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Exxon Mobil Corporation (XOM)

117.12

-4.21

(-3.47%)

As of 11:50 AM EDT. Market Open.

Exxon's Guyana 'mega project' to fuel 'big growth': Strategist

Shares of Exxon Mobil (XOM) and Chevron (CVX) are trading lower on Friday as both companies revealed a dip in first quarter revenue compared to the same period last year. However, both companies beat Wall Street revenue expectations for the quarter. While some of the forecasts for these companies are mixed, upcoming projects have the potential to turn things around. Truist Managing Director of Energy Research Neal Dingmann joins The Morning Brief to give insight into the energy sector and what investors can expect from Exxon and Chevron moving forward. Dingmann explains that growth will be accelerated by two upcoming projects in particular: "They're going to have big growth...in Guyana and the Permian [Basin]. That's going to keep the remainder of their overall portfolio flat. Guyana is the one worth pointing out. If you look at the projects coming on through 2027 on a gross basis, which Exxon has 45% of this, that could do almost 1.2 billion barrels a day. You think that: the US alone is doing about 13 billion barrels. This is encroaching on over 10% of what the US alone could do with this project by 2027. That's why it's obviously a big deal on this litigation between Chevron and Exxon on the Hess deal. I cannot say enough about this Ghana project...It's a mega project to say the least. " For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

Yahoo Finance Video 41 minutes ago

CVX
-0.81%
XOM
-3.47%
PCE reading, Microsoft, Alphabet jump on earnings: Yahoo Finance

Investors are digesting the Fed's preferred inflation measure after the release of the Personal Consumption Expenditures (PCE) index.Big Tech is coming to the rescue on Wall Street. Microsoft (MSFT) and Alphabet (GOOGL, GOOG) are jumping following their latest earning reports. Both companies topped expectations and were helped by their AI businesses. The news comes after a rough day for stocks, with a weaker-than-expected GDP report and earnings from companies such as Meta (META), sending markets deep in the red. Today, we will hear from big names, including ExxonMobil (XOM), Chevron (CVX), Colgate-Palmolive (CL), and AbbVie (ABBV). Yahoo Finance trending tickers include Intel (INTC), Snap (SNAP), and Roku (ROKU). Key guests include:9 a.m. ET - Brian Rose -UBS Global Wealth Management Senior US Economist10:40 a.m. ET - Chris Peterson, Newell Brands CEO11:20 a.m. ET - Patrick Gelsinger, Intel CEO

Yahoo Finance Video 4 hours ago

GOOG

XOM
-3.47%
INTC
Chevron, Exxon stocks fall as lower refining margins, falling natural gas prices hit profits

Chevron and ExxonMobil said EPS dropped from a year earlier as they grappled with lower natural gas prices and refining margins.

Yahoo Finance 6 hours ago

CVX
-0.81%
PXD

XOM
-3.47%
Exxon Plunges After Surprise Refining Outlays Hurt Returns

(Bloomberg) -- Exxon Mobil Corp. plunged the most in six months after higher-than-expected maintenance costs diminished oil-refining results. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesExxon dropped as much

Bloomberg 31 minutes ago

XOM
-3.47%
CVX
-0.81%
HES
Exxon and Chevron Stocks Fall After Earnings. The Bar Was High.

With shares of Exxon Mobil and Chevron near their 52-week highs, the companies faced a high bar for their first-quarter earnings reports, both of which were released early on Friday. Chevron, which beat analysts’ earnings estimates by a penny, was down 0.8%. Exxon, which missed estimates, was down 3.6%.

Barrons.com 43 minutes ago

CVX
-0.81%
XOM
-3.47%
Oil Heads for a Weekly Advance on Signs of a Tightening Market

(Bloomberg) -- Oil headed for a weekly gain amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesWest Texas Inte

Bloomberg 1 hour ago

XOM
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Exxon, Chevron Earnings In Q1 Fall As Supermajors Spar Over South America's Oil Jewel.

Exxon Mobil and Chevron reported first-quarter earnings and revenue declines early Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. Both XOM stock and Chevron stock initially edged lower.

Investor's Business Daily 1 hour ago

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CVX
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These Stocks Are Moving the Most Today: Alphabet, Microsoft, Intel, Snap, Exxon, Roku, Skechers, ResMed, and More

Alphabet shares surge after Google’s parent posts better-than-expected earnings and announces its first cash dividend, Microsoft posts 31% quarterly growth in Azure cloud-computing revenue, and Exxon Mobil’s earnings miss estimates.

Barrons.com 1 hour ago

GOOG

MSFT

INTC
Nasdaq, S&P 500 Open Higher as PCE Inflation Hits 2.7%

Stocks opened higher, putting indexes on track for weekly gains despite another round of firm inflation data.

