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Exxon Mobil Corporation (XOM)

NYSE - Nasdaq Real Time Price. Currency in USD
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39.07+0.94 (+2.47%)
As of 10:03AM EST. Market open.
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  • R
    Richard Cabeza
    This is NOT about EV or alternative fuels. It's about production flooding the markets resulting in too much supply. Keep the 2 separate. Too many people using ESG/EV/Solar as a reasoning for this sector to crash... not going to happen in the next 10-15 years people. IF you think it is, explain it in detail.
  • C
    Calvin
    My broker just called and he said XOM just released the 'impairment' of balance sheet but Chief Executive Darren Woods said in a statement. Woods sounded optimistic about the fourth quarter, saying that "the business environment" was showing "signs of improvement" ...

    So my broker said I have to sell becuase of the 'impairemnt'. Is that true but Woods sounds optimistic. I don't understand my broker. Can someone who is a CPA here tells me what is going on?
  • T
    Tom
    "The company plans to double earnings by 2027, when viewed on the same price and margin assumptions used in the 2020 Investor Day materials."

    https://finance.yahoo.com/news/exxonmobil-prioritize-capital-investments-high-214500371.html
    ExxonMobil to Prioritize Capital Investments on High-Value Assets
    ExxonMobil to Prioritize Capital Investments on High-Value Assets
    finance.yahoo.com
  • g
    gene
    The write down is a non cash charge which will improve/increase EPS by reducing DD &A by an amount equal to the writedown over the next few years..Divide the amount of the writedown by the number of outstanding shares and Divide the result by 7 to get an approximate annual increase in reported EPS.
  • B
    Big News
    Covi-19 vaccine + Oil price + inflation + value investors .... I see higher prices in the near future...
    Bullish
  • d
    doug
    XOM finally decided to throw the towel in on its XTO nat gas assets. $20 billion asset write-down coming. It's about time but this should have been done years ago.....that investment has been a drag on XOM for years. So its all-in on Guyana and the Permian for now. Even XOM couldn't ignore reality forever.
  • R
    RBD
    Analyst installing fear on 95% of these companies over if they can support their debt or not and creating fear on exxon if can support div or not. The analysts are like the "fake news" and hilarious. All feeds off of negativity. I suppose they don't fly either.
  • B
    Big News
    The fact is that the next year will be Energy stocks Year. This is just starting...!
    Bullish
  • D
    Devon
    The upside for XOM is massive.

    Building new position until I can pay for monthly gas.
  • R
    Ringo
    News that XOM is about to take an historic write down on assets (Per Bloomberg News) isn't exactly what I wanted to read with my morning coffee. The announcement by our CEO also came with an indication that the dividend most likely won't be increased as it has for about forty years in a row. Not increased? Heck, right now, I'll settle for just keeping it where it is. Dunno about the rest of you, but I'm getting nervous. Today's write down announcement, coupled with last week's dour seven year forecast for crude prices and the fact the company has to borrow money to maintain the $15 billion in dividend payments, makes me think any thoughts of the pps heading back to $50 or higher are just utter fantasia. Finally, the last thing I want to hear from our CEO in late January when Q4 2020 results are announced is him saying, painful as it is, XOM has no choice but to cut our dividend. But at least we are green (So far, i.e.) in pre-market.
  • K
    Kawazunohito
    WTI big move in the last hour, can't find OPEC news, but... seems like the market is telling us something.
  • C
    Cornerlot
    Diving a EV is like wearing a man purse. EV is nothing more than a fad for now. They might work for the white collar guy that takes a Sunday drive and has more money than sense. The working blue collar ranchers, farmers, fishermen, construction workers and long haulers, etc have no use for a vehicle they have to charge. There are no chargers and never will be where I work my truck! Same with the airliners, cruise liners.
  • F
    Frank
    Was there a lot of large volume buying at the end of the day yesterday?
  • R
    Ringo
    Biggest obstacle we face in terms of seeing XOM's pps appreciate is the Georgia Senate run off in January. If the R's in Georgia are apathetic and don't turn out (You can be sure the D's will show up.), the D's will control the WH, Senate and House. he road is then paved for all their zany ideas, not the least of which is increasing taxes. Taxes going up is never viewed fondly by WS. Don't even want to think about regulatory mandates that might come to facilitate the whacky Squad's Green New Deal.
  • S
    Seyhmus
    There are some OPEC countries who wants to ease production cuts by around 2%, which will decrease the prices by 10%. If, on the other hand they keep the current cuts for another 6 months, the prices will soar by 5-10%.. This time, Russia and KSA are in agreement through. If they cut deeper by another 2%, that would have taken WTI over $50 - which unfortunately is not likely given US has been increasing production.
  • M
    Michael
    Why dropped so much, people are traveling again for the holidays. Over the weekend, I stopped by a gas station, and they are actually out of gas because too many people are driving for the thanksgiving, can’t see how this is a bad investment when the vaccine is right around the corner
  • C
    Cornerlot
    Yahoo articles and analysts with an agenda pushing negativity on XOM. don't listen to the fear mongers. XOM is a great long term hold. long term is relative until renewables take over. 30years?
  • D
    Dan
    Say hi to 39's.............. XOM is doing the right thing at the right time with the taken measures....................... Soon going 40ies again........................ Post-Corona we'll see a massive increase in air travel, road travel, manufacturing, heating (a cold winter is coming) and and and............ Buy early and be rewarded.................................
    Bullish
  • D
    Dan
    Oil prices will get a decent boost after covid-crisis is over (air travel, road travel, production manufacturing picking up).............. I see XOM at much higher prices next year..................
    Bullish
  • D
    Dan
    Exxon Mobil (XOM) is $39 (+2,28%) in pre-market............. Time to regain some territory......................... Shorties are scrambling to cover............................. Don't sell them your shares.................... Let's bid them up...................
    Bullish