Company Performance - Exxon Mobil's stock closed at $108.36, down 0.69% from the previous trading session, underperforming the S&P 500's gain of 0.77% [1] - The stock has decreased by 8.8% over the past month, compared to the Oils-Energy sector's loss of 7.24% and the S&P 500's gain of 3.71% [1] Financial Projections - Earnings per share (EPS) for the upcoming release are projected at $2.42, representing a 24.74% increase year-over-year [1] - Revenue is estimated to be $91.69 billion, up 10.59% from the same quarter last year [1] - For the entire fiscal year, earnings are expected to be $9.36 per share, with revenue projected at $360.84 billion, indicating changes of -1.68% and +4.72% respectively from the previous year [1] Analyst Estimates and Rankings - Recent changes in analyst estimates reflect evolving short-term business trends, with a 2.19% decline in the Zacks Consensus EPS estimate over the past month [2] - Exxon Mobil currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [2] Valuation Metrics - Exxon Mobil has a Forward P/E ratio of 11.66, which is higher than the industry average of 6.99, suggesting it is trading at a premium [3] - The company has a PEG ratio of 3.89, compared to the industry average PEG ratio of 1.77, indicating a higher valuation relative to expected earnings growth [3] Industry Context - The Oil and Gas - Integrated - International industry has a Zacks Industry Rank of 147, placing it in the bottom 42% of over 250 industries [3]

Core Viewpoint - WTI crude oil experienced its best weekly performance in two months, maintaining prices in the mid to high $70s per barrel despite various macroeconomic challenges [2][6] - Energy sector stocks, particularly the Energy Select Sector SPDR ETF (XLE), are underperforming compared to the S&P 500, reaching a 26-month relative low [2][3] - Exxon Mobil (NYSE:XOM) is recommended as a buy due to its attractive valuation and strong free cash flow generation [2][12] Company Overview - Exxon Mobil is a leading integrated oil and gas company, producing 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas daily in 2023 [5] - The company holds reserves of 16.9 billion barrels of oil equivalent, with 66% being liquids, and has a global refining capacity of 4.5 million barrels per day [5] Financial Performance - In Q1 2024, Exxon Mobil reported non-GAAP EPS of $2.06, below expectations of $2.18, but revenue of $83.1 billion exceeded estimates by $1.6 billion [6][10] - Oil production increased by 2.5% year-over-year, while natural gas production saw a decline [6][10] - The company generated $14.7 billion in cash flow from operations, surpassing estimates by $1 billion, and recorded free cash flow of $10.1 billion for the quarter [8][10] Cost Management and Strategy - Exxon Mobil aims to reduce costs by $1.5 billion through 2027 and has recently repaid $1.1 billion of debt, resulting in a debt-to-capital ratio of 16% and a net debt-to-capital ratio of 3% [8][10] - The company is focused on shareholder-friendly initiatives, including share buybacks, following its acquisition of Pioneer [8][18] Earnings Outlook - Analysts predict a 3% annual decline in EPS for 2024, with a recovery expected in subsequent years, projecting non-GAAP EPS to approach $10 by 2026 [10][14] - Exxon Mobil's dividend yield is approximately two percentage points above the S&P 500, with a free cash flow yield of 7.3% [10][12] Valuation Metrics - Exxon Mobil is currently trading at 12.0 times earnings, which is significantly lower than its long-term average [12][14] - The company's EV/EBITDA multiple stands at 5.7x, indicating potential for earnings growth if oil prices stabilize [12][14] Technical Analysis - The stock has been rangebound between $95 and $120, with a lack of a clear primary trend [16][18] - Support levels are identified near $80, while a breakout above recent highs could target approximately $150 [16][18]

Core Viewpoint - Exxon Mobil is positioned for strong earnings growth through strategic investments in high-potential production areas like Guyana and the Permian Basin, supported by OPEC+ supply curbs that may positively impact petroleum prices [4][9][18] Group 1: Strategic Focus and Growth Areas - Exxon Mobil is focusing on high-potential upstream assets, particularly in the Permian Basin, which has been a significant growth driver and is expected to contribute over 50% of the company's upstream production by FY 2027 [7][18] - The acquisition of Pioneer Resources is a key move for Exxon Mobil, aimed at doubling production in the Permian Basin, enhancing its growth strategy [5][7] - The company generated 43% of its upstream production from high-potential areas in FY 2023, with plans to increase this percentage significantly in the coming years [7] Group 2: Market Conditions and Price Dynamics - OPEC+ has announced a production cut of 3.7 million barrels per day until the end of FY 2025, which is expected to support higher petroleum prices and benefit Exxon Mobil's earnings [9][18] - Current WTI prices are approximately 26% above the 10-year average, indicating a favorable pricing environment for Exxon Mobil [9] Group 3: Financial Performance and Valuation - In Q1 FY 2024, Exxon Mobil reported $5.7 billion in upstream earnings, a decrease of about 10% from the previous quarter due to falling petroleum and natural gas prices [11] - Despite lower average prices, the company generated $10.1 billion in free cash flow in Q1 FY 2024, an increase of $2.1 billion from the previous quarter [13] - Exxon Mobil's shares are trading at a price-to-earnings ratio of 11.1X, which is slightly above the 3-year average of 9.0X, suggesting potential for upside as earnings expectations may be revised higher [15][16]

