XOM - Exxon Mobil Corporation
72.33 0.00 (0.00%)
Pre-market: 7:15AM EDT
| Previous close | 72.82 |
| Open | 72.97 |
| Bid | 72.32 x 3000 |
| Ask | 72.63 x 1400 |
| Day's range | 72.19 - 73.19 |
| 52-week range | 64.65 - 87.36 |
| Volume | 7,703,303 |
| Avg. volume | 10,896,792 |
| Market cap | 306.036B |
| Beta (3Y monthly) | 1.21 |
| PE ratio (TTM) | 17.43 |
| EPS (TTM) | 4.15 |
| Earnings date | 31 Oct 2019 - 4 Nov 2019 |
| Forward dividend & yield | 3.48 (4.78%) |
| Ex-dividend date | 2019-08-12 |
| 1y target est | 80.59 |
- Zacks
Should iShares Russell Top 200 Value ETF (IWX) Be on Your Investing Radar?
Style Box ETF report for IWX
- Reuters
Exxon Mobil, Shell among groups to build five Pakistan LNG terminals
Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming to triple imports and ease the country's chronic gas shortage. The five terminals could be in operation within two to three years, Omar Ayub Khan, Pakistan's minister of power and petroleum, said in an interview on Friday. Pakistan is chronically short of gas for power production and to supply manufacturers such as fertilizer makers, hobbling the country's economy.
- Reuters - UK Focus
UPDATE 2-Exxon Mobil, Shell among groups picked to build 5 Pakistan LNG terminals
Pakistan has selected groups that include Exxon Mobil Corp and Royal Dutch Shell to build five liquefied natural gas (LNG) terminals as it aims to triple imports and ease gas shortages. The terminals could be in operation within two to three years, Omar Ayub Khan, Pakistan's minister of power and petroleum, said in an interview on Friday. Pakistan is chronically short of gas for power production and to supply manufacturers such as fertiliser makers, hobbling the country's economy.
- Oilprice.com
‘’Catastrophic Flooding’’ Threatens Heart Of Texas Oil Industry
Flooding from a tropical storm hit the Houston area on Thursday, with some calling the situation worse than Hurricane Harvey
- Zacks
Crude Prices Drop Amid Surprise Growth in U.S. Stockpiles
Crude traded below $60 a barrel as investors also weighed the prospect of an earlier-than-expected recovery in state-run Saudi Aramco's affected production.
- Market Realist
ExxonMobil and Chevron: Upstream Portfolio Positioning
Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.
- Zacks
Stock Investors: Do You Need a Late Cycle Plan?
The financial media keeps talking about the economy being in the late cycle but that doesn't mean you can't be buying stocks.
- Zacks
ExxonMobil's Australia Bass Strait Assets Up for Sale Again
ExxonMobil (XOM) is likely to gain $3 billion from the Gippsland Basin hydrocarbon development divestment.
- Zacks
Outlook for Oil & Gas Integrated International Industry Bleak
Outlook for Oil & Gas Integrated International Industry Bleak
- Zacks
Permian Oil Production Growth to Continue: 5 Stocks in Focus
Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.
- Zacks
Stock Market News For Sep 18, 2019
Benchmarks closed in the positive territory on Tuesday as crude oil prices dropped as impact on Saudi Aramco???s attack faded.
- Reuters
Exxon Mobil seeks to sell Australian Bass Strait oil, gas assets
Oil major Exxon Mobil Corp said on Wednesday it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its portfolio of assets around the world. The Gippsland Basin joint venture, off the state of Victoria, has long been the mainstay oil and gas supplier into southeastern Australia, but output from the fields is in decline. Operator Exxon's 50-50 joint venture partner in the assets is global miner BHP Group .
- Yahoo Finance
Argus Technical Analysis – Know Your ETFs!
There is an old and very important saying for ETF investors: know what you're buying. With crude oil (WTI and Brent) up about 13% on Monday, one might expect huge gains in oil stocks. The largest Energy ETF (XLE) was up only 3.4%. On the other hand, oil-sensitive ETF's like XOP and OIH were up 9% and 11%, respectively. Why?
- Zacks
Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More
Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.
- Market Realist
BP Stock: Should You Buy It Now?
BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.
- Bloomberg
Will Purdue’s Bankruptcy Engulf Its Owners?
