Business Operations - ExxonMobil's principal business involves exploration and production of crude oil and natural gas, along with manufacturing and selling petroleum products and pursuing lower-emission business opportunities[13]. - The company held over 8,000 active patents worldwide at the end of 2025, indicating a strong commitment to proprietary technology development[16]. - The number of regular employees was 62,000, 61,000, and 58,000 at the end of 2023, 2024, and 2025, respectively, reflecting a stable workforce[20]. - ExxonMobil's operations and earnings are significantly affected by changes in oil, gas, and petrochemical prices, which are influenced by local, regional, and global supply and demand conditions[25]. - The company is expanding investments in lower-emission energy and emission-reduction technologies, which depend on market growth and supportive government policies[25]. - Economic downturns and geopolitical volatility can adversely impact energy demand and the company's financial results[25]. - The company faces risks from government regulations, including potential increases in taxes and environmental compliance costs, which could affect capital expenditures and earnings[21]. - Changes in technology and consumer preferences, such as increased demand for alternative energy sources, may impact the demand for ExxonMobil's products[26]. - ExxonMobil's business results are exposed to market factors like interest rates, inflation, and currency exchange rates, which can indirectly affect energy demand[28]. - The company is subject to political and regulatory developments that may restrict its operations or access to resources, impacting its competitive position[29]. Environmental Goals and Emission Reduction - The company aims to achieve net-zero emissions for Scope 1 and 2 from operated assets, contingent on technology development and government policy support[38]. - The company has established a Low Carbon Solutions (LCS) business unit to advance technologies such as carbon capture and storage (CCS), hydrogen, and lower-emission fuels[40]. - Government actions to reduce greenhouse gas emissions may include cap and trade regimes, carbon taxes, and mandates for electric vehicle sales, which could impact investment returns and operational costs[39]. - The company recognizes the need for stable and supportive government policies to successfully develop and deploy new energy technologies at a commercial scale[41]. - The Corporation aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions in its operated assets by 2050, with specific plans for the Permian Basin to reach net-zero by 2035[205]. - Emission-reduction plans include a 20-30% reduction in corporate-wide greenhouse gas intensity and a 70-80% reduction in corporate-wide methane intensity by 2030[209]. - The Corporation is pursuing growth opportunities in lower-emission investments, including carbon capture and storage, hydrogen, and lithium for electric vehicle markets[208]. Financial Performance - Total sales and other operating revenue for 2025 decreased to $323,905 million from $339,247 million in 2024, reflecting a decline of approximately 4.0%[146]. - Net income attributable to ExxonMobil for 2025 was $28,844 million, down from $33,680 million in 2024, representing a decrease of about 14.0%[146]. - Earnings per common share for 2025 was $6.70, compared to $7.84 in 2024, indicating a decline of approximately 14.5%[146]. - Cash flow from operations and asset sales for 2025 was $55,128 million, down from $60,009 million in 2024, reflecting a decrease of about 8.5%[149]. - The Corporation's cash capital expenditures for 2025 totaled $28.99 billion, an increase from $25.65 billion in 2024[144]. - The upstream segment in the United States reported earnings of $5.06 billion in 2025, down from $6.43 billion in 2024[144]. - Non-U.S. upstream earnings were $16.29 billion in 2025, compared to $18.96 billion in 2024[144]. - The Corporation's chemical products segment reported a total income of $800 million in 2025, down from $2.58 billion in 2024[144]. Production and Reserves - As of year-end 2025, ExxonMobil's total proved reserves are reported at 19.3 billion oil-equivalent barrels (GOEB), with 7.0 GOEB classified as proved undeveloped reserves, representing 36% of total proved reserves[73]. - In 2025, ExxonMobil invested $19.0 billion to develop reported proved undeveloped reserves, including $18.8 billion specifically for oil and gas producing activities[74]. - The company transferred approximately 1.4 GOEB from proved undeveloped to proved developed reserves during the year, with significant contributions from development activities in the United States, Guyana, Kazakhstan, the UAE, Qatar, and Canada[73]. - Extensions and discoveries in 2025 added approximately 2.0 GOEB of proved undeveloped reserves, primarily in the United States and Guyana[73]. - Total crude oil and natural gas liquids production for 2025 is projected at 2,262 thousand barrels daily, an increase from 2,068 thousand barrels daily in 2024 and 1,682 thousand barrels daily in 2023, representing a growth of 9.4% year-over-year[78]. - Natural gas production available for sale in 2025 is expected to reach 8,442 million cubic feet daily, up from 8,078 million cubic feet daily in 2024 and 7,734 million cubic feet daily in 2023, indicating a growth of 4.5% year-over-year[78]. - Total oil-equivalent production for 2025 is projected at 4,736 thousand barrels daily, an increase from 4,333 thousand barrels daily in 2024, reflecting a growth of 9.3%[78]. Research and Development - The company is committed to continuous research and development to adapt to changing market and regulatory environments, including advancements in hydraulic fracturing technology[47]. - Research and development costs increased to $1,228 million in 2025 from $987 million in 2024, representing a rise of approximately 24.4%[146]. Shareholder Actions - ExxonMobil declared a dividend of $1.03 per common share on January 29, 2026, payable on March 10, 2026[118]. - The Corporation completed share repurchases of $20 billion in 2025 and expects to continue with another $20 billion in 2026, assuming reasonable market conditions[119]. - The total number of shares purchased as part of publicly announced plans in October, November, and December 2025 were 16,203,068, 13,025,924, and 14,908,290 respectively[119]. Market Outlook - ExxonMobil's long-term business planning is based on a deep understanding of market fundamentals, projecting global energy demand to rise by over 10% from 2024 to 2050, driven primarily by developing countries[180]. - By 2050, global electricity demand is expected to increase by more than 70%, with developing countries accounting for approximately 80% of this increase[182]. - Global demand for liquid fuels is projected to grow to nearly 115 million oil-equivalent barrels per day by 2050, an increase of about 10% from 2024[187]. - Natural gas demand is expected to rise nearly 20% from 2024 to 2050, with approximately 70% of that increase coming from the Asia Pacific region[188]. - Oil demand is projected to remain above 100 million barrels per day until 2050, even under aggressive decarbonization scenarios, with a minimum demand of 65 million barrels per day expected[198]. - The Corporation anticipates significant investments will be required to develop and supply resources to meet global oil and gas demand through 2050, driven by technology advancements[200].