JHVEPhoto Introduction The U.S. is the place to be. Personally, I have invested 100% of my money in companies in the United States, which is based on factors like better energy security, political stability (despite all the turmoil), and the wide range of fantastic securities to pick from. Over the past ten years, the S&P 500 has returned 235%. The iShares MSCI All-World ex U.S. ETF (ACWX) returned just 44%! Data by YCharts While this trend will reverse at some point in the future, the market is still e ...

Exxon Mobil Corporation's (XOM) divestment of its oil and gas assets to Seplat Energy plc in Nigeria has faced significant hurdles but recent developments signal progress toward the deal's conclusion, per a report by Bloomberg.Nigeria's state oil company, the Nigerian National Petroleum Company (“NNPC”), has withdrawn its legal challenge to the transaction, removing a major obstacle that had stalled the $1.3-billion deal.The NNPC applied to a high court in Nigeria's capital, Abuja, to drop the case, a move ...

WendellandCarolyn/iStock Editorial via Getty ImagesThe Organization of Petroleum Exporting Countries could be poised to create substantial profit tailwinds for large energy companies like Exxon Mobil Corp. (NYSE:XOM). OPEC last week decided that it would extend cuts to its crude oil supplies to the end of 2025 which is a very bullish signal for Exxon Mobil as is the recent decision of electric-vehicle manufacturers to ramp the production of EVs much more slowly. Exxon Mobil might also profit from persis ...

ExxonMobil Corporation (XOM) and QatarEnergy’s $11 billion Golden Pass LNG project has encountered significant hurdles, leading to a delay in its expected startup by at least six months. According to a Reuters report on Thursday, the project, which was expected to bolster the supply of liquefied natural gas (LNG) within the next year, is now facing uncertainty due to construction setbacks.The Golden Pass LNG facility, located at the Sabine Pass site, was initially designed to convert a former gas-import ter ...

BEVERLY HILLS, CALIFORNIA - MAY 6: The CEO of Exxon Mobil Corporation, Darren Woods speaks at the ... [+] Milken Institute's Global Conference at the Beverly Hilton Hotel, on May 6, 2024 in Beverly Hills, California. Woods and the rest of the company's Board members were overwhelming re-elected by shareholders at the company's annual meeting on May 29. (Photo by Apu Gomes/Getty Images)Getty ImagesExxonMobil ExxonMobil chairman and CEO Darren Woods and lead independent board member Joseph Hooley sailed to ea ...

ExxonMobil's chemical recycling plant on October 11, 2023, in Baytown, Texas. ExxonMobil's facility ... [+] is one of only 11 US chemical recycling plants constructed, according to an October report by Beyond Plastics. (Photo by Sergio FLORES / AFP) (Photo by SERGIO FLORES/AFP via Getty Images)AFP via Getty ImagesExxonMobil is under fire, again, from activist shareholders and investment advisors. CalPERS, the State of New York, proxy advisory firm Glass Lewis, and others are lining up to vote against nomine ...

Group 1 - Exxon Mobil Corporation (XOM) is facing backlash from major investors due to its lawsuit against climate activist investors [1][2] - Norges Bank Investment Management (NBIM), XOM's sixth-largest shareholder with a 1.23% stake, will vote against the reappointment of ExxonMobil's directors [2] - Calpers, the largest public pension plan in the U.S., has joined the opposition, stating it will vote against the re-election of all ExxonMobil directors [1][3] Group 2 - The lawsuit has raised concerns among activists and shareholders, who argue it suppresses debate at public companies [1][2] - Shareholder proxy advisor Glass Lewis recommends voting against the reappointment of certain directors due to ExxonMobil's aggressive tactics [2] - ExxonMobil argues that securities regulators have allowed too many resolutions to proceed to a vote, which imposes financial burdens on companies [2] Group 3 - The upcoming AGM will be closely watched as a potential turning point in the debate over shareholder rights and corporate responsibility regarding climate change [3]