Shares of Xiaomi Corp dropped as much as 8.7% to HK$47.5 on Monday, hitting their lowest level since April 30, after reports of a fatal crash involving one of its electric vehicles in China. The decli... ...

Core Insights - TechnipFMC has secured a significant new subsea contract to provide subsea production systems for ExxonMobil's Hammerhead development project in the Stabroek block, Guyana [1][3] Group 1: Contract Details - The financial details of the contract were not disclosed, but it is described as substantial, with an estimated value between $250 million and $500 million [3] - TechnipFMC is responsible for project management, engineering, and manufacturing of the subsea production system, which will support production and injection capabilities [3] - The subsea architecture will utilize products from the Subsea 2.0 technology platform, including subsea trees, manifolds, and related control systems [3] Group 2: Project Background - The Hammerhead project is the seventh greenfield project approved for ExxonMobil in Guyana since the first development project was approved in 2017 [3] - TechnipFMC expresses anticipation to continue servicing ExxonMobil in Guyana and to strengthen their relationship through future opportunities [3]

Core Viewpoint - Energy giants are facing tough decisions as oil prices weaken, leading to expected pressure on shareholder returns in the coming months [1] Group 1: Company Actions - Major oil companies, including ExxonMobil, Chevron, Shell, and BP, are implementing layoffs and cost-cutting measures in response to the industry downturn [1] - These companies previously enjoyed significant profits, with the five major Western oil companies collectively earning nearly $200 billion in profits in 2022 due to soaring fossil fuel prices [1] - A high proportion of cash flow from operations, reaching up to 50%, has been allocated to shareholder returns in recent quarters [1] Group 2: Strategic Adjustments - BP has already adjusted its strategy, and Total has announced plans to reduce shareholder returns, indicating a likely trend among other oil giants [2] - Analysts suggest that cutting stock buybacks may be a more feasible option than reducing dividends, as dividends are considered core returns for investors [2] - Saudi Aramco's earlier dividend cut due to uncertain oil price prospects has made other private oil companies cautious about similar actions [2] Group 3: Market Outlook - Analysts highlight three core issues for oil giants: whether to incur debt to maintain shareholder returns, reduce stock buybacks, or cut drilling activities, each carrying its own risks [3] - Despite earlier pessimism regarding oil prices, the market has shown resilience, stabilizing around $65 to $70 per barrel, although prices have recently dipped below this range [3][4] - The upcoming quarterly earnings reports from Total, Shell, ExxonMobil, Chevron, and BP will provide insights into how these companies plan to adjust their shareholder return policies in light of the weakening commodity prices [4]

Core Viewpoint - Energy supermajors are facing significant challenges due to a weaker crude price environment, leading to potential pressure on shareholder payouts in the coming months [1][2]. Group 1: Industry Trends - U.S. and European oil majors, including Exxon Mobil, Chevron, Shell, and BP, have begun cutting jobs and reducing costs in response to an industry downturn, marking a shift from the previous years of high profits [2][3]. - In 2022, the five largest Western oil companies reported nearly $200 billion in combined profits due to soaring fossil fuel prices following geopolitical events [2]. - The cash returns as a percentage of cash flow from operations (CFFO) have reached as high as 50% for several energy companies recently, indicating a trend of high shareholder returns [3]. Group 2: Financial Strategies - Analysts suggest that cutting buybacks is preferable to reducing dividends, as dividends are seen as more critical to investors [4][7]. - BP and TotalEnergies have announced plans to reduce shareholder returns, reflecting a necessary adjustment to the current market conditions [4][5]. - The potential for crude prices to fall into the $50 range next year, coupled with rising global inventories, is prompting oil companies to consider cost reductions and capital spending cuts [5][6]. Group 3: Market Outlook - Despite concerns, the current state of Big Oil is not as dire as initially expected, with oil prices remaining relatively resilient in the $65 to $70 per barrel range for a period [11][12]. - Recent trading data shows Brent crude futures at $64.97 per barrel and West Texas Intermediate futures at $61.24, indicating a slight decline [12]. - The upcoming earnings reports from major companies like TotalEnergies, Shell, Exxon Mobil, Chevron, and BP will be crucial in assessing the impact of the weaker commodity price environment on shareholder distributions [13][14].