Core Viewpoint - Exxon Mobil is committed to rapidly developing natural gas projects in Guyana, responding to the government's push for increased gas output and supply [1] Group 1: Company Commitment and Plans - Exxon Mobil's upstream chief, Dan Ammann, emphasized the company's commitment to fast-tracking natural gas development in Guyana [1] - The Guyanese government has urged Exxon to create projects utilizing natural gas for petrochemical plants and potential data centers [1] - Last year, Exxon introduced the "Wales Gas Vision," an early-stage plan aimed at supplying gas for various onshore petrochemical and power projects, although progress has been limited since then [1] Group 2: Project Complexity and Collaboration - Ammann noted that natural gas projects are more complex than oil projects, necessitating collaboration with multiple stakeholders, including public utilities, communities, and regulators [1] - Exxon has constructed a pipeline ready to deliver gas to Guyana, awaiting the completion of power plants scheduled for this year [1] - The company is prepared to advance engineering, execution, and investment in alignment with the government's progress on permitting approvals and market frameworks [1]

Group 1: Company Overview - Chevron Corporation, trading on the NYSE under the symbol CVX, is a major player in the global energy sector involved in oil and gas exploration, production, refining, and marketing [1] - Chevron competes with other energy giants like ExxonMobil and BP [1] - Chevron's stock is currently priced at $183.71, with a market capitalization of approximately $367.3 billion [4] Group 2: Recent Developments - Melius Research set a price target of $205 for Chevron, suggesting a potential upside of 11.59% from its current price [1] - Chevron has formed a partnership with HELLENiQ ENERGY, signing lease agreements for hydrocarbon exploration in four offshore blocks south of Crete and the Peloponnese [2] - The exploration blocks present a promising opportunity for Chevron to tap into potential natural gas reserves, with Chevron holding a 70% operating interest in the agreements [3]

Core Viewpoint - Significant investors are adopting a bearish stance on Exxon Mobil, with a majority of trades reflecting this sentiment [1] Group 1: Options Trading Activity - A total of 58 trades were detected for Exxon Mobil, with 41% of investors taking bullish positions and 53% bearish [1] - Among the trades, there were 19 put options totaling $1,388,724 and 39 call options totaling $2,710,117 [1] Group 2: Predicted Price Range - The anticipated price range for Exxon Mobil over the last three months is between $100.0 and $200.0 [2] Group 3: Volume & Open Interest Trends - An analysis of volume and open interest is crucial for understanding liquidity and investor interest in Exxon Mobil's options, particularly within the $100.0 to $200.0 strike price range over the past 30 days [3] Group 4: Current Market Status - The current trading volume for Exxon Mobil stands at 8,121,775, with the stock price down by 1.55% at $146.15 [6] - The consensus target price from five market experts for Exxon Mobil is $146.0 [5] - An earnings announcement is expected in 44 days [6]

Australian court fines Exxon's local petrol brand $11.3 million for misleading claims | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren [Purchase Licensing Rights, opens new tab]- Companies[Exxon Mobil Corp]FollowFeb 17 (Reuters) - Federal Cour ...

