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ExxonMobil
Page 3 of ExxonMobil news, latest stories & analysis
Hong Kong now third most sustainable stock market as US ranks 16th and UK drops to 20th
A recently published outlook for stock exchanges in terms of the global scores show the Netherlands is ranked as the world’s most sustainable stock market – the fourth year in a row and Hong Kong is now third after overtaking France. The USA and UK rank 16th and 20th respectively.
April 17, 2023
Exxon stock jumps after Pioneer acquisition talks
Exxon stock (NYSE: XOM) has turned green after news emerged that Exxon Mobil Corp is in potential acquisition talks with oil and gas company Pioneer Natural Resources (NYSE: PXD). The news emerged first on Monday and it sent the XOM stock up nearly 6% on that day. The stock then…
April 12, 2023
Is Exxon buying Pioneer Natural Resources?
Pioneer Natural Resources Co (NYSE: PXD) jumped 12% this morning following a report that Exxon Mobil Corp (NYSE: XOM) may be interested in buying the hydrocarbon exploration company.Here’s what we know so farAccording to the Wall Street Journal, Exxon has held informal talks with the…
April 10, 2023
Best ETFs to invest in to sleep well at night
Investing in passive income can be a better way of growing your wealth compared to individual stocks and bonds. As we have seen with companies like Carvana and Bed Bath & Beyond, single stocks can have significant swings. Here are the best ETFs to buy for an income rich retirement.
February 23, 2023
Big 5 oil companies bank nearly $200 billion of profit in 2022, $22 million per hour
What is that saying about life not being fair? In a pill that is rather tough for a lot of people to swallow, big oil companies have announced stellar earnings for 2022, a year in which the world faced its toughest challenges in a long time. The top five Western…
February 8, 2023
BP share price cruised past key hurdle after earnings: be careful
BP (LON: BP) share price did well on Tuesday after the company published strong financial results. The shares jumped by over 5% to a high of 509p, the highest level since November 2019. They have soared by over 172% from the lowest point during the Covid-19 pandemic. BP to scale…
February 7, 2023
Shell share price forms double-top ahead of earnings
Shell (LON: SHEL) share price has moved sideways in the past few months as investors watch the price action of oil and gas. The stock was trading at 2,372p, where it has been in the past few days. This price is a few points below the year-to-date high of 2,452p. …
January 30, 2023
Analyst picks Exxon over Chevron after latter missed profit estimates
Chevron Corporation (NYSE: CVX) is trading down this morning after reporting its fourth-quarter profit that came in shy of street estimates. Chevron has a new stock buyback programme In its upstream business, the oil and gas behemoth took an 11.9% hit to earnings in the United States. Internationally, though, its…
January 27, 2023
Exxon stock vs Chevron stock: Goldman Sachs analyst picks a side
Exxon Mobil Corp (NYSE: XOM) has hardly made any gains over the past three months but a Goldman Sachs analyst remains convinced that the future looks bright for its shareholders. Oil prices will remain higher for longer Neil Mehta is bullish on the Exxon stock because he’s convinced that oil…
January 25, 2023
25+ incredible oil industry statistics & facts from 2025
Are you looking to invest in the oil sector now that prices have been oscillating near yearly lows? Oil prices remain near $80 a barrel, but what’s the outlook for the future when it comes to top gas and oil companies, some of which are categorised as Big Oil and…
December 22, 2022
Shell vs BP: Which is a better oil and gas stock?
Shell (LON: SHEL) and BP (LON: BP) are the first and third-biggest oil and gas companies in Europe in terms of market capitalisation. The two have a market cap of over $199 billion and $102 billion, respectively. TotalEnergies sits in between, with a market value of over $149 billion. Shell…
December 9, 2022
Oil closes at 2022 low, so why are oil stocks still rising?
Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil has been on. I published analysis earlier this year about the key role that oil plays regarding the stock market and recessions. But here, I want…
December 8, 2022
Fed minutes indicate smaller rate hikes ahead: time to buy?
