Resistance levels are a large concentration of traders and investors who are looking to sell their shares at, or close to, the same price. The “level” is typically more of a range than a particular price.Sometimes these levels and ranges are clear and well-defined. As you can see on the following chart, that is the case with the $119.75 level for Exxon Mobil Corp XOM. This is why it's the Stock of the Day.Markets are driven by supply and demand. If there is more demand (buy orders) than supply (sell orders) ...

Oil and natural gas will still make up more than half of the world's energy mix in 2050 despite efforts to transition away from fossil fuels, according to a forecast published by Exxon Mobil on Monday.Fossil fuels currently represent about 80% of the world energy mix, according to the Paris-based International Energy Agency. Oil demand will plateau after 2030 but remain roughly at current levels of more than 100 million barrels per day through 2050, according to Exxon's forecast.Stubborn oil and gas demand ...

ExxonMobil is a well-run energy company, but it is still beholden to the volatility of oil prices.ExxonMobil (XOM 1.39%) is among the largest energy companies in the world. Whether it is using the Exxon, Mobil, or Esso nameplate, there's probably an ExxonMobil gas station somewhere near you. But being big and well known isn't enough to make the stock a millionaire maker. Here's what investors need to understand before they buy ExxonMobil.1. ExxonMobil is an industry giantExxonMobil has a market cap of rough ...

ExxonMobil is a dividend-paying machine.Recessions bring a lot of uncertainty. That can cause companies to become more fiscally conservative. They often press pause on growing their dividends and, in some cases, cut or suspend their payouts to conserve cash.However, that hasn't been the case for oil giant ExxonMobil (XOM 1.39%) over the years. It has increased its dividend for 41 straight years, which includes four recessions and many other oil market downturns. While its past performance in a recession doe ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Exxon Mobil (XOM) .Exxon currently has an average brokerage recommendation (ABR) of 1.87, on a ...

JHVEPhotoExxon Mobil (NYSE:XOM) generated a considerable amount of free cash flow from its operations in the second quarter and guided for $20B of annual stock buybacks until the end of next year. Exxon Mobil still benefits from petroleum prices in the $70s price range and will likely continue to generate a lot of free cash flow from its production assets going forward, especially after the company's $60B acquisition of Pioneer Natural Resources, which has already started to make a positive production i ...

ExxonMobil Corporation (XOM) ), the U.S. energy giant, is poised to further expand its oil operations in Guyana with a development plan for its seventh offshore project, Hammerhead, per a Reuters report. The plan is set to arrive by the first quarter of 2025. Guyana's Natural Resources minister, Vickram Bharrat, made this announcement, signaling another major leap in the South American nation’s journey toward establishing itself as a key player in the global oil market.Guyana has quickly emerged as the worl ...

apomares/E+ via Getty Images Exxon Mobil Corporation (NYSE:XOM) is the second largest publicly traded oil company in the world, behind Saudi Aramco. We discussed the company's lofty valuation in our last article, and the company's valuation remains high. However, with the potential to continue growth and drive long-term returns, Exxon Mobil is a valuable investment. Exxon Mobil Quarterly Performance Exxon Mobil had strong quarterly performance versus its market capitalization of $520 billion. Exxon Mobil In ...

ExxonMobil Corporation (XOM) , the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 billion) acquisition of Pioneer Natural Resources.The majority of the layoffs (39 employees) are from Las Colinas, a Dallas suburb that previously served as Pioneer's headquarters in Irving, TX. Additionally, 18 employees from Midland, located within the prolific Permian Basi ...

This month, Exxon Mobil Corporation (XOM) reported robust second-quarter 2024 earnings, driven by increased upstream production, improved crude oil realizations and the positive impact of the Pioneer acquisition. Notably, record production in offshore Guyana and the Permian Basin, the most prolific in the United States, continues to bolster the bottom line of this large integrated energy major.The critical question now facing investors is how to strategically position themselves regarding the stock. Before ...