48 mins. ago
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven't returned to operating oilfields in the world's largest oil reserves holder.
Chevron, which has operated in Venezuela throughout Maduro's reign, is extracting and exporting oil to the U.S., but neither ExxonMobil nor ConocoPhillips have returned as negotiations led by Venezuela's state oil firm PDVSA are not progressing as fast as the U.S. Administration probably thought in January when it extracted Maduro and hailed the big U.S. return to Venezuela's oil industry.
There have been some deals signed in recent months, with service providers and smaller American oil companies, which seem more willing to take the risks of operating in the country, which has yet to see a stable political and fiscal environment for large-scale operations.
Earlier this month, Venezuela signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, the country's oil minister, Paula Henao, said.
Related: The 60 Day Peace Window Closed, and Trump's Iran Strategy May Shift Dramatically
#operating #service
Chevron, which has operated in Venezuela throughout Maduro's reign, is extracting and exporting oil to the U.S., but neither ExxonMobil nor ConocoPhillips have returned as negotiations led by Venezuela's state oil firm PDVSA are not progressing as fast as the U.S. Administration probably thought in January when it extracted Maduro and hailed the big U.S. return to Venezuela's oil industry.
There have been some deals signed in recent months, with service providers and smaller American oil companies, which seem more willing to take the risks of operating in the country, which has yet to see a stable political and fiscal environment for large-scale operations.
Earlier this month, Venezuela signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, the country's oil minister, Paula Henao, said.
Related: The 60 Day Peace Window Closed, and Trump's Iran Strategy May Shift Dramatically
#operating #service
1 day ago
Dividends are great, but what's even better for long-term investors is knowing that they're holding shares of a company that's a true dividend stock, not just a stock that pays a dividend.
Companies become true dividend names by showing unwavering commitment to steadily increasing their payouts. One of the world's largest oil companies, ExxonMobil (NYSE: XOM), is certainly in that camp. ExxonMobil is on a 43-year run of increasing its payout. Those are increases shareholders can set their clocks by, and for those wondering, pencil in the energy stock's next dividend lift. It's likely to arrive in October, as it has over the past several years.
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 »
Each of the company's 2023 through 2025 increases was $0.04 per share quarterly. That's not much, but those boosts add up over time. That consistency may have some on Wall Street banking on another increase of $0.03 to $0.04 a share, but ExxonMobil can deliver an "October surprise" -- and a positive one at that.
In addition to the 43-year payout increase streak, ExxonMobil is the second-largest dividend payer in the S&P 500. Fortunately, a yield of 2.5% and a payout ratio of 52.5% imply two pivotal factors. First, the energy company isn't burdened by its dividend obligations. Second, there's room for payout growth.
#exxonmobil
Companies become true dividend names by showing unwavering commitment to steadily increasing their payouts. One of the world's largest oil companies, ExxonMobil (NYSE: XOM), is certainly in that camp. ExxonMobil is on a 43-year run of increasing its payout. Those are increases shareholders can set their clocks by, and for those wondering, pencil in the energy stock's next dividend lift. It's likely to arrive in October, as it has over the past several years.
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 »
Each of the company's 2023 through 2025 increases was $0.04 per share quarterly. That's not much, but those boosts add up over time. That consistency may have some on Wall Street banking on another increase of $0.03 to $0.04 a share, but ExxonMobil can deliver an "October surprise" -- and a positive one at that.
In addition to the 43-year payout increase streak, ExxonMobil is the second-largest dividend payer in the S&P 500. Fortunately, a yield of 2.5% and a payout ratio of 52.5% imply two pivotal factors. First, the energy company isn't burdened by its dividend obligations. Second, there's room for payout growth.
#exxonmobil
1 day ago
ExxonMobil (NYSE: XOM) recently warned Kazakhstan that the Central Asian nation's largest oil field, Tengiz, will hit its production peak next year. Worse yet, output from the field will begin to decline. Exxon estimates it will fall nearly 40% by 2035 to around 500,000 barrels per day (bpd). That also has implications for Chevron, as it helped develop the field through its 50% interest in the Tengizchevroil (TCO) partnership.
