XOM - Exxon Mobil Corporation
| Previous Close | 68.96 |
| Open | 68.96 |
| Bid | 69.94 x 800 |
| Ask | 69.95 x 2200 |
| Day's Range | 68.90 - 70.27 |
| 52 Week Range | 64.65 - 83.49 |
| Volume | 9811205 |
| Avg. Volume | 11,400,754 |
| Market Cap | 297B |
| Beta (3Y Monthly) | 1.00 |
| PE Ratio (TTM) | 20.44 |
| EPS (TTM) | 3.43 |
| Earnings Date | Jan 30, 2020 - Feb 3, 2020 |
| Forward Dividend & Yield | 3.48 (5.05%) |
| Ex-Dividend Date | 2019-11-08 |
| 1y Target Est | 78.36 |
Reuters VideosExxon not guilty in NY climate change lawsuit
Exxon Mobil did not mislead investors on the true cost of addressing climate change. That’s according to a New York judge, who ruled on Tuesday that state attorney general Letitia James failed to produce any evidence that suggested otherwise. James had argued that Exxon - one of the two largest U.S. oil companies - falsely stated that it had properly evaluated the impact of future climate regulations on its business, causing investors to lose $1.6 billion. In dismissing the case, Judge Barry Ostrager wrote: "Nothing in this opinion is intended to absolve Exxon Mobil from responsibility for contributing to climate change through the emission of greenhouse gases…" But he added that it was a securities case, not a climate change case. The lawsuit - filed in October 2018 - was the first of several climate change lawsuits against major oil companies to go to trial, which saw testimony from former Exxon CEO - and former Secretary of State - Rex Tillerson, who denied the allegations against the company.
- Yahoo Finance Video
One market watcher's warning to Saudi Aramco: 'The future is not oil'
The Schork Report editor Stephen Schork joins Yahoo Finance to discuss Saudi Aramco's mega-IPO.
- Kiplinger
20 Best Retirement Stocks to Buy in 2020
In retirement, investors must figure out how to generate enough income without a job while also ensuring that they don't outlive their income stream. The best retirement stocks to buy in 2020 (or any other year), then, assuredly must be dividend-paying ones.Receiving regular dividends reduces an investor's dependence on the market's fickle price swings to make ends meet. Whether or not the market rises or falls in 2020, a portfolio of quality businesses can continue delivering predictable, growing dividend income.Compared to many fixed-income investments, dividend stocks also can generate higher current income in today's low-interest-rate environment, growing their payouts each year to help preserve one's purchasing power. Dividend stocks, like other equities, provide meaningful long-term price appreciation potential as well.Research firm Simply Safe Dividends published an in-depth guide about living on dividends in retirement here. However, a key component to this strategy is finding the best retirement stocks that can deliver safe dividends and grow in value over time.On that note, these are the 20 best retirement stocks to buy in 2020. The 20 stocks on this list appear to have safe dividends, yield between 3.5% and 6.9%, and have solid potential to continue growing their payouts in the long term. SEE ALSO: Kiplinger's 20 Best Stocks for 2020
- Barrons.com
Saudi Aramco Surged to a $2 Trillion Valuation. Skepticism May Be Warranted.
Saudi Aramco stock rose 4.6% on Thursday, with its valuation climbing above $2 trillion—the first time any company has hit that mark.
- Barrons.com
Saudi Aramco Has a $2 Trillion Market Cap. But It Might Not Affect Your ETF Much.
BARRON'S TAKE Don’t expect Saudi Aramco to be a big position in your exchange-traded fund soon. (2222) (ticker: 2222.SA) hit $2 trillion in market capitalization Thursday on the heels of its initial public offering, making it more valuable than (MSFT) (ticker: MSFT), (AAPL) (AAPL), and (AMZN) (AMZN).
- Insider Monkey
A Better Dividend Stock Than Exxon Mobil, Altria, Universal and National Fuel
Dividend investors usually focus on companies that have a long track record of increasing their dividends year after year. The companies with at least 25 years of consecutive dividend increases are especially favored by income oriented investors. This is actually not a bad idea as long as these companies continue to increase dividends. However, when […]
- Zacks
Exxon, Hess to Commence Crude Oil Export From Offshore Guyana
Reportedly, ExxonMobil (XOM) plans for shipment of two cargoes, each with a capacity to carry 1 million barrels of oil from deepwater Liza field in January.
