|Day's Range||82.01 - 82.54|
|52 Week Range||80.30 - 95.55|
|PE Ratio (TTM)||34.33|
|Dividend & Yield||3.08 (3.74%)|
|1y Target Est||N/A|
Oil prices may rise or fall in the short-term, but they will return to a range of $55 to $65 in the long term because that's the price of oil from fracking shale wells, the Goldman Sachs head of research said in Chicago Wednesday.
S&P Global Ratings issued a negative outlook on Exxon Mobil (XOM) Wednesday after judging that the giant oil company is unlikely to be able to reduce its debt at the pace forecast. S&P affirmed Exxon's double-A-plus credit rating, the second highest from the top. A negative outlook suggests the company could be downgraded in the next year or so.
OPEC's upcoming meeting got a sudden surge of drama Wednesday when Russia reportedly said the oil group will consider extending a production-cut pact by 12 months.