However, while Tengiz is about to plateau and decline, that's not a crisis for ExxonMobil. Here's why.
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 »
Even though output at Tengiz is about to peak and start declining, Exxon has another opportunity in Kazakhstan: Kashagan. The giant offshore field in the Caspian Sea is operated by a partnership that includes Exxon, Shell, TotalEnergies, and others. Exxon sees the potential for an $80 billion joint investment to develop the western part of the field. This expansion could produce up to 600,000 bpd.
However, the field is part of a long-running dispute between Kazakhstan and the operating consortium. Kazakhstan levied a $5 billion environmental fine that the field's operator hasn't paid. Additionally, the government says the partners owe it $150 billion for lost revenue due to development delays, a claim currently before international arbitration. Exxon and its partners won't invest the capital needed to boost production in this field until they resolve the dispute with the government.
#billion
However, while Tengiz is about to plateau and decline, that's not a crisis for ExxonMobil. Here's why.
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 »
Even though output at Tengiz is about to peak and start declining, Exxon has another opportunity in Kazakhstan: Kashagan. The giant offshore field in the Caspian Sea is operated by a partnership that includes Exxon, Shell, TotalEnergies, and others. Exxon sees the potential for an $80 billion joint investment to develop the western part of the field. This expansion could produce up to 600,000 bpd.
However, the field is part of a long-running dispute between Kazakhstan and the operating consortium. Kazakhstan levied a $5 billion environmental fine that the field's operator hasn't paid. Additionally, the government says the partners owe it $150 billion for lost revenue due to development delays, a claim currently before international arbitration. Exxon and its partners won't invest the capital needed to boost production in this field until they resolve the dispute with the government.
#billion
5 days ago
A five-year correlation this low is not a statistical curiosity; it is what an earnings stream built on barrels and product margins looks like beside the index.
ExxonMobil (XOM) has gained 4.3% over the last five trading days while the S&P 500 slipped 0.5%, and a stock rising while the tape sags is the kind that gets chased. But the question that decides your outcome is different: how much of this return is its own story rather than the index you already own, and what owning it does to your swings. On five years of evidence, most of that return is not the index.
Most Of What Moves This Stock Is Not What Moves The Index
Over the past five years ExxonMobil's correlation to the S&P 500 has been 0.26, on a scale where 1.0 would mean lockstep. Gold, the ***** et investors hold precisely because it does its own thing, correlates to this stock at 0.1 over the same five years. The index reading is higher, and still describes a stock that has largely moved independently of the broad market. That independence has not cost return, though it has cost calm: the stock annualized 30.2% over that window against 13.2% for the index, at 26.7% volatility versus 17.2%.
Barrels And Product Margins Are What Set This Return Stream
#years #moves
ExxonMobil (XOM) has gained 4.3% over the last five trading days while the S&P 500 slipped 0.5%, and a stock rising while the tape sags is the kind that gets chased. But the question that decides your outcome is different: how much of this return is its own story rather than the index you already own, and what owning it does to your swings. On five years of evidence, most of that return is not the index.
Most Of What Moves This Stock Is Not What Moves The Index
Over the past five years ExxonMobil's correlation to the S&P 500 has been 0.26, on a scale where 1.0 would mean lockstep. Gold, the ***** et investors hold precisely because it does its own thing, correlates to this stock at 0.1 over the same five years. The index reading is higher, and still describes a stock that has largely moved independently of the broad market. That independence has not cost return, though it has cost calm: the stock annualized 30.2% over that window against 13.2% for the index, at 26.7% volatility versus 17.2%.
Barrels And Product Margins Are What Set This Return Stream
#years #moves
7 days ago
The oil majors are soaring. ExxonMobil Holdings (NYSE: XOM) posted net income of $14.5 billion for the second quarter, more than double the $7.1 billion profit it had a year ago. Chevron's (NYSE: CVX) net income of $12 billion for the quarter was almost 400% higher than the year-ago quarter.
Chevron beat Wall Street's earnings estimates by $0.50 a share, at $6.06. Exxon, meanwhile, fell $0.08 short of estimates, posting adjusted earnings of $3.52 a share. The company said difficulties in its refining business were to blame.
