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Exxon is a leader in making money in the oil patch. ExxonMobil (XOM 1.84%) recently gave investors a sneak peek into its upcoming third-quarter earnings report. The oil giant issued a muted outlook, expecting its profit to fall. The main culprit was oil prices, which slumped 17% in the period. While ExxonMobil expects to report lower profits in the third quarter, the oil company is likely to deliver peerleading results again. That's one of the many factors that make it look like an attractive oil stock to b ...

Key TakeawaysExxonMobil shares set a record high on Friday as investors bid up energy stocks over mounting concerns that escalating tensions in the Middle East could disrupt global oil supplies. The stock broke out above the top trendline of a symmetrical triangle last week on increasing trading volume.Investors should watch key upside targets on Exxon's chart around $134 and $138, while keeping an eye on important support areas near $118 and $112. Shares in ExxonMobil (XOM) could remain in focus this week ...

Exxon Mobil Corporation (NYSE: XOM ) recently broke out of its two-year trading range, and there is some reasonable likelihood that this current move higher should continue. After declining along with oil prices and the broader energy sector this summer, shares haveZvi provides advisory services to companies, trusts, and individuals, including consulting expert services regarding retirement and estate planning. Zvi is admitted to practice law in the state of New York, where he offers cash management, Bitcoi ...

Key TakeawaysExxonMobil said lower oil prices and refining margins will lower third quarter profit as compared to the second quarter.The company predicted that the change in prices would lower upstream earnings by $600 million to $1 billion, and the change in industry margins would do the same for energy products.ExxonMobil's stock price has basically mirrored the price of oil this year. ExxonMobil (XOM) warned that lower oil prices and refining margins will have a negative impact on third quarter results a ...

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 ...

ExxonMobil has a 3.2% yield, but what if you could jack that up to 26%? That's the pitch from YieldMax XOM Option Income Strategy ETF. Be cautious.One of ExxonMobil's (XOM 0.87%) defining features is its dividend -- specifically, the company's ability to increase the dividend year in and year out for 42 consecutive years despite the inherent volatility of the energy sector. But for some investors, the 3.2% dividend yield might not be compelling enough to make the integrated energy giant a buy.Selling covere ...

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 ...