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Zacks.com users have recently been watching Exxon (XOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to export the fuel, the group told the government.
ARC Resources said on Tuesday it had entered into a long-term liquefied natural gas supply agreement with a unit of Exxon Mobil.
President Trump aims to lower oil prices, but domestic production growth faces challenges. The administration may turn to OPEC+ and political pressure to boost supply. Despite short-term volatility, my long-term oil thesis remains strong. U.S. producers remain competitive, and global demand continues to grow, supporting energy investments. I focus on high-quality oil and gas stocks with strong balance sheets, low breakeven prices, and deep reserves. These companies offer stability and long-term upside.
Dividends are a simple way to collect income from stocks without selling part of a position. In this vein, dividends can be an excellent way to earn a return regardless of what stock prices are doing.
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XOM's growth prospects are strong, but a few uncertainties surrounding the stock suggest investors may be better off not buying it at premium valuations.
The company's solutions supporting advanced and mechanical recycling will be at the forefront with Exxtend™ technology and Vistamaxx™ performance polymers The company's solutions supporting advanced and mechanical recycling will be at the forefront with Exxtend™ technology and Vistamaxx™ performance polymers
XOM and Guyana are set to discuss a $214M tax dispute after an audit flagged potential cost overstatements at the Stabroek block. The talks could impact XOM's cost recovery terms.
The last time the economy experienced two negative quarters of gross domestic product was the first and second quarters of 2022, with a 1.6% pullback in the first quarter and a 0.6% decline in the second.