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 »
Still, the increase in net income at the two oil behemoths is stunning. And both companies handily beat ****** ysts' revenue estimates. Of course, higher oil prices resulting from the war in the Persian Gulf and the closure of the Strait of Hormuz, through which about one-fifth of the world's oil flows, are a huge part of that.
And both companies seem to be firing on all cylinders. So, the question is, which one is the better investment right now? I like Chevron. Here's why.
#signal #income #billion #double
Chevron beat Wall Street's earnings estimates by $0.50 a share, at $6.06. Exxon, meanwhile, fell $0.08 short of estimates, posting adjusted earnings of $3.52 a share. The company said difficulties in its refining business were to blame.
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 »
Still, the increase in net income at the two oil behemoths is stunning. And both companies handily beat ****** ysts' revenue estimates. Of course, higher oil prices resulting from the war in the Persian Gulf and the closure of the Strait of Hormuz, through which about one-fifth of the world's oil flows, are a huge part of that.
And both companies seem to be firing on all cylinders. So, the question is, which one is the better investment right now? I like Chevron. Here's why.
#signal #income #billion #double
7 days ago
ExxonMobil (NYSE: XOM) technically missed Wall Street's expectations for the second quarter. Adjusted earnings came in at $3.52 per share, just below the consensus estimate of $3.60. That was enough to trigger a negative reaction. But focusing only on the earnings miss overlooks what was arguably one of ExxonMobil's strongest operating quarters in years.
The company reported $14.5 billion in earnings and $14.7 billion in adjusted earnings, its highest quarterly earnings in roughly four years. ExxonMobil also generated $23.6 billion in cash flow from operations and $17.2 billion in free cash flow, giving it plenty of room to continue investing in growth while returning cash to shareholders.
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 »
Perhaps the most encouraging numbers weren't on the income statement at all. Exxon delivered its highest upstream production in more than two decades, excluding temporary Middle East disruptions. Production in the Permian Basin reached a record 1.8 million barrels of oil equivalent per day, while the company's fifth floating production vessel for Guyana is scheduled to begin operations in the fourth quarter, adding another 250,000 barrels per day of production capacity.
The downstream business also performed well. Exxon reported record diesel production, helping offset refinery maintenance earlier in the year. Chemical products earned $1.13 billion, while the Energy Products segment rebounded sharply to $5.47 billion after posting a loss during the previous quarter.
#billion #production #cash
The company reported $14.5 billion in earnings and $14.7 billion in adjusted earnings, its highest quarterly earnings in roughly four years. ExxonMobil also generated $23.6 billion in cash flow from operations and $17.2 billion in free cash flow, giving it plenty of room to continue investing in growth while returning cash to shareholders.
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 »
Perhaps the most encouraging numbers weren't on the income statement at all. Exxon delivered its highest upstream production in more than two decades, excluding temporary Middle East disruptions. Production in the Permian Basin reached a record 1.8 million barrels of oil equivalent per day, while the company's fifth floating production vessel for Guyana is scheduled to begin operations in the fourth quarter, adding another 250,000 barrels per day of production capacity.
The downstream business also performed well. Exxon reported record diesel production, helping offset refinery maintenance earlier in the year. Chemical products earned $1.13 billion, while the Energy Products segment rebounded sharply to $5.47 billion after posting a loss during the previous quarter.
#billion #production #cash
8 days ago
Oil prices have soared in recent months as a result of the almost complete closure of the Strait of Hormuz, a key trade corridor connecting Asia and Europe. High fossil fuel prices have helped to drive up the profits of oil and gas companies around the globe, particularly in the United States and Europe. As a few companies boost production to fill the gap, some oil majors have seen record earnings in the first half of the year, a trend that is expected to continue for as long as Hormuz trade remains restricted.
Eight of the largest oil firms achieved combined profits of over $90 billion in the three months from April to June, following the U.S.-Israeli attack on Iran and the subsequent war. Iran's decision to close the Strait of Hormuz, the waterway between Oman and Iran that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, has led to the biggest disruption of fossil fuel supplies in the market's history. As a few oil majors from the United States, Europe, and the Middle East step in to fill the gap and oil prices are pushed higher, a few companies have come out on top.
