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R5lDRPe2pH7GJB
5 days ago
Spring, Texas-based Exxon Mobil Corporation (XOM) engages in the exploration and production of crude oil and natural gas in the United States and internationally. Valued at a market cap of $628.8 billion, the company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. XOM is expected to release its Q2 2026 earnings on Friday, July 31, before the market opens.
Ahead of the event, ****** ysts expect the company's EPS to be $3.88 on a diluted basis, up 136.6% from $1.64 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in all of its last four quarters.
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#company #spring #exxon #mobil
ultra
5 days ago
Madison Dividend Income Fund, managed by Madison Funds, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund aims to generate income and capital appreciation from a high-quality, high-dividend portfolio. The Fund (class I) returned +1.8% in the second quarter, which compared to the S&P 500 Index, Russell 1000 Value Index, and Lipper Equity Income peer group returns of +15.2%, +13.9%, and +9.7%, respectively. YTD, the Fund returned +7.7%, compared with +10.2%, +16.3%, and +9.9% for the indexes, respectively. The Technology sector performed strongly, while Energy lagged. The firm sees the Energy sector's decline as an opportunity to buy undervalued energy stocks with good dividends. With S&P 500 valuations at all-time highs, risks include market correction and multiple contraction. The Fund aims to mitigate these risks by maintaining a diversified mix of high-quality, high-yield stocks in undervalued sectors. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Madison Dividend Income Fund highlighted ExxonMobil Holdings Corporation (NYSE:XOM). ExxonMobil Holdings Corporation (NYSE:XOM) is a leading energy company that engages in the exploration and production of crude oil and natural gas. On July 21, 2026, ExxonMobil Holdings Corporation (NYSE:XOM) closed at $151.71 per share, reflecting a market capitalization of $628.83 billion. ExxonMobil Holdings Corporation (NYSE:XOM) posted a one-month return of 10.82%, while its shares gained 38.01% over the past 52 weeks.
Madison Dividend Income Fund stated the following regarding ExxonMobil Holdings Corporation (NYSE:XOM) in its Q2 2026 investor update:
"One of the fund's top holdings is ExxonMobil Holdings Corporation (NYSE:XOM). XOM is the world's premier integrated oil and gas company. It has attractive upstream exploration and production ******* ets in the low-cost Permian Basin and a unique, ultra-low-cost growth opportunity in Guyana, along with developing liquid natural gas (LNG) ******* ets for data centers. The company has a downstream Product Solutions segment that refines energy, chemical and specialty products. Its low-cost position, diversified ******* et base, scale, integrated ******* ets and strong balance sheet provide a sustainable competitive advantage, in our view.
XOM's five-year "Plan to 2030" provides a framework for higher growth and substantial capital returns. It targets 65% of upstream production from its "advantaged" ******* ets by 2030, up from 59% today, which will drive a favorable mix shift and expand margins. The company thinks it can add $25 billion in earnings and $35 billion in cash flow while keeping capital expenditures flat in the $22-27 billion range.

#holdings #income #energy #high
pvxdxmgf
6 days ago
Energy stocks have regained momentum in 2026. Oil prices remain well above their long-term averages, global demand for liquefied natural gas (LNG) continues to grow, and electricity consumption is accelerating as artificial intelligence (AI) data centers and electrification place new demands on the power grid.
Not every energy company will benefit equally. But if you're looking for stocks with clear catalysts over the next 12 months, these three stand out.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
ExxonMobil (NYSE: XOM) has built one of the oil industry's lowest-cost, highest-return businesses. And its biggest advantage is Guyana, where the company has now discovered more than 11 billion barrels of recoverable oil equivalent, making it one of the largest oil discoveries in decades. Production recently surpassed 700,000 barrels per day, and management expects Guyana to produce about 1.7 million barrels per day by 2030.
That country is also one of the world's lowest-cost oil sources, with break-even prices estimated at less than $35 per barrel. That allows Exxon to remain highly profitable even if crude prices sink.

