Streetbeat News

XOM

Exxon Mobil Corporation

https://corporate.exxonmobil.com

Industry

Oil & Gas Integrated

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels. As of December 31, 2021, it had approximately 20,528 net operated wells with proved reserves. The company was founded in 1870 and is headquartered in Irving, Texas.

Open

120.40

Mkt cap

524B

Volume

19M

High

121.24

P/E Ratio

14.86

52-wk high

126.34

Low

119.13

Div yield

0.03

52-wk low

95.77

Today's session highlighted significant options activity for 9 energy stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. The stocks involved are XOM, BP, OXY, PR, STNG, APA, PBR, SFL, and MPC, with various sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:35 pm

Exxon Mobil (NYSE:XOM) has seen significant options activity, with a bullish sentiment prevailing among financial giants. Analysis of 14 unusual trades revealed 57% bullish and 42% bearish tendencies. Major trades include both calls and puts, with a focus on strike prices between $100.0 and $120.0. The company, a leading integrated oil and gas entity, showed a slight stock price increase to $109.13, potentially indicating an overbought condition. The next earnings report is expected in 44 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

Tesla, Inc. (TSLA) remains the most-shorted large-cap stock in the U.S., with a Hazeltree Crowdedness Score (HCS) of 99, indicating high short interest. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) also have high HCS scores of 94 and 92, respectively. Apple Inc. (AAPL) saw a decrease in short interest, while Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. (CHTR) saw increases in their HCS scores. Tesla's stock struggles are attributed to weakening demand, aggressive pricing, and opaque communication from management.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:18 am

Saudi Aramco and ADNOC are venturing into lithium production from brine in their oilfields to diversify and meet the growing demand for EVs, similar to Exxon Mobil's efforts in Arkansas. Despite a profit decline, Aramco increased its dividend payout. The long-term prospects for lithium remain promising despite recent price drops. Gulf companies are exploring eco-friendly Direct Lithium Extraction (DLE) technologies, avoiding traditional, environmentally harmful methods. Exxon Mobil and Occidental Petroleum are also investigating DLE technologies.

Portfolio Pulse from Stjepan Kalinic

March 12, 2024 | 3:00 pm

Exxon Mobil has confirmed a major fire at its Port-Jerome Refinery, resulting in five slight injuries, according to a union source and Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:58 pm

Benzinga's options scanner revealed significant options trading activity on Exxon Mobil (NYSE:XOM), with over 13 transactions totaling $421,036. Analysis of trading volumes and open interest suggests a focus on a price range between $105.0 and $125.0. The largest options trades indicate a bullish sentiment, despite the variety of puts and calls. Exxon Mobil, a leading oil and gas company, is currently trading at $108.55, with potential signs of approaching overbought territory. The anticipated earnings release is in 46 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:46 pm

Nvidia Corporation (NASDAQ:NVDA) has seen remarkable market performance, with its market cap reaching $2.42 trillion, nearing Apple Inc.'s (NASDAQ:AAPL) $2.61 trillion. Nvidia's stock experienced a significant after-hours trading swing, adding $80 billion to its market cap, and has gained $180 billion in market cap in a single day. The company's market cap has increased by $1 trillion since the start of 2024, with a notable $440 billion increase in the past eight trading sessions. This growth has sparked discussions about Nvidia potentially becoming a market bubble, despite its strong financial performance driven by its GPUs and AI development.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 3:18 pm

Exxon Mobil's VP commented that if the Chevron-Hess merger does not proceed, Exxon sees potential value in Guyana, indicating interest in capitalizing on opportunities in the region.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:15 pm

Exxon Mobil has initiated an arbitration process, asserting its right of first refusal in response to the proposed merger between Chevron and Hess in Guyana, as reported by Reuters. This move could potentially impact the dynamics of energy exploration and production in the region, highlighting Exxon Mobil's strategic interests in maintaining its influence and operations in Guyana.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:10 pm

Exxon Mobil (NYSE:XOM) has seen significant options trading activity, with a bearish sentiment prevailing among financial giants. Analysis of recent trades shows 66% bearish versus 33% bullish sentiment, with notable trades in both puts and calls aiming for a price range of $105.0 to $115.0. The largest trades include both bearish calls and bullish puts, indicating mixed expectations. Exxon Mobil, a leading oil and gas company, is currently trading at $106.72, with potential overbought signals and an upcoming earnings release in 51 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:31 pm

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