The phenomenon has also demonstrated that the world remains overly dependent on fossil fuels, with countries willing to pay a premium to secure their oil and gas supplies in the face of major global shortages. Environmentalists are concerned about what this reliance means for climate change, as greenhouse emissions remain high. The lack of energy diversification and the heavy dependence on fossil fuels also poses a threat to energy security for many countries.
The eight companies ***** sed – Aramco, BP, Shell, Equinor, TotalEnergies, Eni, Chevron, and ExxonMobil – have almost doubled their combined profits, from just below $50 billion in the second quarter of 2025. The increase in oil prices has driven up consumer energy bills worldwide, while oil companies continue to profit. This has reignited the discussion around windfall tax, as governments call for oil companies to pay higher levies to subsidise energy bills and environmentalists believe extra taxes could help pay to address the environmental damage caused by oil operations.
The Brent Benchmark put oil prices at around $68 a barrel at the end of February, rising to highs of nearly $100 a barrel in May. Saudi Arabia's Aramco benefited the most from the price increase over the spring, reporting a 34 per cent rise in its quarterly net income, at over $33 billion. Aramco saw high profits even following damage to its infrastructure by drone and missile strikes from Iranian and Houthi forces. The company's record oil sales meant that it was responsible for more carbon emissions than any company in history, according to the database Carbon Majors.
#Companies #prices #hormuz #Europe
Eight of the largest oil firms achieved combined profits of over $90 billion in the three months from April to June, following the U.S.-Israeli attack on Iran and the subsequent war. Iran's decision to close the Strait of Hormuz, the waterway between Oman and Iran that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, has led to the biggest disruption of fossil fuel supplies in the market's history. As a few oil majors from the United States, Europe, and the Middle East step in to fill the gap and oil prices are pushed higher, a few companies have come out on top.
The phenomenon has also demonstrated that the world remains overly dependent on fossil fuels, with countries willing to pay a premium to secure their oil and gas supplies in the face of major global shortages. Environmentalists are concerned about what this reliance means for climate change, as greenhouse emissions remain high. The lack of energy diversification and the heavy dependence on fossil fuels also poses a threat to energy security for many countries.
The eight companies ***** sed – Aramco, BP, Shell, Equinor, TotalEnergies, Eni, Chevron, and ExxonMobil – have almost doubled their combined profits, from just below $50 billion in the second quarter of 2025. The increase in oil prices has driven up consumer energy bills worldwide, while oil companies continue to profit. This has reignited the discussion around windfall tax, as governments call for oil companies to pay higher levies to subsidise energy bills and environmentalists believe extra taxes could help pay to address the environmental damage caused by oil operations.
The Brent Benchmark put oil prices at around $68 a barrel at the end of February, rising to highs of nearly $100 a barrel in May. Saudi Arabia's Aramco benefited the most from the price increase over the spring, reporting a 34 per cent rise in its quarterly net income, at over $33 billion. Aramco saw high profits even following damage to its infrastructure by drone and missile strikes from Iranian and Houthi forces. The company's record oil sales meant that it was responsible for more carbon emissions than any company in history, according to the database Carbon Majors.
#Companies #prices #hormuz #Europe
11 days ago
ExxonMobil's latest earnings call forced management to explain a strange problem: why its best project is so successful that the company's share of the oil is now falling.
After a large 56% run over the past year, ExxonMobil (XOM) shareholders are accustomed to good news. So on its latest call, management had to explain a counterintuitive development in its crown jewel ****** et, Guyana. The project is so successful and has paid back its investment so far ahead of schedule that Exxon's share of the oil is now set to decline, forcing ****** ysts to question if this signals peaking growth or the start of an even more profitable phase for the company.
A Victim of Its Own Success?
The core worry is straightforward. In Guyana, Exxon has recovered its initial investment costs "nearly two years earlier than anticipated," a stunning success that triggered a shift in the production-sharing contract. This means the government of Guyana now gets a larger slice of the pie, and Exxon's entitled volume of oil shrinks. For a stock that has been rewarded for growth, seeing your share of the output fall in your star ****** et looks like a red flag, suggesting the growth story that powered the stock might be fading.
