XOM - Exxon Mobil Corporation

Oil outlook as Saudia Arabia faces supply chain scrutiny

New questions are surfacing over whether or not Saudi Arabia can bounce back quickly from the oil field attacks. Mona Mahajan, Allianz Global Investors U.S. Strategist, joins Alexis Christoforous on 'The Ticker' to discuss.

Trump admin bars California from setting auto emissions rules

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Chevron Set to Ramp Up Production at Its St. Malo Field

With its St.Malo waterflood project, Chevron (CVX), a leading producer in the Gulf of Mexico, is making its first appearance in the deepwater Wilcox trend.

The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, ConocoPhillips, Valero Energy and Phillips 66

The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, ConocoPhillips, Valero Energy and Phillips 66

Zacks Value Trader Highlights: Exact Sciences, Edwards Lifesciences, Bristol Myers-Squibb, Occidental Petroleum and Exxon Mobil

Zacks Value Trader Highlights: Exact Sciences, Edwards Lifesciences, Bristol Myers-Squibb, Occidental Petroleum and Exxon Mobil

Talos Sells Stake in GoM Block to BP, Buys ExxonMobil Blocks

Talos Energy (TALO) expands GoM footprint with the acquisition of the Hershey prospect from ExxonMobil, while divests Puma West stake to BP for cost reduction.

Should iShares Russell Top 200 Value ETF (IWX) Be on Your Investing Radar?

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Pakistan gives green light to five LNG terminal plans

Pakistan has given the go-ahead to five consortiums, including Exxon Mobil, Royal Dutch Shell and Mitsubishi, to progress with their liquefied natural gas (LNG) terminal plans, a minister told Reuters on Friday. The move comes on the heels of the arrests of two Pakistan business executives involved in building the country's previous LNG terminals, cooling sentiment in the industry. Pakistan is seen as a big growth market for the global LNG industry as domestic gas production slips in tandem with a growing industrial economy hungry for gas.

Crude Prices Drop Amid Surprise Growth in U.S. Stockpiles

Crude traded below $60 a barrel as investors also weighed the prospect of an earlier-than-expected recovery in state-run Saudi Aramco's affected production.

ExxonMobil and Chevron: Upstream Portfolio Positioning

Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.

Stock Investors: Do You Need a Late Cycle Plan?

The financial media keeps talking about the economy being in the late cycle but that doesn't mean you can't be buying stocks.

3 Energy Stocks to Trade After the Saudi Arabia Strikes

Make no mistake about it, the energy oil trade is a manipulated market. Major entity Organization of the Petroleum Exporting Countries (OPEC) sets prices and production levels. This makes it difficult to trade energy stocks with confidence. But this is an aberration that I can use to my advantage to easily profit from them. Today we examine the opportunities in Energy Select Sector SPDR Fund (NYSEARCA:XLE), Chevron (NYSE:CVX) and Exxon Mobile (NYSE:XOM) stocks.It is amazing how often the experts are wrong on energy stocks trading. I have had consistent success simply trading their fundamentals and charts. What also helps is to acknowledge the fact that OPEC matters and they will keep crude oil prices inside the zone they need. When crude prices rise above $60, OPEC will bring it down so they don't lose market share. Conversely, they prop prices up when they fall too far below $52 per barrel.To successfully trade this notion I use mega-cap energy stocks like CVX and XOM. Or I use the ETF XLE instead since these two stocks make up almost half of the ETF. When it comes to trading, they are the Apple (NASDAQ:AAPL) of the energy sector and carry little risk of failure.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Stocks to Buy for a Recession If I cannot bet on them long-term with confidence then I should not be trading at all. These had upside potential in early July but they never triggered. For example, XOM failed to break through $78 per share which left it vulnerable to the sharp correction that ensued. Similar setups happened in CVX and XLE. Energy Stock to Trade Now: Energy Select Sector SPDR Fund (XLE)Trading XLE stock has been difficult. It trails the S&P 500 and the United States Oil Fund, LP (NYSEARCA:USO) by about 15%. Clearly it has not been easy to bet on these stocks in spite of a healthy economy. But there is opportunity looming just above current prices.First we have to make sure that the XLE stock has a good base from which the bulls can spring. The good news is that it recently confirmed support at $56 as it bounced off of it into a 14% September rally. The bad news is, it now faces $64 per share which has been resistance. But therein lies the opportunity because breakouts often have to fail at their first face-off with resistance. Nevertheless, onus is on the bulls to retest and break through resistance on subsequent tries.Once the XLE rises above $64 then it can spring into a $5 rally from there. There will be resistance at $66, but with the right circumstances and market-wide momentum, XLE stock can do it. It is important to note that $64 has been pivotal since 2006 so it will be sticky. This means that buyers and sellers love to fight over it and will likely continue to do so this time around. Chevron (CVX)Of these three, CVX stock is my favorite. Chevron stock bounced well off of its confirmed support at $114 per share from the August correction. Luckily the bulls have almost erased the entire dip. From here the buyers are in control of the price action, however, they do have to contend with resistance above.CVX stock has failed to break through the $126 per share resistance zone for over a year. This marked last October's accident scene, and the more recent failed attempts from March and July. In spite of that, if the bulls are persistent they can eventually break through the neckline and overshoot hired. The target from that would be a healthy extension of the current rally that could target $135 per share.Admittedly, I don't like to buy and hope that a rally unfolds. So in this case and since I have proven support, I would much rather sell downside risk into what others fear. This way I can create income without any out-of-pocket expense. * 7 Momentum Stocks to Buy On the Dip For example, I can sell the January CVX $110 put and collect $2 for it. As long as CVX stock stays above my level than I retain my maximum gains without needing a rally. In fact the stock has to fall 13% before I start losing money. Worst case scenario is that I own CVX shares at $110 and accrue losses below $108 per share. Exxon Mobil (XOM)Exxon Mobil stock is similar to Chevron but with slight variations. It is lagging CVX year-to-date by about six percentage points. Moreover, it doesn't have the same clear confirmation of a bottom. Yes, XOM stock did bounce off a prior support level at $66, but the price pattern was different because of a failed attempt at $70 per share.Normally I would prefer selling downside risk as opposed to buying upside hopium. But XOM has a clearer breakout opportunity than CVX. The neckline above seems easier to breach since it is so much farther from the October ledge. If XOM closes above $75 per share it would trigger a buying program worth a $5 rally. It is important to wait for the breakout confirmation before chasing it. Otherwise I'd be anticipating and hoping things go my way. This also means that I may miss out on a few bucks while I wait and that is O.K. in my book.The general markets can make or break these potentials. XOM and CVX are stocks of actual companies, so they will rally with the stock market indices regardless of oil status. The XLE would follow in sympathy because these two comprise almost half of it.There is also an element of surprise baked into the price of energy. The fact that Saudi Arabia suffered a drone attack builds up the anticipation fear of another one, meaning the price of oil has hidden support from this. Fewer traders dare short it because of the possibility of such headlines for some time to come. We just saw oil spike almost 20% on this event so it will have lingering effect on traders.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 3 Energy Stocks to Trade After the Saudi Arabia Strikes appeared first on InvestorPlace.

