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Exxon Mobil Corp.'s XOM, -1.89% $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesday, but there's a twist involving the latter's chief executive.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
Exxon and Chevron have strong balance sheets with low leverage ratios. Exxon has a much bigger cash position, pushing its net leverage ratio well below Chevron's level.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exxon Mobil (XOM) have what it takes?
Exxon's first-quarter earnings declined due to lower natural gas prices and refining margins. The company continued to make progress on its long-term strategies.
Turkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday.
Exxon Mobil's share price has increased by over 16% while the S&P 500 has only increased by a few percent. The company had strong quarterly results, but now has a high valuation of almost $470 billion. Exxon Mobil's growth engine is in Guyana, but there are risks associated with the company's slow adjustment to climate change and a volatile pricing environment.
ExxonMobil has raised its dividend payout for 41 consecutive years. The integrated oil company has benefitted from high oil prices, using its cash flow to pay down debt and increase share buybacks.
ExxonMobil beat on sales and almost beat on earnings this morning. Nevertheless, Exxon's profits were down 28% year over year, and investors didn't like that one bit.
Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.