Management's response was to frame this as an unmitigated victory. The accelerated payback wasn't just due to high oil prices. The CFO pointed to a "2-year acceleration of our investment recovery" driven purely by stellar execution: building facilities at industry-leading cost and running them more reliably than planned. The message was that this isn't a problem to be managed, but a result to be celebrated, driven by operational excellence.
#investment #Growth #call #problem
After a large 56% run over the past year, ExxonMobil (XOM) shareholders are accustomed to good news. So on its latest call, management had to explain a counterintuitive development in its crown jewel ****** et, Guyana. The project is so successful and has paid back its investment so far ahead of schedule that Exxon's share of the oil is now set to decline, forcing ****** ysts to question if this signals peaking growth or the start of an even more profitable phase for the company.
A Victim of Its Own Success?
The core worry is straightforward. In Guyana, Exxon has recovered its initial investment costs "nearly two years earlier than anticipated," a stunning success that triggered a shift in the production-sharing contract. This means the government of Guyana now gets a larger slice of the pie, and Exxon's entitled volume of oil shrinks. For a stock that has been rewarded for growth, seeing your share of the output fall in your star ****** et looks like a red flag, suggesting the growth story that powered the stock might be fading.
Management's response was to frame this as an unmitigated victory. The accelerated payback wasn't just due to high oil prices. The CFO pointed to a "2-year acceleration of our investment recovery" driven purely by stellar execution: building facilities at industry-leading cost and running them more reliably than planned. The message was that this isn't a problem to be managed, but a result to be celebrated, driven by operational excellence.
#investment #Growth #call #problem
15 days ago
ExxonMobil (NYSE:XOM) reported second-quarter 2026 results on July 31, and the headline number disappointed. Adjusted earnings came in at $3.52 per share, short of the $3.60 ***** ysts expected, even though that figure was up sharply from a year earlier. Reported earnings were $14.5 billion, or $3.48 per share. But the company also generated $23.6 billion in cash from operations and $17.2 billion in free cash flow, enough to fund $9.4 billion in shareholder distributions with room to spare. The miss made headlines. The cash didn't miss anything.
Exxon's operating results told a different story than the earnings line. The company posted its highest upstream production in more than two decades, excluding disruptions in the Middle East, and Permian output topped 1.8 million oil-equivalent barrels per day, a record pace consistent with its planned 9% annual growth rate through 2030. A fifth Guyana production vessel set sail during the quarter, with startup on track for the fourth quarter of 2026 and 250,000 barrels per day of new capacity coming online. Diesel production also hit a second-quarter record. None of that shows up directly in a per-share earnings number, but it is the foundation the company is building future cash flow on.
Cost discipline reinforced the picture. Exxon has now banked $16.3 billion in ***** ulative structural cost savings since 2019, including $1.2 billion added in the first half of 2026 alone, a total the company says exceeds what BP, Chevron, Shell, and TotalEnergies have saved combined. It kept investing anyway, spending $13.0 billion in cash capital expenditures through midyear, about 20% more than its nearest rival. Growing production while cutting costs is the combination that funds a rising dividend.
The earnings miss wasn't the only soft spot. The first quarter of 2026 generated just $2.7 billion in free cash flow against $9.2 billion in shareholder distributions, forcing Exxon to lean on its balance sheet, with debt-to-capital reaching 15.4% at the time. Zoom out to the full first half and the math is tighter than the strong second quarter suggests: $19.9 billion in free cash flow covered $18.6 billion in distributions, leaving only about $1.3 billion of cushion. The company reduced debt by $7 billion in the second quarter and brought net debt-to-capital down to 11%, but the episode is a reminder that commodity earnings swing hard from quarter to quarter, and the roughly $37 billion a year Exxon is committing to dividends and buybacks needs strong quarters to keep showing up.
