Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field. The Majnoon field has estimated reserves of 38 billion barrels, which makes it one of the biggest in the world. According to the companies currently involved in work in the field, additional seismic surveys could uncover more reserves at the field. Exxon confirmed the information in general, telling Bloomberg in ...

Core Viewpoint - Exxon Mobil is considering re-entering the Iraqi oil market after a nearly two-year absence, focusing on the exploration of the Majnoon field [1] Company Summary - Exxon Mobil is planning to sign agreements that would facilitate its exploration activities in Iraq's Majnoon oil field [1] Industry Summary - The potential re-entry of Exxon Mobil into Iraq highlights the ongoing interest of major oil companies in the region's vast oil reserves, particularly in light of previous operational challenges [1]

Group 1 - Piper Sandler reduced its price target on ExxonMobil to $141.00 from $145.00 while maintaining an Overweight rating, indicating a preference for long positions ahead of third-quarter results [1] - Preliminary figures from ExxonMobil's 8-K filing suggested earnings slightly below market expectations, impacting the overall outlook [1] - The firm forecasts third-quarter earnings per share of $1.81, an increase from the prior estimate of $1.51, but below investor discussions of $1.90–$1.95 due to negative timing effects in the upstream business [2] Group 2 - Despite lower contributions from upstream and chemical segments, ExxonMobil's outlook remains favorable due to strong refining fundamentals and robust global natural gas markets [3] - The anticipated negative timing effects in the upstream business are estimated at approximately $200 million, which were partially offset by stronger refining results [2]

ExxonMobil Corp. expects to post a sharp rebound in refining profitability for the third quarter of 2025, forecasting a $500 million increase in refining earnings compared to the previous quarter — a sign that the downstream sector remains a bright spot even as oil and gas prices stagnate. According to the company’s latest regulatory filing, refining margins are projected to add between $300 million and $700 million to quarterly earnings, driven by resilient demand during the summer driving season and imp ...

Core Insights - Exxon Mobil Corporation (XOM) anticipates a sequential increase in third-quarter 2025 earnings by $300 million due to changes in oil prices [1] - The company expects a sequential increase in September quarter earnings by $200 million attributed to natural gas price fluctuations [2] - The projected impact of oil price changes on XOM's third-quarter earnings is estimated to range from a loss of $100 million to a profit of $300 million, while natural gas price changes may result in a loss or profit of up to $200 million [2] Oil and Natural Gas Price Analysis - 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] - In the prior quarter, average prices were $63.54, $62.17, and $68.17 per barrel for April, May, and June [3] Earnings Expectations - XOM's energy products business unit is projected to generate earnings between $300 million and $700 million in Q3 2025, driven by favorable refining margins [4] - The Zacks Consensus Estimate for XOM's third-quarter 2025 earnings is $1.72 per share, reflecting a year-over-year decrease of 10.4% [4] Industry Context - Other integrated energy companies like Chevron Corporation (CVX) and BP plc (BP) are also affected by oil and natural gas price fluctuations, which are expected to impact their upstream businesses [5] - The Zacks Consensus Estimate for CVX's third-quarter 2025 earnings is $1.88 per share, indicating a year-over-year decrease of 25.1%, while BP's estimate is 70 cents per share, showing a decline of nearly 16% [6]

Key Points Exxon's 2030 plan will deliver significant earnings and cash-flow growth over the next several years. The company plans to invest heavily in growing its legacy oil and gas business and new lower-carbon energy businesses. Exxon should return a lot of cash to shareholders in the coming years. 10 stocks we like better than ExxonMobil › Demand for energy is at an all-time high and still growing. Economic expansion and new drivers like artificial intelligence (AI) are set to keep oil demand ...

Core Insights - The five largest global oil majors are implementing cost-cutting measures, job reductions, and share buyback adjustments due to declining oil prices threatening shareholder payouts [1][2][3] Group 1: Financial Performance and Shareholder Returns - Oil majors have maintained generous payouts exceeding $100 million annually since 2022, increasingly funded by debt as energy prices have retreated from previous highs [2] - Most oil majors require oil prices above $80 per barrel to sustain current dividend and share buyback levels, which reached record highs in 2022 [3] - Brent oil prices recently fell below $65, the lowest since July, with forecasts predicting further declines to the low $60s and potentially the $50s next year [4] Group 2: Strategic Adjustments - TotalEnergies plans to reduce buybacks starting in Q4 2023 and aims to cut costs by $7.5 billion by the end of 2030 to manage debt levels [4] - BP and Chevron have already reduced their buyback programs this year, while Shell has not announced any cuts to its buyback plans [4] - More than a dozen energy companies, including ExxonMobil, Chevron, Shell, and BP, have announced job cuts for 2025 and 2026 [5]

埃克森美孚(XOM.US)在周一美股盘后提交给美国证券交易委员会(SEC)的文件中表示，预计原油价格 变动将使其第三季度盈利较第二季度增加最多3亿美元。 埃克森美孚称，原油价格变动可能产生负1亿美元至正3亿美元区间的盈利影响，并预计第三季度天然气 价格对盈利的影响范围较小，在负2亿美元至正2亿美元之间。该公司还表示，本季度炼油利润率出现反 弹，为盈利贡献3亿至7亿美元;化工部门因利润率提升带来较小增幅，约1亿至3亿美元。该公司同时指 出，重组成本可能对整体盈利产生4亿至6亿美元的负面影响。 埃克森美孚将于10月31日发布第三季度业绩。分析师预计该公司经调整后每股收益约为1.79美元。 ...

Core Viewpoint - ExxonMobil expects a rebound in refining profits for the third quarter, with an estimated increase of approximately $500 million quarter-over-quarter [1] Group 1: Profit Expectations - The energy production segment's profits are projected to rise by $300 million to $700 million [1] - The chemicals segment's profits are anticipated to increase by about $200 million [1] Group 2: Market Influences - The impact of gasoline price fluctuations on profitability is described as minor [1]

Piper Sandler：将埃克森美孚的目标价从145美元下调至141美元。 ...