XOM - Exxon Mobil Corporation

NYSE - NYSE Delayed Price. Currency in USD
73.73
+1.09 (+1.50%)
At close: 4:03PM EDT

74.04 +0.31 (0.42%)
Pre-Market: 4:33AM EDT

Stock chart is not supported by your current browser
Previous Close72.64
Open75.04
Bid73.75 x 900
Ask74.43 x 1800
Day's Range73.60 - 75.18
52 Week Range64.65 - 87.36
Volume19,340,246
Avg. Volume10,879,917
Market Cap311.96B
Beta (3Y Monthly)1.21
PE Ratio (TTM)17.77
EPS (TTM)4.15
Earnings DateOct 31, 2019 - Nov 4, 2019
Forward Dividend & Yield3.48 (4.79%)
Ex-Dividend Date2019-08-12
1y Target Est80.59
Trade prices are not sourced from all markets
  • Attack on Saudi Arabia's oil infrastructure 'may have been an overstep': expert on Iran
    Yahoo Finance

    Attack on Saudi Arabia's oil infrastructure 'may have been an overstep': expert on Iran

    Iran denies any role in the attack on Saudi Arabia's oil infrastructure but analysts say evidence points to Iran and they are calling for a response that may include military action against Iran.

  • Iran thinks it has Trump on the ropes: Strategist
    Yahoo Finance Video

    Iran thinks it has Trump on the ropes: Strategist

    Crude oil spikes after Saudi drone bombings over the weekend and questions pervade about how the U.S. should respond. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi, Scott Gamm and Bob McNally Rapidan Energy Group Founder and President discuss.

  • Exxon Mobil (XOM) Gains As Market Dips: What You Should Know
    Zacks

    Exxon Mobil (XOM) Gains As Market Dips: What You Should Know

    Exxon Mobil (XOM) closed the most recent trading day at $73.73, moving +1.5% from the previous trading session.

  • Stock Market Today: Crude Oil Rockets; Now What?
    InvestorPlace

    Stock Market Today: Crude Oil Rockets; Now What?

    Oil prices are exploding higher on the day, with crude oil up 13% from its close on Friday. That obviously made big headlines in the stock market today, but it's not propelling energy stocks higher in the manner that many had expected.By now, many of you have likely read about the background story. For those that haven't, this is the short-but-sweet scoop. A drone strike rattled Saudi Arabia over the weekend, forcing the country to cut its oil production in half.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe move is equivalent to about 5 million barrels per day, or roughly 5% of the world's daily production.Here's where things get tricky though. Reports say that the production cut is mostly a precautionary measure and that most of that output should be back online within 48 hours.At first, many believed the attack was carried about Yemen's Houthi rebels. Now it is alleged that Iran is behind the attack, which would significantly ratchet up tensions in the Middle East and potentially implicate a response from other nations outside of it (including the United States). Oil's Big ImplicationsNow you know the backstory on why oil prices are surging. But the implications are incredibly far reaching. * 7 Tech Stocks You Should Avoid Now First, where can oil prices go? Let's keep one thing in mind: Oil prices are back to where they were in June. We're still notably away from the April highs and down significantly year-over-year. So while some may suggest that there's enough supply in the market to keep a lid on oil prices, the charts suggest there could easily be more upside.Impacting supply is a few different factors. The first, can Saudi Arabia actually get a majority of production back online in as little as two days, or is it a save-face move ahead of the eventual Saudi Aramco IPO? Second, will the U.S. and other oil-rich nations make up the difference? While 5 million barrels per day is admittedly a lot of oil, between the rest of the Organization of Petroleum Exporting Countries and the U.S., it seems like most of this deficit could be covered.Will President Donald Trump help eradicate a shortage in supply? He seems eager to, tweeting about tapping into the country's strategic oil reserves and fast-tracking pipeline permits. Lastly, will conflicts be ongoing and will tensions remain high in the Middle East? If the answer is yes, then not only are future supply disruptions possible, but energy investors will price in a risk premium to the oil market.Should we see a big spike in oil prices that sustains for months on end, that may have negative implications going into the fourth quarter and holiday seasons. The last thing consumers need -- both here in the U.S. and globally -- is a substantial rise in gas prices that persists into 2020.Finally, a bulk of Saudi Arabia's production goes to Asia. What implications could that have on China's economy, which is already feeling pressure from the trade war? Energy Stocks Make Big MovesSo far, the spike in oil has had a hit-and-miss impact on the energy sector. The Energy Select Sector SPDR Fund (NYSEARCA:XLE) climbed "just" 3.4% on the day. However, the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) jumped 8.6% in the stock market today.Exxon Mobil (NYSE:XOM), which makes up 23% of the XLE, climbed a lackluster 1.5% on the day. Chevron (NYSE:CVX) makes up 22% of the ETF and jumped just over 2%. It's becoming clear why the XLE showed such little life on the day now.Others were more pronounced, though. Schlumberger (NYSE:SLB) jumped 5.3%, while Halliburton (NYSE:HAL) climbed almost 11% on the day. These are the top two holdings in the OIH, by the way.Occidental Petroleum (NYSE:OXY), BP (NYSE:BP) and Pioneer Natural Resources (NYSE:PXD) climbed 6%, 3.9% and 6.5%, respectively.Let's see if we can get more follow through in energy stocks this week, and what oil prices do over the next few days and weeks. Movers in the Stock Market TodayIt wasn't just energy stocks posting big moves on the day. General Motors (NYSE:GM) fell more than 4% after the United Automobile Workers, comprising 50,000 members, went on a nation-wide strike. It impacts 33 production plants and 22 warehouse facilities. JPMorgan analyst Adam Jonas said it will cost GM 3 cents in earnings per share per day, but that proper inventory management and pricing changes can help offset those losses. He likes GM as a buy-the-dip candidate.Despite winning the streaming rights for the renowned hit "Seinfeld," Netflix (NASDAQ:NFLX) shares were flat on the day. While some may question who wants to watch such an old show, just remember that "Friends" is one of Netflix's top shows. It will lose "Friends" in 2020, along with its other top performer, "The Office"). Unfortunately though, the five-year "Seinfeld" deal won't start until 2021.Shares of MGM Resorts International (NYSE:MGM) were up 2.1% after reports surfaced that Blackstone (NYSE:BX) is in talks to buy the Bellagio and MGM Grand. However, those discussion appear to be ongoing, as no deal has been reached yet (or may be reached at all, for that matter).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Stock Market Today: Crude Oil Rockets; Now What? appeared first on InvestorPlace.

