Over the past seven days, Exxon Mobil Corporation (XOM) has witnessed upward earnings estimate revisions for 2024. This leading integrated energy player has a Zacks Rank #3 (Hold) at present. What's Favoring XOM? The West Texas Intermediate crude is approaching the $75-per-barrel mark. The favorable trajectory in oil prices is a boon for ExxonMobil's upstream operations. In the Permian Basin – the most prolific oil and gas resource in the United States – and offshore Guyana, it has a solid pipeline of profi ...

Core Viewpoint - ExxonMobil offers a stable dividend yield of 3.2%, but investors may seek higher returns, such as the 26% yield from YieldMax XOM Option Income Strategy ETF, which requires careful consideration before investment [1][4]. Group 1: Company Overview - ExxonMobil is one of the largest oil and natural gas companies globally, with a market capitalization of $500 billion and an average trading volume of nearly 14 million shares per day [2]. - The company operates across the entire energy value chain, from upstream production to midstream pipelines and downstream refining and chemicals, showcasing its diversification and resilience [2]. - ExxonMobil has a strong track record of increasing its dividend for 42 consecutive years, making it an attractive option for investors seeking energy exposure [2]. Group 2: Investment Strategies - Investors may consider buying ExxonMobil when oil prices are low, as the yield can approach 10% during significant downturns in the energy market [3]. - Selling covered calls is another strategy to enhance income from stock investments, allowing investors to earn premiums while holding the stock [3]. - YieldMax XOM Option Income Strategy ETF simplifies the process for investors seeking higher income without the need to trade options themselves [4]. Group 3: YieldMax XOM Option Income Strategy ETF Analysis - The 26% yield from YieldMax XOM is based on the most recent monthly dividend annualized, which may not reflect consistent income due to significant fluctuations in quarterly dividends [4]. - The ETF's share price has been declining over time, indicating that the income generated may be at the expense of capital, leading to a total return of only about 2.5% even with reinvested dividends [5]. - The high dividend payouts from pooled investment vehicles like YieldMax XOM can lead to increased risk of dividend cuts as capital diminishes [5]. Group 4: Recommendations - Investors may find a less aggressive approach more beneficial, as the complexities of the YieldMax XOM investment strategy may not justify the income generated [6]. - Learning to trade options independently or purchasing ExxonMobil during unfavorable market conditions may yield better long-term results [7].

ExxonMobil (XOM, Financial) has announced through a regulatory filing that its third-quarter earnings from oil and gas production, also known as upstream earnings, are expected to decrease by $600 million to $1 billion due to fluctuations in oil prices. The energy giant's earnings are highly sensitive to changes in oil prices.This anticipated earnings decline underscores the volatility of the oil market and its direct impact on companies involved in oil and gas exploration and production. As one of the worl ...

Surging back toward its 52-week highs, Exxon Mobil’s (XOM)  stock is starting to turn heads after brewing tensions in the Middle East have spiked crude oil prices to over $70 a barrel again.Outside the possibility of global oil supply chain issues, the rebound in the commodity price comes as OPEC+ had previously announced it would delay any production increases until December.  As reported by CNN, some analysts believe crude prices could soar to $100 a barrel this month. While this could be worrisome to con ...

SPRING, Texas, Oct. 01, 2024 (GLOBE NEWSWIRE) -- ExxonMobil today announces the introduction of Signature Polymers, a new approach to service and partnership with customers and the broader value chain. The stated brand ambition of Signature Polymers is to become the industry's most valued global partner through improved service and partnership. ExxonMobil will introduce new programs that inspire and inform the way it positions products and provides support to help customers innovate, strategize, and grow. T ...

Exxon Mobil Corporation's (XOM) divestment of its Nigerian onshore assets to Seplat Energy is set to be approved in the coming days, as stated by Nigeria's president Bola Tinubu, according to a Reuters report. This $1.28 billion deal has been under scrutiny since its announcement in 2022, with many analysts viewing it as a key indicator for the approval of similar transactions in the region. XOM's Strategic Move in Nigeria ExxonMobil's decision to sell its Nigerian onshore assets to Seplat Energy highlights ...

HOUSTON, TEXAS - FEBRUARY 01: An entrance to the ExxonMobil Spring campus is seen on February 01, ... [+] 2022 in Houston, Texas. ExxonMobil was the top-performing integrated supermajor in Q3 2024. (Photo by Brandon Bell/Getty Images) Getty Images The S&P 500 finished the third quarter of 2024 with a gain of 5.5%, with all three major U.S. indices recording quarterly advances, though the Nasdaq lagged behind. Typically, the S&P 500 is somewhere in the middle of the overall sector performances, but not this ...

Exxon Mobil Corporation (XOM) is at the center of a legal battle as California Attorney General Rob Bonta announced a lawsuit against the company, accusing it of misleading the public about the impact of plastic recycling. The lawsuit, unveiled during New York City's Climate Week, stated that ExxonMobil is engaged in a decades-long campaign to downplay the limitations of plastic recycling, contributing to the global plastic waste crisis.XOM Defends Advanced Recycling Amid California's ClaimsPer a Reuters re ...

Santa Monica , CA - July 22: California Attorney General Rob Bonta listens to Gov. Gavin Newsom ... [+] during a news conference on gun legislation Friday, July 22, 2022. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)MediaNews Group via Getty ImagesCalifornia’s ambitious attorney general, Rob Bonta, filed his long-expected lawsuit targeting ExxonMobil related to plastics recycling Monday, a move that will no doubt result in years of litigation that will linger on long afte ...

Exxon Mobil (XOM) ended the recent trading session at $117.36, demonstrating a +1.81% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.Coming into today, shares of the oil and natural gas company had lost 0.9% in the past month. In that same time, the Oils-Energy sector gained 0.29%, while the S&P 500 gained 2%.Investors will be eagerly watching for the performance ...