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Exxon Mobil, Salesforce, BHP and Oil-Dri are included in this Analyst Blog.
We maintain a HOLD rating for Exxon Mobil shares, reflecting updated forecasts for oil prices, production, and market conditions. The Pioneer Natural Resources acquisition is expected to significantly boost Exxon Mobil's oil and gas production, enhancing operational efficiency and synergies. Revised forecasts predict a shift from oil market deficit to surplus in 2025, with adjusted Brent oil price expectations for 2H 2024 and 2025.
The largest company 25 years ago was Microsoft, with a $348 billion market cap. The largest company now is roughly 10 times the size of Microsoft in 1999.
Exxon Mobil on Monday said it is working to safely restart operations at its Hoover offshore platform in the Gulf of Mexico.
XOM's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.
XOM CEO Darren Woods promises legal action against activist shareholders who abuse the proxy process, aiming to protect broader shareholder interests.
Recent stock price pullback has made XOM an attractive option for commodity exposure under Ray Dalio's 4-asset model. XOM's profit displays strong correlations with natural gas and oil prices. In addition, XOM shares offer a discounted valuation due to recent price corrections.
ExxonMobil has reportedly backed out of a race to buy oil assets in Namibia. Crude oil prices, meanwhile, are falling as fears of a demand and supply imbalance grip oil markets.
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.
XOM withdraws from the race to buy a 40% stake in Namibia's Mopane oil block from Galp, leaving other major energy players to compete for the asset valued at $10 billion.