Exxon Mobil (NYSE: XOM ) is positioning itself for the future economy through a major upshift in its energy products segment, while maintaining strong oil and gas production in the Permian Basin and offshore Guyana. This in part includes Exxon’sMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrial ...

I analyze oil and gas companies like Exxon Mobil and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here ...

ExxonMobil (XOM -0.36%) is the oil industry's leader by almost every important metric, including profitability. The oil giant produced a peer-leading $8.6 billion in profits during the third quarter and a monster $17.6 billion of cash flow from operations, which also led international oil companies.However, the fourth quarter proved more challenging for the oil giant as it issued a profit warning for the period. Here's a look at whether that's a concern or investors should buy the oil stock on its profit di ...

Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s XOM trading update reported yesterday.The oil giant anticipates changes in oil prices to reduce fourth-quarter upstream earnings Q/Q by $(0.9) billion to $(0.5) billion.Conversely, changes in gas prices are expected to impact its upstream results by between $0.0 billion and $0.4 billion.On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(0.7) billion – $(0.3) billio ...

Dublin, Jan. 08, 2025 (GLOBE NEWSWIRE) -- The "Canada Lubricants Market Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.Canada's lubricants market is experiencing steady growth due to factors such as industrial development, transportation needs, and the automotive sector contribute to the demand for lubricants. The market size is also influenced by various industries, including automotive, manufacturing, construction, mining, and agriculture. The market is served by both domesti ...

PASADENA, CA-OCTOBER 7, 2022: California Attorney General Rob Bonta holds a press conference. (Mel ... [+] Melcon / Los Angeles Times via Getty Images)Los Angeles Times via Getty Images ExxonMobil filed suit in a U.S. District Court in Beaumont, Texas Monday, targeting California Attorney General Rob Bonta and an array of environmental NGOs including the Sierra Club over what it says are smears related to its advanced plastic recycling business. In addition to the Sierra Club, other NGOs named as defendants ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

KEY TAKEAWAYSExxonMobil said it expects to take an up to a $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.Lower liquids prices are set to bring down its upstream earnings by between $500 million to $900 million in the fourth quarter of 2024 compared with the third quarter.The forecasted earnings hit comes at a time when demand for oil is soft and there is an oversupply of the commodity. ExxonMobil (XOM) said it expects to take an up t ...

Exxon Mobil Corporation (XOM) has filed a lawsuit against California Attorney General Rob Bonta and several environmental groups, accusing them of defaming its advanced plastic recycling initiatives, per a Reuters report. This legal move is part of ExxonMobil’s broader response to increasing criticism from environmentalists and legal challenges related to its role in climate change and greenhouse gas emissions.The lawsuit, filed in the federal court of Beaumont, TX, alleges that Bonta, in collaboration with ...

Energy Select Sector SPDR Fund Stock Forecast Today12-Month Stock Price Forecast:$87.47-0.58% Downside Moderate BuyBased on 382 Analyst RatingsHigh Forecast$87.47Average Forecast$87.47Low Forecast$87.47Energy Select Sector SPDR Fund Stock Forecast DetailsThe oil price outlook is good for energy companies because it is depressed, averaging a long-term low for Q4 and at an extreme level likely to increase as the year progresses. This means the outlook for energy company earnings is likely too low and that an ...