#guyana #energy #flashing #remain
kafexayivicebuxolu
6 days ago
Madison Dividend Income Fund, managed by Madison Funds, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund aims to generate income and capital appreciation from a high-quality, high-dividend portfolio. The Fund (class I) returned +1.8% in the second quarter, which compared to the S&P 500 Index, Russell 1000 Value Index, and Lipper Equity Income peer group returns of +15.2%, +13.9%, and +9.7%, respectively. YTD, the Fund returned +7.7%, compared with +10.2%, +16.3%, and +9.9% for the indexes, respectively. The Technology sector performed strongly, while Energy lagged. The firm sees the Energy sector's decline as an opportunity to buy undervalued energy stocks with good dividends. With S&P 500 valuations at all-time highs, risks include market correction and multiple contraction. The Fund aims to mitigate these risks by maintaining a diversified mix of high-quality, high-yield stocks in undervalued sectors. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Madison Dividend Income Fund highlighted ExxonMobil Holdings Corporation (NYSE:XOM). ExxonMobil Holdings Corporation (NYSE:XOM) is a leading energy company that engages in the exploration and production of crude oil and natural gas. On July 21, 2026, ExxonMobil Holdings Corporation (NYSE:XOM) closed at $151.71 per share, reflecting a market capitalization of $628.83 billion. ExxonMobil Holdings Corporation (NYSE:XOM) posted a one-month return of 10.82%, while its shares gained 38.01% over the past 52 weeks.
Madison Dividend Income Fund stated the following regarding ExxonMobil Holdings Corporation (NYSE:XOM) in its Q2 2026 investor update:
"One of the fund's top holdings is ExxonMobil Holdings Corporation (NYSE:XOM). XOM is the world's premier integrated oil and gas company. It has attractive upstream exploration and production ****** ets in the low-cost Permian Basin and a unique, ultra-low-cost growth opportunity in Guyana, along with developing liquid natural gas (LNG) ****** ets for data centers. The company has a downstream Product Solutions segment that refines energy, chemical and specialty products. Its low-cost position, diversified ****** et base, scale, integrated ****** ets and strong balance sheet provide a sustainable competitive advantage, in our view.
XOM's five-year "Plan to 2030" provides a framework for higher growth and substantial capital returns. It targets 65% of upstream production from its "advantaged" ****** ets by 2030, up from 59% today, which will drive a favorable mix shift and expand margins. The company thinks it can add $25 billion in earnings and $35 billion in cash flow while keeping capital expenditures flat in the $22-27 billion range.

#NYSE #madison
sviyp
9 days ago
ExxonMobil (NYSE: XOM) provided additional information about its second-quarter operations to help Wall Street prepare for its actual earnings release. That isn't a normal event, but then these aren't normal times in the energy sector. Here's what investors need to know.
The geopolitical conflict in the Middle East broke out late in the first quarter. The price of oil rocketed higher, but the financial benefit was minimal in the first quarter. The second quarter will see most of the impact from the energy price spike caused by the conflict. Exxon's pre-earnings update is meant to clarify the potential impact, with some estimates suggesting it could add as much as $5 billion to the company's bottom line.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, investors need to take the update with a grain of salt. Oil prices have already fallen materially from their peak levels. So the second-quarter benefit could be huge, but at this point it is hard to get a read on what that might mean for the third quarter. This speaks to the real issue investors need to keep in mind when they buy an energy stock like ExxonMobil.
The current geopolitical conflict is headline-grabbing, so investors are closely watching its impact on oil and natural gas prices. However, the energy sector has a long history of volatility. The current price swing isn't an outlier; it is the norm. That means that Exxon's earnings swing isn't abnormal, either. It is just par for the course.
bolt
9 days ago
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ******* umes it's renewable energy's fault…it isn't, not directly, at least. ******* ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
goJiBQdig
10 days ago
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ****** umes it's renewable energy's fault…it isn't, not directly, at least. ****** ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
xyhdiggadgetdrift
10 days ago
ExxonMobil (NYSE: XOM) provided additional information about its second-quarter operations to help Wall Street prepare for its actual earnings release. That isn't a normal event, but then these aren't normal times in the energy sector. Here's what investors need to know.
