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

121.30

Mkt cap

538B

Volume

9.4M

High

121.50

P/E Ratio

15.05

52-wk high

126.34

Low

119.62

Div yield

0.03

52-wk low

95.77

Exxon Mobil Corporation is in the news for several reasons. EnLink Midstream has published its 2022 Sustainability Report, which is relevant to Exxon's environmental risk. ExxonMobil is in early-stage discussions with major carmakers Tesla, Ford, and Volkswagen regarding lithium supply chains for electric vehicle batteries. The company recently purchased drilling rights in Arkansas, a region believed to have significant lithium deposits. A recent report provides a comprehensive overview of the lubricants market, where Exxon Mobil Corporation is a major player.

Portfolio Pulse from Mohit Manghnani

August 04, 2023 | 11:53 am

A whale investor has taken a bearish stance on Exxon Mobil (NYSE:XOM), with 62% of the investors opening trades with bearish expectations. The whale activity has been targeting a price range from $99.0 to $110.0 for Exxon Mobil over the last 3 months. The price of XOM is currently down -0.84% at $106.34. The next earnings are expected to be released in 87 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:03 am

Energy stocks are trading higher due to an increase in oil prices. The stocks mentioned include BPT, EC, PBR, and XOM.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 6:36 pm

Exxon Mobil Corp is in discussions with Tesla Inc, Ford Motor Co, and Volkswagen AG to supply lithium, a key component in electric vehicle (EV) batteries, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:47 pm

A significant bearish stance has been taken on Exxon Mobil (NYSE:XOM) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $100.0 to $110.0 for Exxon Mobil over the last 3 months. The price of XOM is currently up 2.32% at $106.58.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:16 pm

Crude oil prices have hit $80 per barrel, marking a five-week winning streak, the longest in over a year and a half. This surge is attributed to supply reduction efforts by Saudi Arabia and Russia, and increased demand due to Chinese economic revival efforts and the U.S.'s commitment to refill its Strategic Petroleum Reserve. Five oil-linked ETFs are recommended for investors to ride this wave: United States Oil Fund (USO), Energy Select Sector SPDR Fund (XLE), VanEck Oil Services ETF (OIH), Proshares Ultra Bloomberg Crude Oil (UCO), and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull X2 Shares (GUSH).

Portfolio Pulse from Piero Cingari

July 28, 2023 | 8:22 pm

US stocks traded higher with the Dow Jones gaining around 250 points. Exxon Mobil Corp reported weaker-than-expected Q2 earnings with adjusted EPS of $1.94 missing the consensus estimate of $2.01. Business First Bancshares, Reata Pharmaceuticals, and Roku saw their shares rise following positive quarterly results. Shares of Tonix Pharmaceuticals, Sleep Number Corporation, and Eos Energy Enterprises fell.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 4:08 pm

Exxon Mobil's Q2 results were mixed, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:04 pm

US stocks traded higher with the Dow Jones gaining around 250 points. Exxon Mobil Corp reported weaker-than-expected Q2 earnings with adjusted EPS of $1.94 missing the consensus estimate of $2.01. Business First Bancshares, Reata Pharmaceuticals, and Roku reported positive quarterly results while Tonix Pharmaceuticals, Sleep Number Corporation, and Eos Energy Enterprises reported negative results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 3:31 pm

DoorDash is testing an AI-based chatbot to speed up food ordering. Disney plans to limit premium users of its Disney+ Hotstar streaming service in India to logging in from just four devices. Apple's iPhone shipments fell by 6% in Q2, while Google's Android shipments fell by 38%. American Airlines pilots union reached an agreement with the management on proposed enhancements to the Tentative Agreement. Unilever named Ian Meakins as the new Chairman. Toyota Motor disclosed improved sales and production in June and H1 2023. Research finds limited impact of social media algorithms on political beliefs. Vietnamese automaker VinFast proposes to begin construction on its electric vehicle factory in North Carolina. Toyota divests $1.8B stake in KDDI to focus on EVs. Exxon Mobil and Chevron posted mixed Q2 results. AstraZeneca beat Q2 earnings consensus despite zero COVID-19 vaccine sales. Sanofi reported lower Q2 earnings but lifted 2023 outlook. Colgate-Palmolive and Procter & Gamble reported better than expected Q2 earnings.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 2:24 pm

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