- Zacks
Crude Price Falls on Surprise Build in U.S. Inventories
EIA's Weekly Petroleum Status Report revealed that crude inventories rose by 822,000 barrels, compared to the 1.8 million barrels decrease that energy analysts had expected.
- Simply Wall St.
Should You Buy Exxon Mobil Corporation (NYSE:XOM) For Its Dividend?
Is Exxon Mobil Corporation (NYSE:XOM) a good dividend stock? How can we tell? Dividend paying companies with growing...
- Oilprice.com
Why Exxon’s Stock Could Hit $100 In 2020
Oil and gas giant ExxonMobil could soon go from bleeding cash to gushing profits as its long term production plans are finally starting to pay off
- Rigzone.com
Var Energi Closes Exxon Deal
Var Energi has confirmed that its acquisition of ExxonMobil's upstream business in Norway has completed.
- Reuters
UPDATE 2-Chevron's charge points to billions more in U.S. gas writedowns -analysts
Oil and gas producers could wipe billions of dollars off the value of U.S. natural gas assets in the months ahead, analysts said on Wednesday, after Chevron Corp became the fourth oil major to slash its estimates for sector values. A long, steady increase in U.S. gas production – much of it a byproduct of the shale oil boom – has pushed prices for the fuel toward a 25-year low. Nearly half of U.S. gas production is a by-product of oil drilling, and therefore does not change in response to weak prices, analysts said.
- Barrons.com
Exxon Mobil Got a Win in Its Climate Change Case. How Shareholders Act in the Future Remains a Question.
While the ruling was a victory for the oil giant, it raises questions about how environmental groups and institutional shareholders will handle environmental issues with the company going forward.
- Bloomberg
Chevron Ushers in Oil’s Era of the Sober-Major
(Bloomberg Opinion) -- Along with never invading Russia or getting into a Twitter argument, we can add another golden rule — this one specifically for U.S. oil majors: Never buy a shale-gas business.Chevron Corp.’s $10-11 billion impairment, announced late Tuesday, relates mostly to the Appalachian gas assets it picked up in 2011’s $4.9 billion acquisition of Atlas Energy Inc. Back then, the Permian basin was not a regular topic on the business channels, nor was it a central pillar of Chevron’s spending plans. But now it is, and simultaneously plowing billions into a Permian oil business that spits out gas essentially for free while running a dry-gas business in the Marcellus shale is like flooring it with the parking brake on.Chevron joins the ranks of Exxon Mobil Corp. — which paid $35 billion for XTO Energy Inc. less than a year before the Atlas deal and has been haunted by it ever since — and ConocoPhillips, which bought Rockies gas producer Burlington Resources Inc. way back in 2006 for $36 billion and then wrote most of that off in 2008.But there is far more to this than just mistimed forays into the graveyard of optimism that is the U.S. natural gas market — and not just for Chevron.Big Oil just had a forgettable earnings season. Chevron announced cost overruns on the giant Tengiz expansion project in Kazakhstan. Exxon continued borrowing to cover its dividend. Across the pond, BP Plc and Royal Dutch Shell Plc flubbed resetting expectations on dividends and buybacks. What ties all of these together are weak returns on capital. Chevron’s problems in Kazakhstan are echoed in its impairment of another asset, the Big Foot field in the Gulf of Mexico. This is another mega-project that went awry and, in an era when producers can no longer count on an oil upswing to save the economics, is found wanting. Chevron is also ditching the Kitimat LNG project in Canada that it bought into in 2013.All this is a particularly sore spot for Chevron given its problems with Australian liquefied natural gas mega-projects earlier this decade. CEO Mike Wirth’s decision to clear the decks seems intended in part to signal that, unlike the experience of his predecessor with Australian LNG development, he will drop big assets that don’t make the cut financially.Discovering, financing and developing mega-projects is why the supermajors were created at the end of the 1990s. Today, when investors are interested at all, they’re leery of capital outlays, aware the outlook for oil and gas markets is challenged in fundamental ways. So tying up money in big, risky, multi-year ventures is a good way to crush your stock price.Wirth isn’t abandoning conventional development; Big Foot aside, the Gulf Of Mexico has several new projects in the pipeline, for example. But to offset the drag on returns from