The geopolitical conflict in the Middle East broke out late in the first quarter. The price of oil rocketed higher, but the financial benefit was minimal in the first quarter. The second quarter will see most of the impact from the energy price spike caused by the conflict. Exxon's pre-earnings update is meant to clarify the potential impact, with some estimates suggesting it could add as much as $5 billion to the company's bottom line.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, investors need to take the update with a grain of salt. Oil prices have already fallen materially from their peak levels. So the second-quarter benefit could be huge, but at this point it is hard to get a read on what that might mean for the third quarter. This speaks to the real issue investors need to keep in mind when they buy an energy stock like ExxonMobil.
The current geopolitical conflict is headline-grabbing, so investors are closely watching its impact on oil and natural gas prices. However, the energy sector has a long history of volatility. The current price swing isn't an outlier; it is the norm. That means that Exxon's earnings swing isn't abnormal, either. It is just par for the course.
TR8Ly0188
18 days ago
The company is an operational powerhouse, but a single, long-term disruption in a key business could test the limits of its strength.
For a company as vast as ExxonMobil (XOM), the story is usually one of immense scale and operational excellence. You see it in management's updates: "record levels of production in Guyana," a Permian growth plan that's on track, and refineries running at full tilt. But the biggest risk to the stock right now isn't a broad economic slowdown or a dozen small operational hiccups. It's the opposite: one very specific, very large problem that operational wins elsewhere may struggle to offset.
A 3% Production Hit With A Multi-Year Fix
The core of the issue lies in the Middle East, where recent conflict damaged two of the company's LNG trains in Qatar. This isn't a minor disruption. Management has been clear that the impact represents about 3% of its global production. That's a material hole in the company's output.
The mechanism here is straightforward: less product to sell means less revenue and cash flow. What makes this risk particularly potent is the timeline. The company stated that the "repair time will be anywhere between 3 and 5 years." This transforms a temporary setback into a multi-year drag on performance. While ExxonMobil is firing on all cylinders in places like Guyana and the Permian, it now has to generate enough new growth to not only move forward but also to backfill a significant, long-term production gap.
D7mN5YFOs8M
24 days ago
Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) are **** ans of the global energy landscape, but their diverging paths in a changing economy present a unique puzzle for retail investors today. This match-up explores which stock is a better buy.
Chevron is doubling down on operational efficiency in major basins while eyeing the power-hungry technology sector. Exxon Mobil is leveraging its massive scale to dominate traditional markets and lead the charge in carbon capture and storage. Both are navigating a transition toward cleaner energy while maintaining robust oil and gas production.
Chevron sells crude oil, natural gas, and refined products to industrial and consumer markets globally. The company operates in major regions like Kazakhstan, Australia, and the U.S. shale basins through partnerships with entities like Hess Midstream LP. While primarily focused on fossil fuels, the company also monitors developments in renewable energy stocks to stay competitive in a changing market.
In FY 2025, revenue reached nearly $184.4 billion, representing a decrease of approximately 4.6% from the previous year. The company reported net income of close to $12.3 billion for the same period, down from $17.7 billion in 2024. This resulted in a net margin of roughly 6.7%, which measures how much of every dollar of sales remains after all expenses are paid.
As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 0.3x. This ratio measures total debt against shareholder equity, and a lower number indicates a lighter debt load. The current ratio, which compares short-term **** ets to short-term liabilities, was nearly 1.2x. Free cash flow for the year was close to $16.6 billion, representing the cash a company generates after accounting for capital expenditures.
mix_0157
28 days ago
Micron (MU) and Nvidia (NVDA) best deliver come earnings day, or else.
Quick insight: Goldman Sachs strategist Ben Snider estimated that AI infrastructure stocks will contribute nearly 60% of S&P 500 (^GSPC) EPS growth this quarter.
The top 10 contributing stocks are expected to account for nearly 75% of total S&P 500 earnings growth in Q2, with Micron, Nvidia, Exxon (XOM), and Broadcom (AVGO) accounting for about 54%.
