning capital to shareholders but has faced dividend volatility due to commodity price fluctuations, while ExxonMobil has a long history of consistent dividend increases supported by its integrated business model [5][6] - ExxonMobil's dividend payments have remained stable, benefiting from its refining business during periods of low oil prices, while ConocoPhillips had a significant dividend cut in 2016 [6] Financial Health - Both companies maintain strong balance sheets, but ExxonMobil has a lower debt-to-capitalization ratio of 12.6% compared to ConocoPhillips' 26.4%, indicating lower debt exposure [7] - In terms of valuation, ConocoPhillips trades at a trailing 12-month EV/EBITDA of 5.20X, which is lower than ExxonMobil's 7.19X, suggesting that investors are willing to pay a premium for ExxonMobil's earnings [8] Market Outlook - The U.S. Energy Information Administration (EIA) projects a significant decline in oil prices, with an average spot price of West Texas Intermediate crude expected to be $64.16 per barrel this year, down from $76.60 last year [9][10] - Lower oil prices are likely to negatively impact exploration and production activities for both ConocoPhillips and ExxonMobil [10]

U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow's invasion of Ukraine, according to two sources familiar with the talks. ...

Core Viewpoint - Oil and gas stocks are experiencing a strong upward trend, with notable gains in several companies, driven by rising crude oil prices [1] Group 1: Company Performance - Murphy Oil and Houston Energy have both increased by over 7% [1] - Major companies such as BP, ExxonMobil, Total, Eni, and Chevron have all seen gains exceeding 2% [1] Group 2: Market Conditions - As of the report, Brent crude oil has risen by over 1.7%, reaching $67.11 per barrel [1] - WTI crude oil has increased by nearly 2%, now priced at $63.11 per barrel [1]

ExxonMobil has taken the final investment decision (FID) on the Hammerhead project, the seventh development on Guyana's Stabroek block, following regulatory clearances. The Stabroek block is operated by ExxonMobil Guyana, which holds a 45% interest. Hess Guyana Exploration and CNOOC Petroleum Guyana have 30% and 25% stakes in the block, respectively. The $6.8bn Hammerhead project is expected to commence operations in 2029. The project will use a floating production storage and offloading (FPSO) vessel ...

Core Insights - ExxonMobil Corporation has made the final investment decision for the Hammerhead project, marking its seventh offshore development in the Stabroek Block, which is a highly productive oil region in Guyana, with production expected to commence in 2029 [1][9] Group 1: Hammerhead Development Details - The Hammerhead development is projected to cost approximately $6.8 billion and will consist of 18 production and injection wells, utilizing a floating production storage and offloading (FPSO) vessel with a capacity of about 150,000 barrels of oil per day [2][9] - ExxonMobil aims to achieve a production target of 1.7 million barrels of oil equivalent per day (boe/d) from Guyana by the end of the decade, with current production levels around 650,000 boe/d [2][3][9] Group 2: Government and Infrastructure Plans - The government of Guyana plans to utilize associated gas from the Hammerhead project for a gas-to-energy initiative, which will involve transporting gas via a pipeline network to generate electricity for the country [3] Group 3: Upcoming Projects - The Uaru and Whiptail oilfield developments, which are the fifth and sixth projects in the Stabroek Block, are expected to begin production in 2026 and 2027, respectively [4] - ExxonMobil holds a 45% interest in the Stabroek Block, with partners Chevron Corp. and CNOOC holding 30% and 25% interests, respectively [4]

Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, with a focus on banks, telecommunications, logistics, and hotels [1] - The popularity of insurance companies in the Philippines has influenced investment strategies, leading to diversification beyond traditional savings in banks and properties [1] - The investment approach has evolved from focusing solely on blue-chip companies to a more diversified portfolio across various industries and market capitalizations [1] Group 2 - The entry into the US market occurred in 2020, following a period of learning and analysis through platforms like Seeking Alpha [1] - The investor has holdings in US banks, hotels, shipping, and logistics companies, indicating a broad interest in these sectors [1] - The comparative analysis between the US and Philippine markets has been a key aspect of the investment strategy, enhancing understanding and decision-making [1]

I have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I focus on banking, telco, and retail sectors. A colleague encouraged me to engage in the stock market as part of my portfolio diversification instead of putting all my savings in banks and properties. ...