Group 1: Mobil Oil Australia - Mobil Oil Australia, a subsidiary of Exxon Mobil Corporation, has been ordered to pay A$16 million in penalties due to misleading representations regarding fuel sold at nine petrol stations in Queensland [2][10] - The Australian Competition and Consumer Commission confirmed that the company admitted liability and cooperated with the legal proceedings, which led to joint submissions to the court [3][10] Group 2: Japanese Bond Market - The yield on the 20-year Japanese Government Bond eased to 3.03%, marking a decline of 5 basis points, indicating a shift in investor sentiment [4][10] - This easing suggests a temporary cooling of the upward pressure in the Japanese bond market as the Bank of Japan navigates its monetary policy amidst changing global interest rate expectations [5] Group 3: Commodity Markets - Agricultural commodities, particularly soybean and wheat, are experiencing a downward trend due to abundant global supplies that have outpaced demand, leading to increased inventories [6][10] - The surplus production from major exporting regions is causing difficulties in sustaining significant price rallies, with expectations of continued volatility and downward pressure on the grain complex [7]

Core Viewpoint - Energy companies are generating strong cash flows, yet their valuations reflect recession-level pessimism, with the S&P 500 Energy sector trading at approximately 12.5x forward earnings compared to 21x for the broader S&P 500 [1] Group 1: Valuation and Performance - The S&P 500 Energy sector trades at about 12.5x forward earnings, while Exxon and Chevron trade at 20x and 24x respectively [1] - Energy's free cash flow yield is estimated between 7% and 9%, more than double the broader market average [3] - Balance sheet leverage among major oil producers has significantly declined from prior-cycle peaks, indicating stronger financial health [4] Group 2: Market Position and Demand - The energy sector accounts for only 4% of the S&P 500, down from over 13% in 2008, indicating a smaller market presence [2] - Institutional ownership of energy stocks remains below historical averages due to ESG-driven divestment and tech sector outperformance [5] - Global energy demand is expected to rise, with U.S. Energy Information Administration forecasting oil consumption to reach a record 104 million barrels per day by 2026 [5] Group 3: Market Sentiment - Energy stocks are not behaving like a declining sector; instead, they are acting as if the market has not fully repriced them yet [6]

Core Viewpoint - A federal judge ruled that Exxon Mobil can proceed with its defamation lawsuit against California Attorney General Rob Bonta, rejecting Bonta's claim of immunity related to his criticisms of Exxon's recycling initiatives [1]. Group 1: Legal Proceedings - The judge, Michael Truncale, dismissed Bonta's immunity claim, stating that whether Bonta's criticisms were made in good faith is a factual question to be determined later [1]. - Related claims against environmental groups were dismissed due to lack of jurisdiction [1]. - Exxon filed the lawsuit against Bonta in January 2025, following California's lawsuit accusing Exxon of misleading the public about recycling [1]. Group 2: Statements and Allegations - Exxon objected to 14 statements made by Bonta, including claims that Exxon's recycling plan was "not based on truth" and that only 5% of U.S. plastic waste is recycled [1]. - The judge indicated that it would not be unfair to review certain statements for possible defamation, as they were directly related to Exxon and based on Texas sources [1]. - Bonta's statements included claims about plastic waste accumulation in Houston and the environmental impact of unrecycled plastics [1]. Group 3: Context and Implications - Exxon has shown a willingness to confront environmental critics who argue that its operations contribute to climate change and greenhouse gas emissions [1]. - The case highlights the ongoing tension between major oil companies and environmental advocates regarding sustainability and corporate responsibility [1].

Group 1 - Three contract workers suffered burns while working at the ExxonMobil facility in Beaumont, Texas [1] - The injured workers are receiving treatment, and a comprehensive investigation has been initiated by ExxonMobil [1] - The local media reported that the EMS units transported the injured workers to CHRISTUS St Elizabeth Hospital [1] Group 2 - Additional details regarding the cause of the incident, the severity of the burns, and the conditions of the injured workers were not immediately available [1] - ExxonMobil did not respond immediately to a request for comment from Reuters [1]

Core Viewpoint - Chevron is experiencing significant stock growth, outperforming the S&P 500, and remains a strong investment despite concerns about its high valuation [1][2]. Financial Performance - Chevron's upstream profits fell from $18.6 billion in 2024 to $12.82 billion in 2025 due to lower oil prices, while downstream profits increased by 75% due to higher refining margins [4]. - The company generated $2.4 billion in additional cash flow from operations, supporting capital expenditures, stock buybacks, and dividend growth [4]. - Diluted earnings per share decreased by 31.8% [4]. Stock and Market Data - Chevron's current stock price is $185.79, with a market capitalization of $374 billion [5]. - The stock has a dividend yield of 3.68% and a gross margin of 13.79% [6]. Strategic Acquisitions - The acquisition of Hess has enhanced Chevron's production capabilities and access to reserves in offshore Guyana, where it collaborates with ExxonMobil and CNOOC [6]. - Chevron is the largest U.S. operator in Venezuela, which has significant offshore oil reserves, potentially benefiting from U.S. investment in the region [7]. Market Conditions and Future Outlook - Oil prices are rising in early 2026, which is expected to improve Chevron's margins [8]. - Management indicated that the company can sustain dividend payments and long-term investments at Brent crude prices of $50 per barrel or lower, with current prices around $67 per barrel [9]. - Chevron announced a 4% dividend increase, marking the 38th consecutive year of dividend growth, supported by improved operational efficiency and technological advancements [10]. Valuation and Investment Perspective - Despite reaching an all-time high, Chevron is considered a balanced buy with a reasonable valuation of 27.2 times earnings and 20.2 times free cash flow [11]. - The stock is viewed as a solid value investment, particularly for those seeking alternatives to AI-driven stocks [11].