埃克森美孚首席执行官伍兹（Darren Woods）表示，即使油价跌至50美元/桶，该公司也将保持其资本 配置计划不变。伍兹表示，去年年底，这家德克萨斯石油巨头在比当前环境"更具惩罚性的情况下"对其 业务进行了压力测试，并将结果提交给了董事会。其结果是，即使油价从目前的每桶65美元下跌，该公 司仍将继续投资新项目，并向股东返还现金。伍兹表示，尽管公司有灵活应变的能力，但"即使油价低 至每桶50美元，我们也不认为有必要做出改变。""为了实现差异化的长期价值，我们必须投资于有利可 图的增长和有利的投资机会，"他补充说。 ...

Core Viewpoint - Investors in the Oil and Gas - Integrated - International sector should consider OMV AG (OMVKY) as a potentially better value investment compared to Exxon Mobil (XOM) based on various valuation metrics and earnings outlook [1]. Valuation Metrics - OMVKY has a forward P/E ratio of 9.09, significantly lower than XOM's forward P/E of 16.87, indicating that OMVKY may be undervalued [5]. - The PEG ratio for OMVKY is 1.33, while XOM's PEG ratio is 2.06, suggesting that OMVKY offers better value relative to its expected earnings growth [5]. - OMVKY's P/B ratio stands at 0.67, compared to XOM's P/B of 1.65, further supporting the notion that OMVKY is undervalued [6]. Earnings Outlook - OMVKY is currently experiencing an improving earnings outlook, which enhances its attractiveness as a value investment according to the Zacks Rank model [7]. - OMVKY holds a Zacks Rank of 2 (Buy), while XOM has a Zacks Rank of 4 (Sell), indicating a more favorable earnings estimate revision trend for OMVKY [3].

Financial Data and Key Metrics Changes - In 2024, the company reported earnings of $34 billion and cash flow from operations of $55 billion, which were utilized to fund profitable growth, maintain financial strength, and reward shareholders [14][26] - The total shareholder return, which includes share price appreciation and dividends paid, was industry-leading over one, three, and five years [14][26] - The company has consistently increased its dividend for 42 consecutive years, marking it as a significant commitment to shareholders [14][34] Business Line Data and Key Metrics Changes - In the Upstream segment, the company achieved the highest liquids production in 40 years, with a focus on value rather than volume, resulting in unit profitability doubling since 2019 [15][16] - The acquisition of Pioneer is expected to deliver annual synergies averaging $3 billion over the next ten years, enhancing the company's position in the Permian Basin [17][65] - In Product Solutions, record sales of high-value products were driven by new advantaged projects, contributing to earnings power improvement [18] Market Data and Key Metrics Changes - The company anticipates a 15% increase in overall global energy use by 2050, with oil and natural gas demand expected to grow by 4% and 39% respectively [21] - Demand for chemical products is projected to grow from around 200 million tons per year to nearly 400 million tons by mid-century [21] Company Strategy and Development Direction - The company is focused on leveraging its competitive advantages to deliver industry-leading value across its businesses, emphasizing technology and innovation [8][12] - The strategy includes a commitment to low-carbon solutions, with expectations of contributing $3 billion to earnings by 2030 from these initiatives [24][55] - The company aims to maintain a strong balance sheet and lean cost base, having cut $13 billion in structural costs since 2019 [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to excel in any market environment, having prepared for challenging conditions through strategic planning [40][42] - The company views the energy transition as an opportunity rather than a threat, with plans to invest in profitable growth and advantaged investment opportunities [21][23] - Management highlighted the importance of maintaining dependable shareholder distributions while navigating market fluctuations [42] Other Important Information - The company has no shareholder proposals on the ballot for the first time in nearly 70 years, attributing this to its strong financial performance and proactive engagement with investors [24][39] - The company has invested over $43 million in community projects in Guyana, focusing on education, health care, and economic diversification [61] Q&A Session Summary Question: Will there be an increase in dividends this year? - The company recently increased the dividend to $0.99 per share, reflecting a commitment to a sustainable and growing dividend [33][34] Question: Where are the shareholder proposals? - The absence of proposals is attributed to the company's strong performance and willingness to engage with shareholders directly [36][39] Question: How does the company plan to adapt if oil prices decline? - The company has a robust strategy and low-cost supply portfolio, allowing it to maintain capital allocation priorities even at lower oil prices [40][42] Question: Why has the stock price been range-bound despite strong fundamentals? - The company has led its industry in total shareholder return and believes its stock is undervalued compared to its performance and opportunities [43][46] Question: What is the company's stance on current administrative policies? - The company maintains a long-term view and engages with governments to support policies that ensure energy security and responsible operations [47][48] Question: How has the Denbury acquisition progressed? - The integration of Denbury has strengthened the company's carbon capture and storage capabilities, with significant synergies expected from the acquisition [63][65]

