XOM Stock Recent News
XOM LATEST HEADLINES
The energy sector and WTI crude oil prices spiked following the escalation in the Middle East after Iran launched a missile attack on Israel earlier this month. Initial fears of conflict disrupting global oil supplies, mainly through the vital Strait of Hormuz.
XOM plans to sell part of its North Dakota Bakken shale assets. This move is expected to generate more than $500 million as the company refocuses on high-growth regions.
Exxon (XOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
California's Attorney General Rob Bonta has sued ExxonMobil because unrecycled plastic waste has accumulated in California. The lawsuit claims ExxonMobil has misled the public for decades over the ability to recycle plastic waste, and that plastics recycling was, to paraphrase, overhyped.
XOM strengthens its carbon capture position by securing the largest U.S. offshore CO2 storage site, further supporting emission reduction and advancing net-zero goals.
Exxon Mobil is set to benefit from higher crude oil prices and expanding production, particularly from its recent Permian asset acquisition. The stock has strong momentum, breaking above key moving averages, and is expected to announce a dividend increase soon. The U.S. economy's solid labor market and moderating inflation further support XOM's bullish outlook.
ExxonMobil continues to outperform other integrated oil and gas majors.
XOM is trading just below its all time highs. Scotiabank analysts believe there is more upside, driven by global conflicts and a strong asset portfolio.
ExxonMobil continued the advancement of its carbon capture and storage plans with a pair of major announcements this week.
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader. “This is yet another sign of our commitment to CCS and the strides we've been able to make,” said Dan Ammann, president.