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Exxon Mobil Corporation (XOM)

NYSE - NYSE Delayed Price. Currency in USD
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61.28+1.49 (+2.49%)
At close: 04:02PM EST
61.28 0.00 (0.00%)
After hours: 07:59PM EST
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  • H
    Hookem
    Hope you read this one Minnie.

    Exxon Mobil (XOM) expects to double its earnings over the next six years from 2019 levels even as it shifts more spending to low-carbon businesses, the company said in a long-term plan that it released on Wednesday.

    Three new board members joined the company after a proxy battle earlier this year, and their fingerprints appear to be on the new plan -- particularly in the company's low-carbon initiatives.
  • E
    Energy Investor
    Another day of ups and downs. Just remember The world has around 7.9 billion people. The world has approximately 1.4 billion people that do not have access to cooking fuel. Almost 1 billion people do not have access to electricity. What we are seeing today is about these people not us. Today the world has app. 47 years of oil reserves. Those that would like you to believe we don't need fossil fuels are terribly wrong. XOM will have a market for their fuel for the next 30 to 50 years. This is a solid long term play. As soon as everyone figures out that Omicron is just another mild variant the so called experts who want a never ending pandemic will start to runout of stories. XOM will be at $70 to $75 in the next two months.
  • S
    Steve Pac
    Opec+ betting demand will be high even with their increased pumping and spr releases, now they have political capital for when the world comes begging for another increase. They will say we did OUR part even while you attempted to manipulate the market.
  • H
    Hookem
    Exxon Mobil Corp. (XOM) said Wednesday it will maintain a conservative budget for the next five years as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist and some countries attempt to wean themselves off fossil fuels.
  • G
    Gerhard
    So what sort of P/E should a stock get that will double it earnings by 2027 and buy back $100B of its shares? The answer of course is 1.5 times its earnings growth PLUS the % of shares they would buy back over that time period. So with XOM's current $250B market cap in theory doubling to $500B with the doubling in earnings that $100B would buy back roughly 30% of the stock, so 4% a year. Add that to the 6 year growth rate needed to double earnings and you get 1.5 x (12+4) or a 24 P/E based on this years earnings. Once we flush Q1/2020 out of the system we should be near $6 in earnings.
  • K
    Kawazunohito
    OPEC+ holds production increases, oil down ~$2... interesting.
  • E
    Energy Investor
    Dow Futures are down due to unreasonable fears about Omicron. This will be short lived. The real news is the cut in production by Opec of 450BPD and Phillips shutting down the Alliance Refinery. These types of moves although predictable after the storms, show that major O&G companies are restructuring for the future. XOM has a long list of assets that will be on the market. In most cases smaller companies can run these assets cheaper than XOM due to extensive regulation and precautions. XOM will continue to print money as finally the O&G industry sees the writing on the wall of government manipulation. Oil will be over $75 by the end of the year. XOM will have a great quarter and the statistics reports will once again show great earnings with a positive dividend coverage. Fundamentals are hard to overcome. I get that one day we may going to work with George Jetson, but trust me that's 20 years away at the earliest
  • E
    Energy Investor
    I continue to stress fundamentals on XOM. XOM is a $75 dollar stock all day. The significant down sessions are typically based on fear mongering and and unsubstantiated facts. All of us in the oil business understand the basic supply and demand model. Even OPEC gets it. Brandon may be able to threaten lack of military support if pricing is not to his liking, but at the end of the day it's better to sell one barrel at $80 than two at $40 especially when the climate change party continues to promote the lie.
  • A
    Anonymous
    Question about wash sale rule. I just sold BP (for a loss) and dont want to wait the 31 days to buy again. Can I buy XOM within the 31 day period and still report the BP loss? I just want to make sure IRS regards XOM different enough than BP. TIA.
  • M
    Mark Vaghei
    ExxonMobil Corp. (XOM) DCF-derived PO of $95/sh reflects the commodity prices that is $64 WTI in 2021 and $71 in 2022. We assume long term $3.00 HH/ $56.50 WTI and $60 Brent. We apply a WACC of 6.6% which follows from a capital asset pricing model using the weighted 20 US Oil and Gas | 29 November 2021 W average cost of historical debt and our BofA strategy team's assumed equity risk premium (7.25%) which includes a 2% inflation adjustment along with a 2 year weekly beta. Until there is better clarity on rebalancing of global oil markets, we believe it is premature to expect XOM to resume spending on growth with incremental free cash flow prioritizing dividend coverage and maintenance of its balance sheet. The risks to our price objective are: (1) the oil and gas price and margin environment, (2) significant delays to the new upstream projects critical to its growth targets, (3) the inability to capture the price environment due to cost pressures (opex capex and taxation), and (4) and the impact of XTO on XOM's production mix and profitability.
    Bullish
  • G
    Gerhard
    Nice fade today, sigh. The EIA spam is public, so here is my take:

    Pre-Covid 14.5m bpd consumption now 1.673+4.209+8.796 = 14.678m bpd, demand is back stronger than before.
    Refining 15.631, well below the 17m pre-Covid, this is likely due permanent shuttering of some refining capacity.
    Production up to 11.6m still well below the 13m pre-Covid level.
    Inventories up 4.4m but this is the time of year when that is supposed to happen. So this is not necessarily bearish. Crude is well below the 5 year range so the added SPR release isn't that big of an issue. The other products are all down at the bottom of their 5 year ranges for this time of year and can easily break below, especially gasoline.

    So overall it is a bullish report even though there were some inventory builds. Those builds likely only occurred because of imports.
  • M
    Medusa
    China produced an average of 4.93 million b/d of oil in 2020, which accounts for 5% of the world’s production. That being said, China is a net importer of oil, as the country consumed an average of 13.89 million b/d in 2018, which made it the second-largest oil consumer in the world (14% of the total world share) after the United States. So How can US ask Oil from China when they clearly don’t produce enough for their on demand.
  • R
    RC
    The fact that OPEC+ did not cut their planned production increase tells me they don't believe this drop will last. Look for 80+ in the 1st quarter of 2022. Triple digits by summer time.
  • P
    Patriot Joe
    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
    decreased by 0.9 million barrels from the previous week. At 433.1 million barrels, U.S. crude oil
    inventories are about 6% below the five year average for this time of year. Total motor gasoline
    inventories increased by 4.0 million barrels last week and are about 5% below the five year
    average for this time of year. Finished gasoline and blending components inventories both
    increased last week. Distillate fuel inventories increased by 2.2 million barrels last week and are
    about 9% below the five year average for this time of year. Propane/propylene inventories
    decreased by 1.0 million barrels last week and are about 14% below the five year average for this
    time of year. Total commercial petroleum inventories increased by 4.3 million barrels last week.
  • P
    PaceBene
    Gasoline here in Montana hasn’t budged. I need my at the pump xom return! It’s partly why I only buy their gas and oil! Long & Strong…
  • S
    Sandor Clegane
    These oil selloffs only extend the bull market in oil and oil stocks. What they do is cause CEO's of oil companies to be even more hesitant about investing in E&P, which means even more severe oil shortages down the road.
  • A
    Anonymous
    Good day. Oil will hit $150 in 2022.
  • H
    Hookem
    Exxon to continue annual capex at $20 billion to $25 billion through 2027
    Better buy a couple of shares...Minnie
  • G
    Gerhard
    Ok we might have gotten out bottom this morning. OPEC keeping the January increase is actually bullish because it means they see no indication that demand is waning.
  • G
    GW
    Analysts see a 1.8mm bpd glut of oil for 2022, another reason to pause production increases
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