(Bloomberg Opinion) -- The bankruptcy of Purdue Pharma LP lays bare a distinction that the internet is making it more and more difficult to maintain: that between a company and the people who own or founded it.The Sackler family owns Purdue Pharma, the maker of the opioid OxyContin, which has contributed to a crisis that has resulted in the deaths of hundreds of thousands of Americans. There are numerous charges and more than 2,000 lawsuits against the company and its owners, and some recent joint settlements. The company has now declared bankruptcy, and wants to give control of Purdue to a trust run by the states, cities and counties that have filed suit against it.But what about the personal fortune of the Sacklers, estimated at $13 billion or more? Under traditional corporate theory, there is a clear distinction between the assets of the corporation and those of the owners. The limited liability company can go under, but the assets of the company owners are safe — just as, say, holding shares of Volkswagen in your mutual fund did not expose you to any personal liability for the automaker’s actions in falsifying emissions data.It turns out that this distinction is harder to uphold, if only in the eyes of the public, when a single family owns and runs a company. Last week New York State alleged that the Sackler family drained at least $1 billion from Purdue for the purpose of avoiding penalties against the corporation and thus shielding its wealth. If it looks like the Sackler family was trying to avoid legal penalties and fines, there will be strong political pressure, possibly backed by public opinion, to go after those additional funds.More generally, if a company is endangered by lawsuits, and the suits are not settled, its owners have a rationale to extract money from the company and stash it far away. But doing so will elicit a legal and public response, and the distinction between the personal and the corporate will not always be respected.Consider the Federal Trade Commission’s recent settlement with Facebook, under which some of founder Mark Zuckerberg’s personal assets are potentially on the line if Facebook does not respect its privacy agreements with the federal government. Some FTC commissioners suggested harsher treatment yet for Zuckerberg’s personal assets.Or, to give another example, Senator Elizabeth Warren has been promoting the notion of personal criminal liability for corporate CEOs if the firms engage in wrongdoing. Her bill would extend corporate liability beyond the company itself, and of course most CEOs of major companies are also shareholders to some extent. Maybe the goal is to punish these individuals in their roles as executives rather than as shareholders. But such penalties would blur these distinctions in the mind of the public — and eventually, perhaps, under the law.So how does the internet matter in all this? First, social media is very effective at drumming up outrage, and negative news seems to have a longer lifespan than positive news. The media’s pre-existing negative bias has been amplified, creating further animosity against any actual or supposed corporate villain.More important, social media personalizes agency — in effect, making it easier to accuse particular individuals of wrongdoing. Mark Zuckerberg, Jeff Bezos, and the Koch brothers all have images or iconic photos that can be put into a social media post, amplifying any attack on their respective companies. It is harder to vilify Exxon, in part because hardly anyone can name its CEO (Darren Woods, since 2017), who in any case did not create the current version of the company. Putting the Exxon logo on your vituperative social media post just doesn’t have the same impact. With Bill Gates having stepped down as Microsoft CEO in 2000, it is harder to vilify that company as well.This personalization of corporate evil has become a bigger issue in part because many prominent tech companies are currently led by their founders, and also because the number of publicly traded companies has been falling, which means there are fewer truly anonymous corporations. It’s not hard to imagine a future in which the most important decision a new company makes is how personalized it wants to be. A well-known founder can spark interest in the company and its products, and help to attract talent. At the same time, a personalized company is potentially a much greater target.The more human identities and feelings are part of the equation, however, the harder it will be to keep the classic distinction between a corporation and its owners. As the era of personalization evolves, it will inevitably engulf that most impersonal of entities — the corporation.(Corrects second paragraph to say that hundreds of thousands of deaths have resulted from the opioid crisis, not the opioid OxyContin, in article published Sept. 16.)To contact the author of this story: Tyler Cowen at tcowen2@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include "Big Business: A Love Letter to an American Anti-Hero."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Zacks
Energy Transfer Boosts Midstream Services Via SemGroup Buyout
Energy Transfer's (ET) acquisition of SemGroup will make it a stronger midstream service provider in the United States.
- Zacks
ExxonMobil Strikes Oil Offshore Guyana for the 14th Time
ExxonMobil's (XOM) Tripletail-1 well, which is drilled at a depth of 2,003 meters of water, is located about five kilometers northeast of the Longtail discovery.
- Investing.com
Stocks - U.S. Futures Slip as Geopolitical Risk, Fed Eyed
Investing.com - U.S. futures were slightly lower on Tuesday as heightened geopolitical risk and fading hopes for an interest rate cut from the Federal Reserve weighed on sentiment.
- Zacks
Exxon Mobil (XOM) Gains As Market Dips: What You Should Know
Exxon Mobil (XOM) closed the most recent trading day at $73.73, moving +1.5% from the previous trading session.
- Investing.com
StockBeat: Apache Jumps as Oil Soars
Investing.com - Apache (NYSE:APA) shares were soaring Monday in the aftermath of a drone attack on Saudi Arabia oil facilities on Saturday.
- Market Realist
Higher Oil Prices Boost XOM, CVX, Shell, BP
Rising oil prices boosted energy stocks on September 16, as the drone attack on Saudi Aramco’s oil field propelled oil prices by about 10%.