#quarter #cash
Exxon's operating results told a different story than the earnings line. The company posted its highest upstream production in more than two decades, excluding disruptions in the Middle East, and Permian output topped 1.8 million oil-equivalent barrels per day, a record pace consistent with its planned 9% annual growth rate through 2030. A fifth Guyana production vessel set sail during the quarter, with startup on track for the fourth quarter of 2026 and 250,000 barrels per day of new capacity coming online. Diesel production also hit a second-quarter record. None of that shows up directly in a per-share earnings number, but it is the foundation the company is building future cash flow on.
Cost discipline reinforced the picture. Exxon has now banked $16.3 billion in ***** ulative structural cost savings since 2019, including $1.2 billion added in the first half of 2026 alone, a total the company says exceeds what BP, Chevron, Shell, and TotalEnergies have saved combined. It kept investing anyway, spending $13.0 billion in cash capital expenditures through midyear, about 20% more than its nearest rival. Growing production while cutting costs is the combination that funds a rising dividend.
The earnings miss wasn't the only soft spot. The first quarter of 2026 generated just $2.7 billion in free cash flow against $9.2 billion in shareholder distributions, forcing Exxon to lean on its balance sheet, with debt-to-capital reaching 15.4% at the time. Zoom out to the full first half and the math is tighter than the strong second quarter suggests: $19.9 billion in free cash flow covered $18.6 billion in distributions, leaving only about $1.3 billion of cushion. The company reduced debt by $7 billion in the second quarter and brought net debt-to-capital down to 11%, but the episode is a reminder that commodity earnings swing hard from quarter to quarter, and the roughly $37 billion a year Exxon is committing to dividends and buybacks needs strong quarters to keep showing up.
#quarter #cash
15 days ago
It has been a good 2026 so far for many oil companies, with the conflict in the Middle East driving prices higher and lining the pockets of major companies. Big oil companies have traditionally been considered reliable dividend payers, but with the wave of extra cash that they've seen coming in this year, you can bet they'll get more shareholder-friendly.
Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM), the two largest American oil companies, have long been the standard for big oil dividend payers. But if you're looking for a stock to invest in for passive income, which one is the go-to? For most investors, it's likely Chevron. Here's why.
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 »
Both Chevron and ExxonMobil are fully integrated oil and gas companies that operate in all phases of the value chain (upstream, midstream, and downstream). The difference is what they primarily focus on.
Chevron operates more in the upstream segment, drilling and extracting oil. ExxonMobil has a much larger downstream presence, refining crude oil into refined products such as gasoline and plastics. ExxonMobil's business is larger and more diversified than Chevron's, but Chevron is known for its leaner, more efficient operations.
#flashing #Dividend #payers
Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM), the two largest American oil companies, have long been the standard for big oil dividend payers. But if you're looking for a stock to invest in for passive income, which one is the go-to? For most investors, it's likely Chevron. Here's why.
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 »
Both Chevron and ExxonMobil are fully integrated oil and gas companies that operate in all phases of the value chain (upstream, midstream, and downstream). The difference is what they primarily focus on.
Chevron operates more in the upstream segment, drilling and extracting oil. ExxonMobil has a much larger downstream presence, refining crude oil into refined products such as gasoline and plastics. ExxonMobil's business is larger and more diversified than Chevron's, but Chevron is known for its leaner, more efficient operations.
#flashing #Dividend #payers
20 days ago
Brent crude fell back to around $80 per barrel after renewed optimism over a potential US-Iran draft agreement eased geopolitical fears, even as President Trump criticized US refiners for high fuel profits.
Trump Takes Aim at Big Oil's War Profits
- Runaway Q2 earnings of US oil majors have brought ***** per profits of energy companies back into the political limelight, with US President Trump ordering retailers to 'get retail prices down' as soon as possible.
- Donald Trump accused ExxonMobil and Chevron of making too much money and told them to 'give some of that money back to the public', also calling them out for not crediting his administration's efforts to help the oil industry.
- Whilst ExxonMobil's oil production was impacted by closures in the Middle East and Chevron continues to struggle with CPC closures in Kazakhstan, it was both companies' refining margins that have been stellar since the onset of the war in March.
#Trump #profits #chevron #money
Trump Takes Aim at Big Oil's War Profits
- Runaway Q2 earnings of US oil majors have brought ***** per profits of energy companies back into the political limelight, with US President Trump ordering retailers to 'get retail prices down' as soon as possible.