埃克森美孚：即便石油价格跌至50美元/桶，公司也不会调整财务计划。 ...

智通财经5月28日电，埃克森美孚首席执行官表示，即使油价达到50美元，公司也不会改变财务计划。 ...

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable, particularly for Exxon Mobil (XOM) [1][5]. Group 1: Brokerage Recommendations - Exxon currently has an average brokerage recommendation (ABR) of 1.85, indicating a consensus between Strong Buy and Buy, based on 26 brokerage firms [2]. - Out of the 26 recommendations, 16 are Strong Buy, accounting for 61.5% of the total recommendations [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be prudent, as studies show limited success in brokerage recommendations guiding investors effectively [5][10]. Group 2: Analyst Bias and Limitations - Brokerage analysts often exhibit a strong positive bias due to their firms' vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. - This misalignment of interests can result in misleading insights regarding a stock's future price movements [7][10]. - The Zacks Rank, a proprietary stock rating tool, is suggested as a more reliable indicator of near-term price performance, as it is based on earnings estimate revisions rather than solely on brokerage recommendations [8][11]. Group 3: Zacks Rank vs. ABR - The Zacks Rank and ABR are fundamentally different; ABR is based on brokerage recommendations, while Zacks Rank is a quantitative model focused on earnings estimate revisions [9]. - The Zacks Rank is timely and reflects current business trends, whereas the ABR may not be up-to-date [12]. - Recent earnings estimate revisions for Exxon show a decline of 7.1% in the Zacks Consensus Estimate for the current year, indicating growing pessimism among analysts [13]. Group 4: Investment Implications - The recent decline in consensus estimates has resulted in a Zacks Rank 4 (Sell) for Exxon, suggesting caution despite the Buy-equivalent ABR [14].

大公司： 滴滴企业版成为3M国内首家出行服务商 近日，滴滴企业版正式成为世界500强企业3M公司在中国的首个出行服务商。通过无纸化报销、用车数 据线上化、低碳出行等创新服务，滴滴企业版将为3M提供高效、合规、可持续发展的出行管理方案。 在帮助外资企业来华用车管理便利上，滴滴企业版具有丰富的实践经验。截至2025年，滴滴企业版已累 计服务超过3000家外企，其中大型外企237家。过去12个月，外企客户在华用车单量同比增长39%，滴 滴企业版帮助他们节省综合成本约8800万元。 三星医疗：预中标约2.13亿元国家电网采购项目 36氪获悉，三星医疗公告，公司及全资子公司三星智能预中标国家电网有限公司2025年第三十一批采购 （营销项目第一次计量设备招标采购）和2025年第三十二批采购（营销项目第一次充换电设备招标采 购）项目，预计合计中标总金额约2.13亿元。 韦尔股份据悉已挑选银行筹备在香港上市 36氪获悉，据报道，韦尔股份据悉已挑选银行筹备在香港上市，拟筹集不超过10亿美元。 埃克森美孚将把法国子公司埃索出售给加拿大能源集团 能源巨头埃克森美孚周三表示，该公司已与加拿大能源集团北大西洋旗下的法国子公司进行了独家 ...