The Wall Street Journal 2 hours ago

XOM
-3.47%
Stocks to Watch Friday: Exxon Mobil, Alphabet, Microsoft, Snap

↗️ **Alphabet (GOOG),** **(GOOGL)**: Google’s parent said quarterly profit jumped by more than half and announced its first cash dividend. Shares soared around 10% in early trading. ↗️ **Microsoft (MSFT)**: The software company reported quarterly results that beat Wall Street estimates for sales and revenue.

The Wall Street Journal 2 hours ago

MSFT

GOOG

XOM
-3.47%
Exxon Mobil First-Quarter Earnings Miss Views Amid Lower Oil Refining Margins, Gas Prices

Exxon Mobil First-Quarter Earnings Miss Views Amid Lower Oil Refining Margins, Gas Prices

PREMIUM
MT Newswires 3 hours ago

XOM
-3.47%
Dow Jones Futures Rise As Microsoft, Google Jump; New Market Rally Still Must Do This

Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Thursday amid Meta's sell-off.

Investor's Business Daily 3 hours ago

GOOG

^DJI

MSFT
Exxon Mobil Corp (XOM) Reports Mixed Q1 2024 Results: Earnings Miss, Revenue Aligns with ...

Insight into Exxon Mobil's First Quarter Financials and Strategic Developments

GuruFocus.com 3 hours ago

XOM
-3.47%
Exxon and Chevron Earnings Fall Back to Earth

The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down.

The Wall Street Journal 4 hours ago

XOM
-3.47%
CVX
-0.81%
^GSPC
ExxonMobil (XOM) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

ExxonMobil's (XOM) Q1 earnings suffer due to decreased total production and lower natural gas price realizations.

Zacks 4 hours ago

XOM
-3.47%
PBF

EOG
UPDATE 2-Exxon misses on Q1 profit despite big gains in Guyana

Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron and TotalEnergies reflect a sharp downturn in natural gas prices after a warmer than usual Northern Hemisphere winter cut demand and pushed up inventories. Exxon, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources , posted lower first-quarter earnings of $8.22 billion, down from an $11.43 billion net profit a year ago.

Reuters 4 hours ago

XOM
-3.47%
PXD

CVX
-0.81%
Exxon Mobil profit declines in 1st quarter as natural gas prices fall

Exxon Mobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped. The energy company earned $8.22 billion, or $2.06 per share, for the three months ended March 31. The results didn't meet Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as assets sales.

Associated Press Finance 4 hours ago

XOM
-3.47%
Exxon misses on Q1 profit despite big gains in Guyana

HOUSTON (Reuters) -Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron and TotalEnergies reflect a sharp downturn in natural gas prices after a warmer than usual Northern Hemisphere winter cut demand and pushed up inventories. Exxon, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted lower first-quarter earnings of $8.22 billion, down from an $11.43 billion net profit a year ago.

Reuters 5 hours ago

XOM
-3.47%
PXD
ExxonMobil Announces First-Quarter 2024 Results

SPRING, Texas, April 26, 2024--Exxon Mobil Corporation (NYSE:XOM):

Business Wire 5 hours ago

XOM
-3.47%
Exxon profit drops 28%, falls short of estimates

Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains.

Reuters 5 hours ago

XOM
-3.47%
PXD

Performance Overview

Return	XOM	S&P 500
YTD	+18.23%	+7.01%
1-Year	+4.11%	+25.36%
3-Year	+138.71%	+22.11%

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Exxon Mobil Corporation (XOM)

Exxon's Guyana 'mega project' to fuel 'big growth': Strategist

PCE reading, Microsoft, Alphabet jump on earnings: Yahoo Finance

Chevron, Exxon stocks fall as lower refining margins, falling natural gas prices hit profits

Exxon Plunges After Surprise Refining Outlays Hurt Returns

Exxon and Chevron Stocks Fall After Earnings. The Bar Was High.

Oil Heads for a Weekly Advance on Signs of a Tightening Market

Exxon, Chevron Earnings In Q1 Fall As Supermajors Spar Over South America's Oil Jewel.

These Stocks Are Moving the Most Today: Alphabet, Microsoft, Intel, Snap, Exxon, Roku, Skechers, ResMed, and More

Nasdaq, S&P 500 Open Higher as PCE Inflation Hits 2.7%

Stocks to Watch Friday: Exxon Mobil, Alphabet, Microsoft, Snap

Exxon Mobil First-Quarter Earnings Miss Views Amid Lower Oil Refining Margins, Gas Prices

Dow Jones Futures Rise As Microsoft, Google Jump; New Market Rally Still Must Do This

Exxon Mobil Corp (XOM) Reports Mixed Q1 2024 Results: Earnings Miss, Revenue Aligns with ...

Exxon and Chevron Earnings Fall Back to Earth

ExxonMobil (XOM) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

UPDATE 2-Exxon misses on Q1 profit despite big gains in Guyana

Exxon Mobil profit declines in 1st quarter as natural gas prices fall

Exxon misses on Q1 profit despite big gains in Guyana

ExxonMobil Announces First-Quarter 2024 Results

Exxon profit drops 28%, falls short of estimates

Performance Overview