nysexom
Key Points Exxon Mobil has been struggling below resistance near $119 for the past six months, but the stock rallied in recent weeks.An area of price consolidation often sets up a stock for fresh gains.Exxon Mobil’s CEO said in June that he expects Permian Basin shale production to double in the next five years, helped by technological advances.The company has a 40-year track record of increasing its dividend.5 stocks we like better than Exxon MobilExxon Mobil Corp. (NYSE:XOM) has been struggling below resistance near $119 as it forms a follow-on base after undercutting previous structure lows...
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Shares of Exxon Mobil (NYSE:XOM) fell by as much as 1.8% during the early hours of Friday’s trading session; the decline is happening on a day when the broader markets (namely the S&P 500) are up by a third of a percent. The initial reaction can be attributed to markets digesting the latest figures released by the oil giant during its second quarter of 2023. Key PointsExxon Mobil stock declined after the company released its second quarter 2023 earnings results. As it will become apparent, the initial reaction to the developments throughout the year will represent a severe disconnect from real...
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After falling more than 3% in pre-market trading, shares of Exxon Mobil are surging after the company posted record 2022 profits.Investors may have been hoping for a share buyback announcement like Chevron.XOM stock is likely to make a push to pass its all-time high set in November 2022.Several catalysts for oil prices mean that Exxon Mobil remains a buy.5 stocks we like better than Exxon MobilShares of Exxon Mobil Corporation (NYSE:XOM) are up 1.7% in mid-morning trading after the company posted a record profit in their fourth-quarter and full-year 2022 earnings report. XOM stock had been dow...
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A $75 billion share buyback program triples Chevron’s budget for share buybacks.The pre-earnings announcement also includes a 6% increase to the company’s quarterly dividend.The news is being criticized by the Biden administration despite the company increasing capital and exploratory (C&E) expenditures.Analysts’ opinions about CVX stock are likely to hinge on the company’s forecast for oil prices.5 stocks we like better than ChevronQ4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free...
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Exxon Mobil shares regained their 50-day moving average on January 10, and are now 2.4% below their November high of $114.66.It expects full-year earnings to come in between $21 billion and $24 billion. Wall Street is eyeing earnings of $13.91 per share for 2022, which it reports on January 31.The company recently said it intends to double its earnings and free cash flow growth by 2027.Analysts expect an increase in the need for oil, due to China’s reopening and high demand for air travel.5 stocks we like better than Exxon MobilExxon Mobil Corporation (NYSE:XOM) is within striking range of cle...
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The energy sector has seen massive outperformance this year amid soaring oil and natural gas prices. However, many energy stocks have stabilized, presenting the question of whether there’s any more upside left and, if so, how much. What’s On Tap For Energy In 2023?Experts are starting to disagree about what to expect from the energy sector in 2023, with some predicting more strength into the new year and others calling for disappointing performances in the sector. For example, ARK Invest’s Cathie Wood believes energy and value stocks will be “casualties” of tumbling inflation. Q3 2022 hedge fu...
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Interview With Engine No.1 CEO Jennifer GrancioSARA EISEN: Tyler, thank you. Good morning. And Jennifer, it’s good to have you here, welcome. JENNIFER GRANCIO: Thank you. EISEN: So you’re squarely in the middle of all of this. It’s a great place to start our event here today because you’re investing around some of these principles, right? Climate, social responsibility, but you’re also trying to make money and returns for investors. Q2 2022 hedge fund letters, conferences and more And my question to you is do those two things go hand in hand right now, when we're in the middle of a bear market...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Earnings Do WorkApple Inc (NASDAQ:AAPL) had better than expected earnings and while Amazon.com, Inc. (NASDAQ:AMZN) had an earnings loss, their sales were much better than expected. Amazon also said that consumers are still spending – good news after Walmart’s warning earlier this week that got everybody worried saying consumers were being a little bit more thrifty. Q2 2022 hedge fund letters, conferences and more The other thing that happened is Chevron Corporation (NYSE:CVX) and Exxon Mobil Corp (NY...
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S&P 500 and Nasdaq Composite posted their fourth straight day of gains on ThursdayEyes are on key US jobs report today, expected to show strong hiring ratesFTSE continues its unphased reaction to Boris Johnson’s departureBrent crude holding at around $105 a barrel on recession fearsS&P 500 And Nasdaq Rally“The US is enjoying a more positive set of trading sessions, with the S&P 500 and Nasdaq composite finishing up 1.5% and 2.3% respectively on Thursday, to achieve their fourth consecutive day of gains. The Dow also posted gains of 1.1%. Gains were spearheaded by energy stocks, including Exxon...
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Q1 2022 hedge fund letters, conferences and more Overview Of Exxon MobilExxon Mobil traces its history to 1870 and is an offspring of Standard Oil. The company merged with Mobil in 1999 and renamed itself Exxon Mobil. In 2009, the oil giant acquired XTO Energy for $41 billion. Today, XOM is one of the world's largest integrated oil majors. The company has three operating segments: Upstream, Downstream, and Chemical. XOM explores and produces, transports, and refines oil and natural gas. Total reserves were around 18.5 billion barrels of oil equivalent (bpoe) at the end of 2021. The company is ...
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