Group 1 - The Federal Trade Commission (FTC) will approve Exxon's approximately $60 billion acquisition of Pioneer Natural Resources after reaching a consent agreement [1] - The consent agreement will prevent Pioneer's former CEO Scott Sheffield from joining Exxon's board due to concerns about his previous discussions with OPEC [1] - Exxon announced the acquisition deal for Pioneer in October, valued at $59.5 billion, which is expected to more than double its production in the Permian Basin [1] Group 2 - Exxon chairman and CEO Darren Woods emphasized that the merger will create long-term value exceeding what each company could achieve independently, highlighting Pioneer's leadership in the Permian and its unique asset base [2] - Shares of both Exxon and Pioneer remained relatively unchanged in extended trading following the news [2]

Exxon Mobil Corporation (XOM) is negotiating a significant liquefied natural gas (LNG) deal with Turkey, signaling a strategic move by Turkey to diversify its energy sources and reduce its dependency on Russian energy.The deal, potentially lasting a decade, would involve Turkey purchasing up to 2.5 million tons of LNG annually from ExxonMobil, marking a significant shift in its energy procurement strategy.This negotiation is part of Turkey’s broader initiative to build a new supply portfolio to decrease its ...

2024 1 st Quarter Earnings Growing shareholder value 04.26.24 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as biofuels, hydrogen, direct air capture, and other plans to reduce emissions of ExxonMobil, its affiliates, or companies it is seeking to ac ...

Exxon is a financial fortress.ExxonMobil (XOM 1.42%) and Chevron (CVX 0.27%) have a growing rivalry. While they will work together on notable large projects, they're still competitors who look out for their shareholders' interests. They're currently engaged in a court battle over Chevron's proposed acquisition of Hess, one of Exxon's partners in Guyana. They also routinely benchmark their metrics against each other and rival integrated energy companies.While Chevron has edged its bigger rival in some areas, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 1-2256 Exxon Mobil Corporation (Exact name of registrant as specified in its charter) New Jersey 13-5409005 (State or other ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view i ...

Exxon has multiple catalysts to drive robust earnings growth through 2027.ExxonMobil (XOM -2.78%) recently reported rather lackluster first-quarter earnings. The oil giant's adjusted earnings declined by 29% to $8.2 billion, or $2.06 per share. That fell a bit short of the analysts' consensus estimate of $2.19 per share. The energy giant battled headwinds from lower natural gas prices and refining margins. However, while the first quarter was a little underwhelming, ExxonMobil's future remains bright. Here' ...

CHUNYIP WONG In February, we discussed Exxon Mobil (NYSE:XOM) as a company that was a valuable opportunity due to its steady execution. Since then, the company's share price has gone up by more than 16% versus close to 3% for the S&P 500. That, combined with a weaker pricing environment, shows how the company needs perfect execution to justify its valuation. Exxon Mobil Quarterly Results Exxon Mobil had strong results from the quarter, but investors need to pay attention to what's now a lofty valuation ...

The oil and gas giant has benefited from higher oil prices, and external factors could keep them high for longer.Energy stocks have gone on a tear over the past two months, and ExxonMobil (XOM -2.78%) is one company benefiting. Oil prices have risen amid geopolitical conflicts in the Middle East, but is it too late to buy the stock? Here are some things you'll want to consider if you're buying ExxonMobil today.ExxonMobil's integrated business model and its growing dividend payoutExxonMobil is one of the wor ...

News flash: ExxonMobil stock is still a sell.ExxonMobil (XOM -2.37%) stock slumped after reporting mixed Q1 earnings this morning. Analysts forecast the oil company would earn $2.06 per share for the quarter, and Exxon nailed that target. On the revenue front, Exxon's $83.1 billion in sales soared past Street expectations for $73.2 billion. As of 12:15 p.m. ET, shares of the energy stock are down 2.8%. But if Exxon met on earnings and beat on sales, why is the stock down?ExxonMobil Q1 earnings reportWell, n ...