ExxonMobil's Australia Bass Strait Assets Up for Sale Again

ExxonMobil (XOM) is likely to gain $3 billion from the Gippsland Basin hydrocarbon development divestment.

Outlook for Oil & Gas Integrated International Industry Bleak

Outlook for Oil & Gas Integrated International Industry Bleak

India's Modi to meet BP, Exxon executives to discuss investment opportunities

Permian Oil Production Growth to Continue: 5 Stocks in Focus

Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.

6 Large-Cap Stocks With High Dividend Yields

Exxon Mobil tops the list Continue reading...

Stock Market News For Sep 18, 2019

Benchmarks closed in the positive territory on Tuesday as crude oil prices dropped as impact on Saudi Aramco???s attack faded.

Exxon Stock Offers a Safe and High-Yielding Dividend

Exxon Mobil (NYSE:XOM) stock hasn't exactly been a barn-burner this year, up only 7%. Much of its recent gains came from the recent spike in oil prices due to the Saudi oil field attacks.Source: Michael Gordon / Shutterstock.com This conflict is good for XOM stock. Most of its earnings come from its upstream operations -- selling oil and gas it discovers in the U.S. and abroad. For example, $3.26 billion of Exxon's $3.13 billion in total earnings this past quarter came from upstream earnings. Its downstream and chemical earnings just covered up corporate level losses.In effect, higher oil and gas prices will lead to higher Exxon Mobil cash flow. XOM stock will do well if the prices of oil and gas remain high over the next year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor example, the West Texas Intermediate spot price is still down almost 15% in the past year. This is after the 15% spike on Sept. 16 and subsequent 5% fall the next day. So, in effect, Exxon stock will do well if the tension stays high in the Middle East.But even if this scenario does not last, Exxon Mobil will continue to produce massive amounts of cash flow. In the first half of 2019, Exxon produced $14.4 billion of what it calls "Cash Flow from Operations and Asset Sales." * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars This is more than enough to cover the dividends XOM stock pays. Exxon's dividends cost only $7.2 billion in the first half. This is 50% of the Cash Flow from Operations and Asset Sales. What to Expect With XOM StockExxon stock's 4.7% dividend yield is well covered by cash flow. The dividend also acts as a huge buffer for XOM stock on the downside. The market cannot keep a stock like XOM down when investors know its large dividend will not be cut.Moreover, the investments Exxon has made in oil and gas ventures will continue to produce massive cash flow. That will allow Exxon to raise the dividend in the future. For example, it recently increased its quarterly dividend from 82 cents per share to 87 cents this year, a 6% increase. In the past five years, Exxon's dividend per share has grown at a rate of 5.6% annually.But what about the upside for XOM stock? Upside Oil VolatilityThe U.S. still needs to import oil from outside its borders despite the increase in internal production in the past few years. Most of its imports come from Canada and Saudi Arabia.CNBC reported recently that the Saudi strike took out just 5% of world production, although its production fell 50%. It pointed out a Goldman Sachs report that if the outage lasted more than six weeks the price would rise significantly. The same would happen if there is a military escalation as a result - oil prices would go much higher.As you might suspect, this would be mostly good for Exxon stock, as most of its earnings come from upstream operations. Higher oil prices would result in higher cash flow to Exxon.Exxon Mobil does not have any upstream oil and gas production in Saudi Arabia, according to its latest 10-K annual report. However, Exxon does have one downstream operation in Saudi Arabia. This represents just 200 of its global 4,724 KBD (thousands of barrels per day) in oil and gas production. Exxon also two chemical plants in Saudi Arabia. These are no more than about 35% of its total chemical production. Therefore if the conflict widens militarily, Exxon's would oil and gas production would not be crippled. Bottom Line on Exxon Mobil StockExxon stock will benefit over the long term if oil and gas prices rise or supplies get caught up in a conflict. The dividend looks to be not only safe but will likely increase 5% to 6% annually. Exxon Mobil's cash flow more than covers its dividend expenses.Investors should look at Exxon stock as a safe, high-dividend-yield play in the energy sector. It could benefit greatly from an elevated oil and gas price rise over the next year.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. The Guide focuses on high total yield value stocks and was launched on August 30. Subscribers during September receive a 20% discount, plus a two-week free trial. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Exxon Stock Offers a Safe and High-Yielding Dividend appeared first on InvestorPlace.