Investment Rating - The report maintains a "Weaker than Market" rating for the U.S. stock market [1] Core Insights - The report highlights a significant market downturn due to renewed trade conflicts, with the S&P 500 dropping by 2.4% and the Nasdaq by 2.5% [3] - Only three sectors experienced gains, while 21 sectors saw declines, indicating widespread market fear [3] - The semiconductor sector attracted substantial capital inflows, contrasting with the overall outflow from the market [4] Summary by Sections Price Trends - The S&P 500 fell by 2.4%, and the Nasdaq decreased by 2.5% due to trade tensions [3] - The performance of sectors varied, with the Food, Beverage & Tobacco sector increasing by 1.7%, while Durable Goods & Apparel dropped by 8.4% [3] Capital Flows - The estimated capital flow for S&P 500 components was -$40.6 billion, indicating a significant outflow compared to the previous week [4] - The semiconductor products and equipment sector saw a capital inflow of $83.2 million, while the automotive sector experienced a $25.7 million outflow [4] Earnings Forecast - The report indicates a 0.3% upward adjustment in the earnings per share (EPS) forecast for S&P 500 components, with 21 sectors seeing an increase in earnings expectations [5] - The materials sector led the upward revisions with a 1.0% increase, while the energy sector faced a downward adjustment of 0.5% [5]

Core Insights - ExxonMobil has restarted the gasoline-producing fluid catalytic cracking unit (FCCU) at its Beaumont, Texas refinery after a brief unexpected shutdown [1][2] Group 1: Incident Overview - The FCCU, with a capacity of 120,000 barrels per day, went offline due to a malfunction, causing visible flaring across the refinery [2] - The shutdown lasted approximately two days, with the unit brought back online late Thursday [2][3] Group 2: Refinery Significance - The Beaumont facility is one of the largest in the U.S., currently operating at 612,000 barrels per day, producing significant volumes of gasoline, diesel, and jet fuel [3] - The FCCU plays a crucial role in converting heavy gas oils into high-value gasoline blendstocks for U.S. fuel markets [3] Group 3: Market Implications - Any prolonged outage could disrupt gasoline supply chains, especially as inventories are tight heading into the winter blend transition [4] - Current Gulf Coast gasoline stockpiles are near their five-year average, and refiners are preparing for seasonal maintenance amid weaker demand signals [4] - Market reaction to the incident was muted, indicating expectations for a quick normalization of output [4][5] Group 4: Industry Context - The incident highlights the finely tuned nature of U.S. refining capacity, where even minor mechanical failures can impact market stability [5] - The Beaumont complex's recent expansion to process more domestic light crude is critical for maintaining balance in the refining sector [5][6]

Key Takeaways ExxonMobil's earnings rely heavily on oil and gas from the Permian Basin and offshore Guyana.A 12.6% debt-to-capitalization gives ExxonMobil a strong balance sheet and low debt exposure.XOM's shares fell 5.3% in a year, but earnings estimates for 2025 have been revised upward.Exxon Mobil Corporation (XOM) is an integrated energy giant, but generates the bulk of its earnings from its upstream operations. With a strong presence in the prolific Permian Basin and offshore Guyana resources, its top ...

Exxon Mobil restarted the gasoline-producing fluidic catalytic cracking unit on Thursday at its 612,000-barrel-per-day Beaumont, Texas, refinery, people familiar with plant operations said. ...

Investors with a lot of money to spend have taken a bullish stance on Exxon Mobil (NYSE:XOM).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with XOM, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted ...

"海岸平原项目"目前仍处于初步规划阶段，埃克森美孚尚未宣布最终投资决策(FID)。该项目的曝光源 于埃克森美孚为申请得克萨斯州税收激励计划提交的材料。从申请文件可知，"海岸平原项目"当前处于 开发第二阶段，最早可能于2026年开工建设，预计2031年前后投产。此外，埃克森美孚在申请中提及， 正考虑在中东、北美其他地区、中国、印度、印度尼西亚等多地布局同类项目。值得注意的是，该公司 曾在2023年11月与印尼政府签署谅解备忘录，探索在当地开展石化项目的可能性。 埃克森美孚未具体说明导致项目延迟的市场环境细节，但市场人士称，自2024年底提交项目申请以来， 全球市场已发生诸多变化。一方面，美国对全球多数地区加征关税后，众多经济学家下调了全球GDP增 长预期;另一方面，乙烯与聚乙烯市场长期面临产能过剩问题，安迅思预测该市场需等到2028至2029年 才有望触底回升。此前，陶氏化学已暂停其在加拿大推进的"Path2Zero聚乙烯项目"，而该项目当时已 完成最终投资决策。 中化新网讯 10月1日，埃克森美孚公司宣布，将推迟一项拟议中的新建聚乙烯(PE)项目开发进度。埃克 森美孚在声明中表示："基于当前市场情况，我们将放 ...