Core Viewpoint - A significant corporate conflict is occurring between Chevron and ExxonMobil over the Stabroek Block in Guyana, with Chevron's $53 billion acquisition of Hess Corporation facing opposition from ExxonMobil due to claims of a contractual right of first refusal [1][2] Group 1: Chevron's Position - Chevron's acquisition of Hess is crucial as its oil and gas reserves have decreased to 9.8 billion barrels, the lowest in over a decade, making the addition of Hess's stake vital for improving its reserve replacement ratio [3] - The transaction has received approval from Chevron's shareholders and U.S. regulators, but its success now hinges on the arbitration ruling regarding the joint operating agreement [4] - Chevron has proactively purchased approximately 5% of Hess's outstanding shares in anticipation of a favorable arbitration outcome, with over $10 billion in Hess stock acquired by merger-arbitrage funds [4] Group 2: ExxonMobil's Position - ExxonMobil perceives Hess's potential sale to Chevron as a threat to its control over the Guyana project and a disruption of a long-standing partnership [5] - The CEO of ExxonMobil emphasizes the importance of upholding its rights under the operating agreement, citing the early development risks taken by the company [5] - The legal dispute has strained the previously cordial relationship between the CEOs of ExxonMobil and Chevron, with the outcome expected to influence future interpretations of pre-emption rights in corporate acquisitions [6] Group 3: Industry Implications - The arbitration ruling, expected by the end of Q3, could set a precedent for how pre-emption rights are applied in high-value energy ventures, impacting strategic decisions across the oil and energy sector for years to come [6][7] - Regardless of the arbitration outcome, the case will have lasting effects on the competitive dynamics within the oil industry, determining whether Chevron secures a critical growth engine or Exxon consolidates its control [7]

对雪佛龙而言，收购赫斯是其拓展非常规资源、布局2030年后增长的关键落子。分析师警告，若交易告 吹，符合其标准的优质收购标的将所剩无几。更严峻的是，美国政府正考虑终止雪佛龙在委内瑞拉的运 营许可，使其面临"失血"风险。 智通财经APP获悉，全球能源行业正聚焦伦敦一场闭门仲裁听证会——埃克森美孚 (XOM.US) 与雪佛龙 (CVX.US)这两大石油巨头因圭亚那海上油田权益争端，将在此决出胜负。这场牵涉530亿美元收购案的 博弈，不仅关乎两家公司首席执行官的私人关系，更可能重塑全球能源版图。 冲突导火索是雪佛龙2023年10月宣布的收购计划：拟以530亿美元收购赫斯公司(HES.US)，后者持有圭 亚那Stabroek区块30%权益。作为该区块牵头运营商，埃克森美孚援引合同中的"优先权条款"，主张有 权否决或匹配收购报价。但雪佛龙与赫斯方面坚持认为，该条款仅适用于资产级交易，不适用于企业整 体并购。 在私下谈判破裂后，三方将于周一在伦敦启动仲裁程序，最终裁决预计8-9月出炉。这场法律较量的核 心，是价值可能高达400亿美元的圭亚那油田权益——当前该油田日产量已达65万桶，计划到2027年实 现翻倍，而埃克森美孚 ...

3、 苹果中国推出"Trade In换购计划"， 即日起至6月18日，用iPhone 12或后续机型换购新iPhone，预计可享550元到5700元的折抵优惠。此外，Apple Watch、iPad、Mac以及Android设备也都可以在换购时享受折抵优惠。 4、 哈佛大学赢得一项临时法院禁令，美国法官暂时叫停特朗普政府禁止哈佛大学招收国际学生。 该裁决是在哈佛大学于波士顿联邦法院提起诉讼数小时 后作出的。 1、国家主席习近平应约同德国总理默茨通电话。习近平指出，事实充分证明， 中德、中欧关系的正确定位是伙伴。 今年是中国同欧盟建交50周年，双方 要共同总结中欧关系发展成功经验， 发出维护多边主义和自由贸易、深化开放互利合作的积极信号。 2、国务院总理李强主持召开国务院常务会议， 审议通过《制造业绿色低碳发展行动方案（2025-2027年）》，研究进一步健全横向生态保护补偿机制有 关举措， 讨论《中华人民共和国食品安全法（修正草案）》。 1、 央行、外汇局拟完善境内企业境外直接上市资金管理，明确境外上市募集资金、减持或转让股份所得资金原则上应汇回境内 ，股东因增持汇出资金如 有剩余或交易未达成时，应及时汇回境 ...