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Exxon Mobil began production at a new petrochemical facility in Mont Belvieu, Texas, just two months after Hurricane Harvey pummeled the area.
Exxon Mobil Corporation (NYSE:XOM) stock is stuck in no-man’s land. Since 2016, XOM stock has pretty much just bounced around in the 80s. It has been a sell when it has hit $90 and a buy when it breaks below $80.Source: Mike Mozart via Flickr (Modified)
The world’s biggest oil companies have defended their giant bets on natural gas at a major energy conference, saying demand will soon emerge for the huge supplies of fuel they are bringing to the market....
Of the 26 analysts covering ExxonMobil (XOM) stock, eight (31%) have assigned a “buy” or “strong buy” rating, while 12 (46%) have assigned “hold” ratings.
The implied volatility of XOM stock has fallen from 14.5% on July 3, 2017, to 12.7%. During the same period, ExxonMobil stock has risen 0.4%.
On July 3, 2017, ExxonMobil’s 50-day moving average was below its 200-day moving average. Prior to that, the stock had been volatile in anticipation of its 2Q17 earnings.
Oil prices jumped last week on rising geopolitical tensions and a government report that showed a surprise drop in crude inventories.
The overall rise in WTI (West Texas Intermediate) prices since July 3 has likely led ExxonMobil stock to deliver a positive return.
ExxonMobil’s (XOM) Upstream earnings rose to ~$1.2 billion in 2Q17 from $294 million 2Q16 due to a year-over-year surge in crude oil prices in 2Q17.
ExxonMobil (XOM) is expected to post its 3Q17 results on October 27, 2017. In 2Q17, XOM’s revenues surpassed Wall Street's estimates by 2%.
Year-to-date, the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) is down 10%, but of late it’s has a nice rally. This one tucks in nicely in mine as I have been long Exxon Mobil Corporation (NYSE:XOM) stock, but recently booked my profits. Specifically XOM and Chevron Corporation (NYSE:CVX), as they constitute almost 40% of the exchange-traded fund. Schlumberger Limited.
Discover the top three largest mutual fund owners of Exxon Mobil shares, and learn how their portfolios could help your investments.
WASHINGTON (AP) — Secretary of State Rex Tillerson insisted that persistent tensions with President Donald Trump were not hindering his mission as the nation's top diplomat, all while ducking, dancing and sidestepping the question of whether he truly called the president a "moron."
For those that can block out the noise, "there is a proverbial fortune to be made if they invest today."
President Donald Trump will nominate a climate change skeptic with ties to the fossil fuel industry to serve as a top environmental adviser. The White House on Thursday announced the selection of Kathleen ...
Oil prices jumped upwards on Friday as Trump announced his decision to decertify the Iran nuclear deal while Iraqi and Kurdish military units mobilized near Kirkuk
A weak dollar and strong international economic growth favor companies focused outside the U.S. in the upcoming Q3 reporting season.
At first glance, it seems like Exxon Mobil Corporation (NYSE:XOM) is past the brunt of oil’s 2014 meltdown. While earnings have been better than the payout per share of XOM stock over the course of the past couple of quarters, the difference between the two remains paper thin. With the impact of two major hurricanes now in the rear-view mirror and crude stockpiles in the United States starting to dwindle again — albeit erratically — investors were comforted by the EIA’s slight increase in next year’s oil price outlook.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting XOM. Over the last one-month, outflows of investor capital in ETFs holding XOM totaled $11.09 billion.
ConocoPhillips (NYSE:COP) has had an incredible rally of late and that’s the focus of my write up. This is an uber-bullish equity market where shorting stocks is hazardous to one’s portfolio. ConocoPhillips is a star that should retrace lower soon.