S&P 500 ended in the green again after minutes from the Fed’s most recent meeting confirmed that officials agreed on switching soon to smaller rate hikes. Should you turn bullish on equities now? Reacting to the summary on CNBC’s “Power Lunch”, Jerry Castellini – the Chief Investment Officer of Castleark…
November 24, 2022
Exxon raises dividend despite President Biden warning against it
Exxon Mobil Corp (NYSE: XOM) is trading up this morning after the oil giant reported its Q3 results that handily topped Street estimates. Highlights from CEO’s interview with CNBC Also on Friday, the multinational increased its quarterly dividend to 91 cents a share despite the Biden administration demanding that oil…
October 28, 2022
‘Energy is a hedge against everything going wrong’: Joe Terranova
Oil has been in a downtrend over the past three months but Joe Terranova (Chief Market Strategist at Virtus Investment Partners) remains convinced the energy trade is not over yet. Energy is a shield against stickier inflation The sell off, he added, creates opportunity for investors to pick energy stocks…
August 31, 2022
BP share price outlook ahead of Q2 earnings. Is it a buy?
BP (LON: BP) share price has staged a strong recovery in the past few days as investors wait for the company’s financial results. The stock rose to a high of 404.65p, which was about 11% above the lowest level in July. BP earnings BP is a large integrated energy company…
August 1, 2022
Exxon Q2 earnings report: ‘we continue to see growth’
Exxon Mobil Corp (NYSE: XOM) is up roughly 4.0% on Friday after its Q2 earnings report came in much better-than-expected. CEO expects oil prices to remain high Interestingly, CEO Darren Woods expects oil prices to remain elevated (about $100 a barrel or above) over the next five years. This morning…
July 29, 2022
Exxon stock outlook: Piper Sandler sees a 25% upside
Exxon Mobil Corp (NYSE: XOM) down 15% from its year-to-date high is a fantastic opportunity to hope onto a stock that’s ripe for a rebound, says Ryan Todd. He’s a Senior Research Analyst at Piper Sandler. Exxon stock has upside to $109 a share On Tuesday, Todd upgraded the oil…
July 20, 2022
Is the ‘energy trade’ dead already?
“XOP” is down more than 30% since June 7th but that does not mean an end to the “energy trade”, says Paul Sankey. He’s the Lead Analyst at Sankey Research. Oil prices to remain elevated in the coming months Sankey has reason to believe the oil prices will remain elevated…
July 6, 2022
Best 4 energy stocks to buy as the sector gained 4.01% yesterday
The energy sector outperformed yesterday as it was responsible for a big chunk of the gains in the US equity market. Perhaps the best way to look at it is through the eyes of the most popular energy ETF – the XLE Energy Select Sector SPDR Fund.XLE offers exposure to…
June 22, 2022
Starbucks exiting the Russian market after 15 years
After 15 years of doing business on Russian soil, Starbucks Corporation (NASDAQ: SBUX) will be joining companies like British American Tobacco, Exxon Mobil and McDonald’s in withdrawing from the Russian market. The coffee conglomerate announced on Monday that it won’t be present in the country any longer. The company has about 130 locations…
May 27, 2022
Exxon is ‘really well-positioned’ to withstand inflation
Exxon Mobil Corporation (NYSE: XOM) has already seen a close to 50% increase in its stock price this year, but the Independent Advisor Alliance CIO says it continues to be worth owning in the current macro environment. The bull case for Exxon stock According to Chris Zaccarelli, the U.S. oil…
May 25, 2022
Is ExxonMobil a better buy compared to Chevron which is already fully priced
Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) have been bullish since February. Chevron is trading at $162, while Exxon Mobil is trading at $85.56. Since the energy sector continues to gain against the recession, both stocks are recommended. Exxon Mobil, however, is a better buy.ExxonMobil is trading at a…
May 10, 2022
This analyst says the energy space is massively ‘undersupplied’
Now is the most profitable environment for the energy space that we’ve seen in years, says Paul Sankey. The Energy Select Sector SPDR Fund is up 40% for the year. Sankey’s remarks on CNBC’s ‘Power Lunch’ According to the lead analyst at Sankey Research, the sector is massively undersupplied, which…
May 5, 2022
Shell share price forecast: rising wedge forms ahead of earnings
The Shell (NYSE: SHEL, LON: RDSB) share price is in a tight range as investors wait for the company’s quarterly results scheduled for Thursday this week. It is trading at 2,173p, where it has been in the past few days. This price is close to its year-to-date high of 2,238.
May 2, 2022
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