The why: Investors will have a lot to **** s as second quarter reporting season kicks off in mid-July. For one, they must monitor whether hyperscalers like Microsoft and Alphabet (GOOG, GOOGL) can justify their staggering capital expenditures to build out AI infrastructure.
Wall Street will also be laser-focused on how corporate margins are holding up against 3% inflation and the lingering supply chain disruptions caused by the Iran war. Additionally, corporate guidance must be heavily scrutinized to determine if the widening "K-shaped" consumer gap is further dampening sales volume for discount retailers and discretionary products.
vnxlvy_socket
1 month ago
On June 23, S&P Dow Jones Indices announced that Alphabet would be replacing Verizon Communications in the Dow Jones Industrial Average.
Since 2020, seven of the Dow's 30 components have changed, including the additions of Honeywell International, Salesforce, Amgen, Amazon, Nvidia, Sherwin-Williams, and now Alphabet, and the deletions of RTX, ExxonMobil, Pfizer, Walgreens Boots Alliance, Intel, Dow, and Verizon.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Space Exploration Technologies (NASDAQ: SPCX) -- otherwise known as **** eX -- has only been public for a couple of weeks. But the company has a strong case for joining the Dow one day. Here are three reasons **** eX could eventually join the Dow, and whether the growth stock is a buy now.
With just 30 components, each Dow stock represents certain industries and a stock market sector. The strongest case for **** eX joining the Dow is that it is the undisputed leader in the commercial **** e launch industry -- conducting 82% of U.S. **** e launches.
dust9
1 month ago
For most of 2026, Exxon Mobil (XOM) and Chevron (CVX) investors enjoyed good gains as the Middle East crises pushed crude price to record highs.
The Iran war had throttled the Strait of Hormuz, the narrow passage through which roughly a fifth of the world's oil normally travels, and both stocks surged on the news.
Then the U.S. Treasury, in the early hours of June 22, made a major change.
The Office of Foreign **** ets Control published General License X, a sweeping 60-day authorization letting buyers worldwide purchase, transport, and arrange services for Iranian crude, petroleum products, and petrochemicals with no volume cap.
Buyers can now pay Iran directly in U.S. dollars, removing one of the biggest practical barriers to Iranian oil reaching global markets.
D7mN5YFOs8M
1 month ago
With an annual dividend yield of 2.95%, Exxon Mobil Corporation (NYSE:XOM) is included among the 12 Best S&P 500 Stocks to Buy for Dividends.
Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.
It was reported on June 16 that Exxon Mobil Corporation (NYSE:XOM) has applied for environmental authorization for a 35-well exploration ⁠campaign in the Stabroek block off the coast of Guyana. According to the country's Environmental Protection Agency, the campaign is expected to run from 2028 to 2033 and would occur simultaneously with other drilling programs.
While the EPA thinks that the project by itself will not significantly impact the marine environment and thus an environmental impact **** sment is not required, it noted that a **** ulative impact **** sment needs to be filed.
The American oil and gas giant began oil production in Guyana in 2019 and reported $4.67 billion in profit from its operations in the South American country in 2025. Exxon currently produces more than 900,000 barrels per day from Guyana and remains on track to expand its installed capacity to 1.7 million bpd by 2030.
socketwhirl
1 month ago
EPD has grown distributions for 27 straight years while XOM beat earnings expectations for a fourth straight quarter, both funding payouts with real cash flow.
CVX yields ~4% with 39 consecutive dividend increases and boosted output 15% after absorbing Hess, making it the highest-yielding major.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Exxon Mobil didn't make the cut. Grab the names FREE today.
Crude oil has whipsawed investors all year. WTI spiked to $112.25 per barrel in mid-May as the Iran conflict rattled supply lanes, then drifted back to $84.65 by June 15. For income investors, that kind of volatility is exactly why owning energy through dividend-rich names with insulated cash flows beats trying to ride the barrel. The three picks below have multi-decade payout streaks, fortress-grade balance sheets or fee-based revenue models, and Q1 2026 results that confirmed the dividends are funded by real cash, not financial engineering.