- Donald Trump accused ExxonMobil and Chevron of making too much money and told them to 'give some of that money back to the public', also calling them out for not crediting his administration's efforts to help the oil industry.
- Whilst ExxonMobil's oil production was impacted by closures in the Middle East and Chevron continues to struggle with CPC closures in Kazakhstan, it was both companies' refining margins that have been stellar since the onset of the war in March.
#Trump #profits #chevron #money
22 days ago
As the stock market pulls back from recent highs, it may cycle gains into steadier, more defensive stocks, such as blue chip dividend stocks. From their earnings and dividend consistency to their strong track records of dividend growth, these stocks can be highly attractive during near-term volatility, yet they can also deliver strong long-term total returns.
Right now, these three dividend stocks stand out as names worth buying for yield, dividend growth, and long-term appreciation potential: Johnson & Johnson (NYSE: JNJ), Coca-Cola (NYSE: KO), and ExxonMobil (NYSE: XOM).
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 »
Johnson & Johnson is one of the Dividend Kings, or stocks with at least 50 consecutive years of dividend growth. For the past 65 years, the healthcare company has raised its quarterly cash payout. Over the past decade, these annual increases have averaged around 5.7%.
Currently, the stock has a forward dividend yield of around 2%. That may not sound particularly high, but over time, these payouts will become an increasingly larger contributor to total returns.
#NYSE #years
Right now, these three dividend stocks stand out as names worth buying for yield, dividend growth, and long-term appreciation potential: Johnson & Johnson (NYSE: JNJ), Coca-Cola (NYSE: KO), and ExxonMobil (NYSE: XOM).
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 »
Johnson & Johnson is one of the Dividend Kings, or stocks with at least 50 consecutive years of dividend growth. For the past 65 years, the healthcare company has raised its quarterly cash payout. Over the past decade, these annual increases have averaged around 5.7%.
Currently, the stock has a forward dividend yield of around 2%. That may not sound particularly high, but over time, these payouts will become an increasingly larger contributor to total returns.
#NYSE #years
23 days ago
The geopolitical conflict in the Middle East has the world on edge. The daily news flow from the region can lead to wide swings in oil and natural gas prices. But the truth is that the energy sector has long been volatile, and today's events aren't all that unusual. Which is why long-term investors should probably focus on reliable dividend-paying energy stocks.
ExxonMobil (NYSE: XOM) has one of the most impressive dividend histories in the energy industry. Close behind is Chevron (NYSE: CVX). For those looking to avoid direct commodity exposure, two of the most reliable high-yield stocks are Enbridge (NYSE: ENB) and Enterprise Products Partners (NYSE: EPD). With yields of up to 5.7%, this group of stocks could be your entry point into energy in August.
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 »
It actually gets easier to find energy stocks if you start with the premise that the energy sector is volatile. Income-focused investors can immediately look for the strongest companies with the best dividend histories. That very quickly leads to Exxon and Chevron.
From a business model perspective, they are both globally dominant integrated energy companies. They have exposure to the entire energy value chain, including the upstream (production), midstream (pipelines), and the downstream (chemicals and refining). Geographically, they can invest where management believes it can find the highest returns. And, the broad portfolio diversification helps to soften the energy market's normal swings.
#NYSE #stocks #signal #Dividend
ExxonMobil (NYSE: XOM) has one of the most impressive dividend histories in the energy industry. Close behind is Chevron (NYSE: CVX). For those looking to avoid direct commodity exposure, two of the most reliable high-yield stocks are Enbridge (NYSE: ENB) and Enterprise Products Partners (NYSE: EPD). With yields of up to 5.7%, this group of stocks could be your entry point into energy in August.
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 »
It actually gets easier to find energy stocks if you start with the premise that the energy sector is volatile. Income-focused investors can immediately look for the strongest companies with the best dividend histories. That very quickly leads to Exxon and Chevron.
From a business model perspective, they are both globally dominant integrated energy companies. They have exposure to the entire energy value chain, including the upstream (production), midstream (pipelines), and the downstream (chemicals and refining). Geographically, they can invest where management believes it can find the highest returns. And, the broad portfolio diversification helps to soften the energy market's normal swings.
