Core Viewpoint - Exxon Mobil Corporation is poised for a significant increase in third-quarter earnings for 2025, driven by higher oil prices and strong refining margins, despite a recent decline in stock performance [2][3][6] Group 1: Earnings Forecast - Exxon Mobil anticipates an increase in earnings by up to $300 million in the third quarter of 2025 due to favorable market conditions [2][6] - The Energy Products segment is expected to contribute significantly to earnings, with forecasts ranging between $300 million and $700 million [4] Group 2: Stock Performance - Scotiabank reaffirmed its "Outperform" rating for Exxon Mobil and raised its price target from $125 to $128, indicating confidence in the company's future performance [1][6] - Despite a 4% decline in stock price over the past year, the company's robust earnings forecast could signal a potential turnaround [3][6] - The current stock price is $113.98, reflecting a slight decrease of 0.04, or approximately -0.04% [3] Group 3: Market Position - Exxon Mobil's market capitalization stands at approximately $485.9 billion, highlighting its substantial presence in the energy sector [5] - The company had a trading volume of 3,463,938 shares on the NYSE, indicating active trading and investor interest [5]

Key Takeaways ExxonMobil signs preliminary deals to explore and develop Iraq's massive Majnoon oil field.The deal with Basra Oil Company and SOMO aims to expand production and enhance Iraq's exports.SOMO and ExxonMobil are discussing additional storage in Singapore to strengthen access to markets in Asia.Exxon Mobil Corporation (XOM) has signed preliminary agreements for the exploration and development of the Majnoon oil field in Iraq. This marks the energy firm’s re-entry into Iraq after two years since it ...

Core Insights - Exxon Mobil Corporation (XOM) anticipates a sequential increase in third-quarter 2025 earnings by up to $300 million, primarily driven by changes in oil prices and favorable refining margins [1][8] - The company expects its energy products business unit to generate earnings between $300 million and $700 million in the same quarter due to favorable industry refining trends [4][8] Oil & Natural Gas Price Impact - XOM projects a sequential earnings increase of $200 million in Q3 2025 due to natural gas price changes, with potential impacts ranging from a $200 million loss to a $200 million profit [2] - Average WTI spot prices for July, August, and September 2025 were $68.39, $64.86, and $63.96 per barrel, respectively, indicating a healthier pricing environment compared to the previous quarter [3] Production Outlook - ExxonMobil aims to increase its Permian production to 2.3 million barrels of oil equivalent per day by the end of the decade, up from approximately 1.6 million [5] - The company has made significant oil and gas discoveries in offshore Guyana, estimating recoverable reserves at 11 billion barrels of oil equivalent [6] Dividend and Stock Performance - XOM's current dividend yield is 3.47%, lower than the industry average of 4.4%, with competitors like BP and Chevron offering higher yields [7] - Over the past year, XOM's stock has declined by 4%, underperforming the industry's composite gain of 1% [8][12] Valuation Concerns - XOM is considered overvalued, trading at a trailing 12-month EV/EBITDA of 7.32X, which is higher than the industry average of 4.49X [14] - Compared to BP and Chevron, ExxonMobil's stock is currently priced at a premium [14] Future Outlook - The third-quarter 2025 results are expected to reflect a weaker oil pricing environment compared to the same period last year, with projected WTI prices declining in the coming years [10][11] - Despite a strong production outlook, the anticipated weakening of crude prices may negatively impact XOM's earnings [11]

ExxonMobil has reached a non-binding agreement with the Iraqi Government to assist in the development of the Majnoon oilfield and enhance oil exports. Bloomberg previously reported that the US-based oil and gas company is looking to re-enter Iraq two years after leaving. According to a Reuters report, Iraqi Prime Minister Mohammed Shia al-Sudani announced a non-binding agreement with Exxon but did not provide details. It follows Iraq's recent deals with other oil companies including Chevron, bp and Tota ...

Group 1 - Canadian Imperial Bank of Commerce raised the target price for British Petroleum (BP.US) from $42 to $43 [1] - Canadian Imperial Bank of Commerce raised the target price for Chevron (CVX.US) from $160 to $165 [1] - Canadian Imperial Bank of Commerce raised the target price for ExxonMobil (XOM.US) from $125 to $128 [1]

ExxonMobil—the second largest oil and gas company by market cap and fourth largest by revenue—is engaged in a cost-cutting restructuring. However, the changes, including many layoffs, aren't keeping it from making a big bet in the Middle East. The company has inked an agreement to develop the supergiant oil field Majnoon in Iraq. The name is apt, given the field's size. In Arabic, Majnoon means crazy, mad, or insane—a perfect description for the estimated 38 billion barrels of oil it contains. Biggest oi ...

Core Insights - Major oil companies are under pressure to adapt to volatility in global energy markets and shifting demand, with investors closely monitoring their performance and strategies [1] - JP Morgan analyst Arun Jayaram has reiterated an Overweight rating on Exxon Mobil Corporation (NYSE:XOM) with a price forecast of $124 [1] Earnings Expectations - The analyst expects an adjusted EPS of $1.86 for Exxon Mobil, which is approximately 3% above the consensus estimate of $1.81 [2] - ExxonMobil anticipates changes in oil prices will impact its Upstream results by $(100) million to $300 million in the third quarter compared to the second quarter [3] Segment Projections - For the Upstream segment, total production is expected to be 4,790 MBoe/d and liquids output at 3,361 MBo/d, slightly above consensus estimates [4] - In the Energy Products segment, earnings are projected at $2.0 billion, an increase from $1.37 billion in the second quarter [4] - In Chemicals, net income is expected to rise to $500 million from $293 million in the second quarter [4] Financial Metrics - For Specialty Products, earnings are forecasted at around $788 million, compared to $780 million in the prior quarter [5] - Projected operating cash flow for the third quarter is $15.3 billion, with capital expenditure at $7.8 billion and free cash flow at $7.5 billion [5] - The analyst expects $4.2 billion in dividend payments and $5 billion in share buybacks [5] Market Performance - Exxon Mobil shares were up 0.54% at $114.87 at the time of publication [6]

Key Takeaways ExxonMobil's integrated model supports earnings stability during challenging commodity conditions.Over half of its production comes from high-return assets in Guyana and the Permian Basin.A low 11.06% debt-to-capitalization ratio enhances ExxonMobil's financial flexibility and resilience.Exxon Mobil Corporation (XOM) , a U.S.-based integrated energy giant,stands out among other industry majors due to its strong upstream presence, fortress-like balance, which enable it to maintain earnings stab ...

Exxon Mobil Corporation (NYSE:XOM) is one of the 13 Safest Stocks to Invest in Now, supported by hedge fund interest and significant return on equity. Exxon Mobil Corporation (XOM) to Cut 10% of Its Singaporean Personnel by the End of 2027 Reuters reported that Exxon Mobil Corporation (NYSE:XOM) has recently announced that it would cut 10% of its Singaporean personnel by the end of 2027. The action is a part of a larger restructuring that will result in 2,000 job losses worldwide, mostly in Canada and th ...

BAGHDAD (Reuters) -Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major's return to the country two years after leaving. The non-binding agreement with Exxon, a U.S. major, follows a string of deals with other oil companies, including Chevron, BP and TotalEnergies, as Iraq seeks to accelerate oil and gas production by offering more generous terms. Iraq holds some of the wo ...