Each name carries a concrete reason to be called "reliable": 27 consecutive years of distribution growth at one, 43 consecutive years of dividend increases at another, and 39 consecutive years at the third. Here is how to think about each one as we move through June.
codez
1 month ago
By Jan Wolfe
WASHINGTON, June 23 (Reuters) - The U.S. Supreme Court made it easier on Tuesday for U.S. companies to seek compensation from Cuba's government for property seized decades ago by former leader Fidel Castro's government, ruling in favor of ExxonMobil in its lawsuit against Cuban state-owned ‌firm Corporación CIMEX.
In a 6-3 decision, the court said a legal defense called foreign sovereign immunity, which generally prohibits U.S. lawsuits against foreign governments ‌and their agents, is not available in cases like the one Exxon brought against CIMEX under a 1996 U.S. law called the Helms-Burton Act.
Conservative Justice Brett Kavanaugh, who authored the ruling, wrote that the 30-year-old federal law "abrogates the sovereign immunity of Cuban agencies and instrumentalities."
"The Helms-Burton Act authorizes private suits against Cuban agencies and instrumentalities — suits that would largely be nonstarters if subjected to the FSIA's requirements," Kavanaugh wrote, referring to the Foreign Sovereign Immunities Act of 1976.
fxftawxufdm
1 month ago
The Pentagon has told senators it needs roughly $80 billion, mostly to cover the cost of the U.S. war against Iran, adding to an already sizable military spending boost sought by President Donald Trump. Defense Secretary Pete Hegseth has been making the rounds on Capitol Hill ahead of a formal request as Iran's president is in Pakistan to facilitate negotiations on ending the war.
Trump will visit a Mack Truck facility in a battleground district in swing state Pennsylvania Tuesday, shifting attention to the U.S. economy in his first major public event beyond the capital since he signed an interim agreement to end the Iran war.
National Guard members and U.S. Park Police have been patrolling around the Lincoln Memorial Reflecting Pool as the Trump administration faces a self-imposed deadline to fix a botched renovation before the nation's 250th anniversary celebration.
The Latest:
The Cisco and ExxonMobil rulings, issued the same day, open U.S. courts in one case involving a foreign government while shutting the door in another. But they involved very different statutes.
19261306768118grc
1 month ago
Exxon Mobil Corporation (NYSE:XOM) is one of the most undervalued NYSE stocks to invest in. On June 18, ExxonMobil South Africa LNG signed a heads of agreement with the Zululand Energy Terminal/ZET to supply liquefied natural gas. The terminal will be South Africa's first LNG import facility ‌once built.
This project, managed by a consortium including Vopak Terminal Durban and Transnet Pipelines, aims to establish a hub for LNG storage, regasification, and distribution under a 25-year operational term.
The terminal is designed to provide essential infrastructure to supply natural gas to the country's electricity and industrial sectors. This development is particularly critical as South Africa faces a potential "gas cliff" by 2030 due to declining output from existing regional supply sources, which could threaten industrial operations and economic stability if alternative gas supplies are not secured.
Once operational, the facility is expected to strengthen South Africa's long-term energy security and support the country's industrial competitiveness. Both Exxon Mobil Corporation (NYSE:XOM) and ZET highlighted that the collaboration leverages global LNG expertise to address the country's growing energy demand while facilitating a balanced transition within the broader energy sector.
Copyright: 1971yes / 123RF Stock Photo
glid2compass
1 month ago
Exxon Mobil stock's support from institutional investors is being tested as an interim agreement between the U.S. and Iran bears relief for global oil markets.
On Wednesday, President Donald Trump signed a memorandum of understanding with Iran that begins a 60-day period for finalizing a possible peace deal to end the four-month conflict. The agreement lifted Iranian shipping restrictions on the Strait of Hormuz, a key waterway for oil transportation, easing energy prices as the supply of oil increases.
