Oil is making a big move lower, with some analysts attributing the decline to Israel's decision not to target Iranian oil facilities. As a result, most oil stocks are also trending lower. For Exxon Mobil Corporation XOM, if shares continue to slide, there's a strong likelihood of finding support around the critical $109.50 level—a key support area in both June and September. This is why it's our Stock of the Day. In financial markets, price levels that previously acted as support often do so again due to wh ...

Exxon Mobil (XOM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 1, 2024, might help the stock move higher if these key numbers are better tha ...

Exxon Mobil Corporation (XOM) , the largest oil producer in the United States, has secured approval from Nigeria to sell its onshore oil and gas assets to Seplat Energy Plc, a domestic energy company. This decision ends a more than two-year delay in the $1.28 billion deal, allowing it to move forward.The Nigerian Upstream Petroleum Regulatory Commission granted ministerial consent for the sale, according to its chief executive officer, Gbenga Komolafe, during a conference in Abuja on Oct. 21. Initially anno ...

When I last covered Exxon Mobil Corp. (NYSE: XOM ) on May 7th, 2024 with ' Exxon Mobil: Not Cheap, Still A Buying Opportunity ', the stock was in the process of rallying quite strongly (posting gains of over 29.2% in less Analyst's Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no bu ...

The energy sector and WTI crude oil prices spiked following the escalation in the Middle East after Iran launched a missile attack on Israel earlier this month. Initial fears of conflict disrupting global oil supplies, mainly through the vital Strait of Hormuz. This drove a rally across the energy market. However, with signs emerging that Israel will not retaliate by targeting Iranian oil fields, tensions have eased, and the sector has experienced a pullback.Over the past week, WTI crude prices fell from ne ...

Exxon Mobil Corporation (XOM) , the largest oil producer in the United States, is reportedly looking to sell some of its assets in North Dakota’s Bakken shale formation. According to a Reuters report, the company aims for a deal that could fetch at least $500 million.ExxonMobil is exploring market interest for a portion of its Bakken shale holdings, which include approximately 137 operated and 676 non-operated and royalty wells across 49,000 net acres in North Dakota. The planned sale could fetch more than ...

BAYTOWN, TEXAS - DECEMBER 14: Certified circular polymers produced from plastic waste is shown at ... [+] the advanced recycling facility at ExxonMobil Wednesday, Dec. 14, 2022, in Baytown. (Melissa Phillip/Houston Chronicle via Getty Images)Houston Chronicle via Getty ImagesCalifornia’s Attorney General Rob Bonta has sued ExxonMobil because unrecycled plastic waste has accumulated in California. The lawsuit claims ExxonMobil has misled the public for decades over the ability to recycle plastic waste, and t ...

Core Insights - Exxon Mobil Corporation (XOM) has secured the largest offshore carbon dioxide (CO2) storage lease in the United States, covering over 271,000 acres in Texas state waters, enhancing its leadership in the carbon capture and storage (CCS) industry [1][2] Group 1: Carbon Capture and Storage (CCS) Initiatives - The new offshore site complements ExxonMobil's existing onshore CO2 storage portfolio, reinforcing the U.S. Gulf Coast's status as a global hub for carbon capture [2] - ExxonMobil operates the largest CO2 pipeline network in the United States, positioning itself to provide a comprehensive solution for carbon capture, transport, and storage [2] - The company aims to drive significant emission reductions along the Gulf Coast, supported by a growing customer base ready to implement CCS [2][4] Group 2: Educational and Community Benefits - The lease agreement will directly support the Texas Permanent School Fund, contributing to the state's education system [3] - Texas Land Commissioner Dawn Buckingham highlighted the partnership's benefits for educational funding and advancing energy solutions [3] Group 3: Contribution to Net-Zero Goals - The new offshore acreage is crucial for storing CO2 emissions, aiding in the pursuit of net-zero goals [4] - The Gulf of Mexico's vast storage potential positions ExxonMobil to leverage its infrastructure for large-scale carbon reduction strategies [4] - The company continues to advance its vision of a low-carbon future while contributing to local community and education [4]

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this ...

ExxonMobil continues to outperform other integrated oil and gas majors.After hitting a 52-week low on Oct. 1, U.S. benchmark West Texas Intermediate (WTI) crude oil prices surged nearly $8 per barrel in two days as Middle East tensions threaten to take supply offline. Oil prices had been under pressure from a ramp-up in U.S. production, paired with potentially higher OPEC+ supply.ExxonMobil (XOM 0.86%), the most valuable U.S. energy stock by market cap, notched a fresh all-time high on Oct. 4. Here's why th ...