Spencer Platt/Getty Images News Exxon Mobil (NYSE:XOM) could post slightly weaker profits in Q4 compared to the previous quarter, as lower energy prices had a negative Q/Q impact on earnings of $3.3B-$4.1B, according to an 8-K filing Wednesday. Exxon (XOM) anticipates the impact from lower natural gas prices was in the $2B-$2.4B range, while lower … Read more
It could be time to sell Exxon Mobil (XOM), given a disconnect between the stock and the oil markets. The shares of the No. 1 U.S. energy company are up 86% this year to $113, while oil prices, as measured by West Texas Intermediate, have round-tripped to $77 a barrel after declining from a June … Read more
Breadcrumb Trail Links PMN Business The power the world’s technology giants wielded over the US stock market for years as it surged to record highs has been greatly diminished by the bust of 2022. Author of the article: Bloomberg News Jeran Wittenstein and Jan-Patrick Barnert Publishing date: Nov 13, 2022 • 36 minutes ago • 3 … Read more
Weighing Exxon vs. Chevron Stocks As Energy Markets Stay Bullish Source link
Exxon expected to lose $2B on sale of troubled CA oil properties to Sable Offshore Source link
For investors, there was very little in Exxon Mobil’s third quarter earnings report to dislike—the company beat analysts’ earnings expectations and raised its dividend. But investors aren’t the only ones watching. “I think the only folks who are probably not happy with your results this morning may well be the administration,” said Bank of America … Read more
Exxon Mobil Corp (NYSE: XOM) has posted a Q3 profit of $4.45 per share, a robust increase over $1.58 a year ago versus the consensus of $3.65. But the company’s revenue, at $112.07 billion, jumped 52% Y/Y, missing the $115.60 billion analysts were expecting. Q3 earnings and cash flow from operating activities increased to $19.7 … Read more
The good times may be ending for high-flying tech firms, judging by their recent weak earnings, but a global energy crisis has catapulted Big Oil into tech’s place. Shares in Amazon and Facebook parent Meta were deep in the red this week after reporting dismal quarters. After gaining huge momentum for several years, they and … Read more
Exxon Mobil AbbVie and Visa were among the U.S. companies that announced dividend increases last week. Exxon Mobil (ticker: XOM) declared a quarterly dividend of 91 cents a share, up 3.4% from 88 cents. Source link
straga/iStock via Getty Images Shares of energy companies moved higher on Friday and the week after a robust round of earnings from oil majors. A day after Shell (SHEL) reported a Q3 profit of $9.45B and raised its dividend by 15%, U.S. giants Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) posted a combined $31B in quarterly … Read more