U.S. West Texas Intermediate futures fell to around $76 per barrel on Thursday. Prices moved below $80 per barrel on Monday for the first time in months. While oil prices are tumble from recent highs, energy costs will likely remain high for the immediate future as shippers continue to watch for developments or whether the U.S.-Iran deal will hold. Meanwhile, refineries that depend on oil transported through the Strait of Hormuz will likely need time to resume production.
U.S. energy names fell on the news, with Exxon Mobil (XOM) stock plunging more than 4% on Monday, The stock tumbled 6.3% for the week to 137.81, just above its 200-day moving average. XOM stock has been trending lower since early April as a U.S.-Iran ceasefire got underway.
Still, institutional buyers are still likely to give Exxon stock some support. "In our model, the billion dollar funds were buying Exxon, they're buying Valero, they're buying (chemical company) Corteva," Scott Bennett, founder of Invest with Rules and IWR Advisors, told the "Investing with IBD" podcast.
H4RdCEfuCcxJ
1 month ago
ExxonMobil is ***** sing possible acquisition targets that include Australia-based Woodside Energy Group, according to a report from Bloomberg News, citing unnamed sources.
The US-based oil and gas company is said to be holding initial internal discussions as it seeks to expand further into the liquefied natural gas (LNG) sector and reinforce its foothold in Asian energy markets.
The sources, who requested anonymity as they are not authorised to speak publicly, stated that ExxonMobil has not made any decisions. There is also no certainty that these considerations will result in a formal bid for Woodside or any other entity, said the sources.
A prospective acquisition of Woodside, Australia's largest LNG exporter, would represent a strategic shift for ExxonMobil, which completed a $60bn deal for US shale producer Pioneer Natural Resources in 2024.
Bloomberg reported that the acquisition of Woodside would broaden ExxonMobil's operational reach outside the US. It would also give the company a greater stake in LNG, an area where it trails behind operators such as Shell and TotalEnergies, the publication said.
zoom
2 months ago
South America has raised its oil exports more than the U.S. has done so far this year as key producers in the region boosted production and shipments to a world scrambling for crude that’s not dependent on the Strait of Hormuz.
Over the past five years, South America’s biggest producer and exporter, Brazil, has started production at several new offshore platforms in the Santos pre-salt fields. Guyana has continuously increased overseas shipments as the Exxon-led consortium starts up developments at fields in the offshore Stabroek block, where more than 11 billion barrels of oil equivalent have been found over the past decade.
Colombia, Ecuador, and Peru have seen their crude output decline. Venezuela, however, is raising its output after more than six years of crumbling production and exports between the U.S. sanctions on the Venezuelan industry in 2019 and the U.S. capture of Nicolas Maduro early this year.
In the past two months, Venezuela has boosted its oil exports to a seven-year high and is set to further ramp up shipments as U.S.-controlled sales, easing sanctions, and returning international firms lifted Venezuela’s oil production.
The rise of supply from South America couldn’t have come at a better time for these producers—buyers are scrambling for supply that doesn’t need passage through the Strait of Hormuz after the Middle East war crippled exports from the world’s most important exporting region.
GreatAmerica
8 months ago
The stocks listed below yield between 2.7% and 3.5%.
They are in different sectors of the economy and can help diversify your portfolio while also generating plenty of recurring cash flow.
10 stocks we like better than AbbVie ›
Want some quality income-generating investments you can put in your portfolio for the long term, and not worry about? The stocks listed below check off those boxes and can make for ideal investments to buy and hold. Not only do they offer high yields today, but they've also been growing their payouts for decades.
AbbVie (NYSE: ABBV), Home Depot (NYSE: HD), and Exxon
science
8 months ago
De Zavala Elementary in Midland has implemented the School Action Fund STEM model to provide students with high-quality learning experiences in Science, Technology, Engineering, and Mathematics. (Courtesy Photo)
MIDLAND In Midland ISD, De Zavala Elementary School is embarking on an exciting new chapter as it launches a comprehensive STEM model designed to inspire curiosity, creativity, and innovation in every student. The initiative, made possible through the generous support of Chevron, the ExxonMobil Foundation, and ConocoPhillips, will transform the campus into a hub of hands-on exploratio

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