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]

Chevron is up big in 2026 as part of a rip-roaring rally in energy stocks.In December, I said that Chevron (CVX +1.94%) stood out as a top high-yield dividend stock to buy before 2026 -- even better than what I consider to be the best U.S. energy exploration and production company, ConocoPhillips.Both stocks have done phenomenally well year to date, with Chevron up 18.7% and ConocoPhillips rising 15% compared to just a 1.3% gain in the S&P 500.With Chevron hovering around an all-time high, some investors ma ...

Energy stocks are in the spotlight, and ExxonMobil is best in breed.The $1 trillion club continues to get bigger, with Walmart becoming the 10th U.S. company to surpass $1 trillion in market capitalization. It joins Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta Platforms, Broadcom, Tesla, and Berkshire Hathaway. Eli Lilly has been in and out of the club, and JPMorgan Chase needs less than a 15% gain to reach $1 trillion. I pegged ExxonMobil (XOM +2.62%), Visa, Oracle, and Netflix as dark horse candidates ...

Key Takeaways Exxon Mobil trades at 9.78x EV/EBITDA, a premium to industry, BP and Chevron.XOM's Permian and Guyana assets drive record output and low breakevens.Exxon Mobil's upstream exposure faces oil price risks despite strong 2025 refining gains.Exxon Mobil Corporation (XOM) is currently considered expensive on a relative basis, with the stock trading at a 9.78x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is a premium compared ...

Rising U.S.–Iran tensions, and new U.S. maritime guidance are pushing oil higher as traders reassess geopolitical risk. Are Oil Majors Running Out of Reserves? - Shell’s disappointing 2025 results continue to create ripples across oil markets as the London-based energy major now only wields proven reserves of 8.1 billion barrels of oil equivalent, less than 8 years of its current production. - Shell is now facing a 200,000 boe/d production gap by 2030, despite its corporate policy pledging to grow to ...

Key Takeaways WTI sits above $60 but below year-ago levels, creating a softer backdrop for XOM's upstream business.ExxonMobil operates cost-advantaged assets in the Permian and Guyana, but lower oil prices hurt profits.XOM's strong balance sheet and lower debt exposure offer flexibility to navigate a low-price period.According to data from OilPrice.com, the price of West Texas Intermediate (WTI) crude is trading above $60 per barrel, down significantly from the year-ago level. The pricing environment was re ...

PresentationRanjeet BhatiaChief Executive Officer Very good. Well, welcome to the Agilyx market update on the Cyclyx reorganization. I'm Ranjeet Bhatia, Chief Executive of Agilyx. Joining me as well today is Bertrand Laroche, our Chief Financial Officer. As a reminder, this meeting is being recorded. So today's call is a market update focused on the reorganization of Cyclyx and what this reset means for Agilyx balance sheet, risk profile and strategic execution going forward. The headline is quite simple. ...

Core Insights - Exxon Mobil Corporation (XOM) generates significant revenue from exploration and production, primarily in the Permian Basin and offshore Guyana, characterized by lower emissions and production costs [1] Production Growth - In the Permian Basin, XOM achieved record production of 1.8 million oil-equivalent barrels per day in Q4 [2][8] - The company is utilizing a new lightweight proppant to enhance hydraulic fracturing efficiency, with plans to deploy it in 50% of new wells by 2026 [2] - XOM does not anticipate a near-term peak in Permian production and aims to increase output to 2.5 million oil-equivalent barrels per day beyond 2030 [3][8] Competitive Landscape - ConocoPhillips (COP) has a strong position in the Permian Basin, with a break-even cost as low as $40 per barrel WTI and recent acquisition of Marathon Oil enhancing its asset base [5] - Chevron Corporation (CVX) boasts a high-quality asset portfolio in the Permian, contributing to leading organic growth and maintaining industry-leading profit margins [6] Financial Performance - XOM shares have increased by 34.2% over the past year, outperforming the industry average increase of 23.8% [7] - The company's trailing 12-month EV/EBITDA ratio is 9.43X, above the industry average of 5.72X [10] - Recent upward revisions in earnings estimates for 2026 indicate positive market sentiment [12]

Core Insights - Shell PLC reported earnings per share of $1.14, missing analysts' expectations of $1.21, with revenue at $64.09 billion, below the forecasted $67.91 billion [1][2] Financial Performance - The recent financial outcomes indicate Shell's weakest quarterly profit in nearly five years, attributed to a decline in crude oil prices averaging around $60 per barrel and unfavorable tax adjustments [2] - Shell announced a 4% dividend increase to $0.37 per share and a $3.5 billion share buyback program, reflecting its commitment to enhancing shareholder value [3] Financial Metrics - Shell's price-to-earnings (P/E) ratio is approximately 15.77, with a price-to-sales ratio of about 0.85, indicating market valuation of its sales and cash flow [4] - The company's debt-to-equity ratio stands at 0.42, suggesting a moderate level of debt, while the current ratio of approximately 1.35 indicates its ability to meet short-term obligations [5] - Net debt increased to $45.7 billion by year-end, with gearing rising to 20.7% from 18.8% [5]