the extra spending at Tengiz, he must streamline the rest of the portfolio. This is the story of the sector writ large. “Too much capital is chasing too few opportunities,” as Doug Terreson of Evercore ISI puts it. Conoco, which remade itself radically after the Burlington debacle, set the tone with its recent analyst day, emphasizing the need to get the industry’s long-standing spending habits under control and focus on returns to win back investors who are free to put their money into other sectors. Chevron’s write-offs and shareholder payouts (38% of cash from operations over the past 12 months) are of a piece with this. While the company has laid out guidance for production to grow by 3% to 4% a year, that is very much subject to the returns on offer. Capital intensity — as in, shrinking it — is what counts.Chevron’s move throws the spotlight especially on big rival Exxon. While Exxon has taken some impairment against its U.S. gas assets, that represented a small fraction of the XTO purchase. Exxon also sticks out right now for its giant capex budget (bigger than Chevron’s by more than half), leaving no room for buybacks or even to fully cover its dividend.In the first decade of the supermajors, when peak oil supply was a thing, big projects with big budgets to match were something to boast about. As the second decade draws to an end, only the leanest operators will survive. Chevron won’t be the last oil major to rip off the band-aid, just as we haven’t yet seen the full extent of the inevitable restructurings and consolidation among the smaller E&P companies. On this front, there’s another golden rule: Better to get it done sooner rather than later. To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
UPDATE 8-'Vindication' - Saudi Arabia hails 10% debut jump in Aramco shares
RIYADH/DUBAI, Dec 11 (Reuters) - Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion valuation of the state oil company.
- Barrons.com
Saudi Aramco Stock Popped 10% on First Day of Trading. Steer Clear.
The Saudi royal family celebrated, but it is hard for investors to assess the listing. Political incentives and the stock’s small float make it hard to argue this is a natural price.
- Financial Times
Moral Money: Al Gore blasts BlackRock, Brussels breakdown, rewild the UK
FT subscribers can click here to receive Moral Money every Wednesday by email. Welcome to Moral Money. This week we have a multitude of exclusive news: Harsh words for passive managers from a former US ...
- Barrons.com
A $1,600 Price Target for Gold, and Two More Numbers to Know
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: Goldman Sachs’ Target Price for an Ounce of Gold is $1,600 The precious metal currently trades for about 8% lower than that. The price of gold rose in the first nine months of the year—it was pushed higher by rising trade war tensions and worries about a global economic slowdown.
- MoneyShow
Exxon Mobil- An Out-of-Favorite Buy
Few stocks have been as frustrating as Exxon Mobil (XOM). Just when you think the stock is embarking on a sustained upward move, investors turn thumbs down on the energy group, driving these shares lower, notes Chuck Carlson, dividend reinvestment specialist and editor of DRIP Investor.
- TheStreet.com
FOMC Policy Statement, Big Oil, Trading Chevron and Exxon Mobil: Market Recon
The Fed is on pause as far as targeting short term rates goes, and that is how it should be at this time.
- GuruFocus.com
US Indexes Close Lower Tuesday With Heightened Uncertainty
S&P; 500 down 0.11% Continue reading...
- MarketWatch
Judge sides with Exxon Mobil in climate regulations case
A judge claimed there was no proof that Exxon Mobil duped investors about the toll climate regulations could take on its business.
- Benzinga
Exxon Mobil Gets Trial Win In Case Over Records On Cost Of Climate Change
Exxon Mobil Corporation (NYSE: XOM) got a win Tuesday in an important securities fraud lawsuit when a judge ruled the state of New York failed to prove the company tried to hide the cost of climate regulations from investors. New York State Supreme Court Justice Barry Ostrager found the plaintiffs failed to prove Exxon broke state security laws by misleading investors on the costs of meeting future climate-related regulations. The state alleged Exxon effectively kept two separate sets of records on those costs: one internal and one public.
- American City Business Journals
Exxon Mobil wins climate change fraud case against New York state
A New York State Supreme Court judge wrote that the attorney general’s office had "failed to prove" wrongdoing.