#NYSE #stocks #signal #Dividend
24 days ago
In their latest quarterly earnings reports, oil majors ExxonMobil (XOM) and Chevron (CVX) both reported staggering profit growth.
During Q2 of 2026, profits at Exxon more than doubled, while Chevron's profits more than quadrupled.
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
But while oil companies are raking in profits, ExxonMobil CEO Darren Woods warns that US consumers – who have been feeling the pinch of gas prices hovering around $4 per gallon – shouldn't anticipate relief at the pump anytime soon.
"I wouldn't hold my breath here in the short term for that," said Woods in a post-earnings conversation with CNBC.
#moves
During Q2 of 2026, profits at Exxon more than doubled, while Chevron's profits more than quadrupled.
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
But while oil companies are raking in profits, ExxonMobil CEO Darren Woods warns that US consumers – who have been feeling the pinch of gas prices hovering around $4 per gallon – shouldn't anticipate relief at the pump anytime soon.
"I wouldn't hold my breath here in the short term for that," said Woods in a post-earnings conversation with CNBC.
#moves
26 days ago
ExxonMobil (NYSE:XOM) is one of the top energy names in President Donald Trump's financial disclosures from earlier this year. The stock is up about 27% so far this year. But does a presidential trade make it a buy today? Let's break down what's actually driving the stock.
Exxon benefits directly from rising oil prices amid the Iran war. Its upstream segment was projected to see a multibillion-dollar earnings lift for the second quarter compared to the first, driven almost entirely by higher realized prices rather than any change in production. That's the logic behind buying an oil major right as a Middle East conflict escalates.
Exxon's balance sheet gives it room to lean into higher prices. Net debt relative to EBITDA sits under 1x, among the lowest in the industry, and the company is on pace to repurchase roughly $20 billion of stock this year. Guyana production just hit a quarterly record above 900,000 barrels a day, and the company has applied to drill dozens more wells there.
In the Permian Basin, Exxon is now the largest operator following its Pioneer acquisition and expects to roughly double output there by 2030. Longer term, natural gas tied to data center power demand is another growth lever bulls point to, with McKinsey estimating data centers could eventually account for more than a tenth of total U.S. power demand.
There's a demand question sitting underneath the price spike. The IEA sees global oil demand softening this year, and even OPEC, which tends to run more optimistic, trimmed its own demand growth forecast. If the Iran-driven premium in oil prices fades if another ceasefire takes place, some of Exxon's near-term earnings boost fades with it.
#Iran #earnings
Exxon benefits directly from rising oil prices amid the Iran war. Its upstream segment was projected to see a multibillion-dollar earnings lift for the second quarter compared to the first, driven almost entirely by higher realized prices rather than any change in production. That's the logic behind buying an oil major right as a Middle East conflict escalates.
Exxon's balance sheet gives it room to lean into higher prices. Net debt relative to EBITDA sits under 1x, among the lowest in the industry, and the company is on pace to repurchase roughly $20 billion of stock this year. Guyana production just hit a quarterly record above 900,000 barrels a day, and the company has applied to drill dozens more wells there.
In the Permian Basin, Exxon is now the largest operator following its Pioneer acquisition and expects to roughly double output there by 2030. Longer term, natural gas tied to data center power demand is another growth lever bulls point to, with McKinsey estimating data centers could eventually account for more than a tenth of total U.S. power demand.
There's a demand question sitting underneath the price spike. The IEA sees global oil demand softening this year, and even OPEC, which tends to run more optimistic, trimmed its own demand growth forecast. If the Iran-driven premium in oil prices fades if another ceasefire takes place, some of Exxon's near-term earnings boost fades with it.
#Iran #earnings
1 month 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
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
1 month 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
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
1 month 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
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
1 month 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.
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.
1 month 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…
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…
1 month 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…
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…
1 month 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.
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.
2 months 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.
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.
2 months 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.
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.
2 months 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.
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.
2 months 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.
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.
2 months 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
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
2 months 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.
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.
9 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
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