  • Dow Jones Today: Geopolitical Risk Returns
    InvestorPlace

    Dow Jones Today: Geopolitical Risk Returns

    Geopolitical risk returned in significant fashion Monday, but fortunately, it didn't involve President Donald Trump and his Twitter (NYSE:TWTR) account. As widely reported over the weekend, drone strikes against Saudi Aramco production facilities knocked about 5% of global daily output offline.Source: ymgerman / Shutterstock.com A Yemeni militant group claimed credit for the attack, but the White House is pointing the finger at Iran, and Saudi Arabia believes it has conclusive proof that the weapons used in the attack were Iranian-made.The kingdom is now racing to restore lost production at the impaired facilities, and while some output can be restored quickly, it will likely be weeks before all that lost production is back online.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks You Should Avoid Now "While President Donald Trump hasn't directly blamed Iran for the attacks, Secretary of State Michael Pompeo has," reports Bloomberg. Two U.S. officials said the location of the damage and weapons used suggest the attack was not launched by the Houthis, who have been fighting the Saudi-led coalition in Yemen for four bruising years.Amid tensions in the Middle East, the Nasdaq Composite fell 0.28% while the S&P 500 dropped 0.31%. The Dow Jones Industrial Average slipped 0.52%, snapping its winning streak at eight days. In late trading, just seven of the Dow's 30 components were higher.Not surprisingly, Dow's big winners on the day were its two energy components - Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). The two largest U.S. oil companies each gained more than 2% to start the week.This scenario is really easy to explain: lost Saudi supply will boost demand for U.S. oil exports. The U.S. already exports 3 million barrels of crude per day, a figure that could swell to 4 million barrels due to attacks in Saudi Arabia. Apple Stock, AgainYes, Apple (NASDAQ:AAPL) sure does get a lot of run in this space, but usually with good reason. Today, the stock was one of the steadier non-energy names in the Dow, gaining 0.53% on some potentially good news regarding the recently unveiled iPhone 11. Remember that at last Tuesday's new product launch, Apple unveiled three new iPhones - the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro Max."We think there is inherent upside to Sept-qtr EPS given AAPL isn't staggering their launches but announcing all the three products simultaneously," said Evercore ISI analyst Amit Daryanan in a recent note. "This we think will have a positive impact to revenues and EPS in the sept-qtr, though depending on the reception of these products it may be more of a pulling in of revenues from Dec-qtr." Bearish Dow CommentaryShares of Dow component JPMorgan Chase (NYSE:JPM), the largest domestic bank by assets, slid almost 1% after an analyst said investors shouldn't expect JPM to keep up its lengthy out-performance of the broader financial services group. Long one of the best-performing large-cap names in the S&P 500's third-largest sector weight, JPM is up 23% this year.In a note out today, James Mitchell of Buckingham Research lowered his rating on JPM to "neutral" from "buy," noting the stock is pricey relative to rivals."After materially outpacing the peer group in recent years, [JPMorgan Chase] shares now trade at nearly a 30% premium on a [price-to-earnings] basis," said the analyst. "Much of the fundamental outperformance is being priced in." Dow Jones Bottom LineTensions in the Middle East and subsequent rises in oil prices do make for compelling headlines, but these types of events are usually short-lived. Moreover, the energy sector's weight, one largely controlled by the aforementioned Exxon and Chevron, has been declining in broader domestic equity benchmarks, so it's unlikely there's enough heft in the energy patch to lead the market higher.Indeed, there are other issues for investors to consider over the near-term. For example, China released three economic data points overnight, all of which came in lower than expected. Those were industrial production, retail sales, and fixed asset data.Additionally, the Federal Reserve meets later this week and with talk that some politically vital states are seeing economic softness, the Fed could be compelled to oblige the White House with another rate cut.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Dow Jones Today: Geopolitical Risk Returns appeared first on InvestorPlace.

  • 5 Top Stock Trades for Tuesday: SLB, XOM, KL
    InvestorPlace

    5 Top Stock Trades for Tuesday: SLB, XOM, KL

    Equity markets were relatively quiet on Monday, which is perhaps surprising given that crude oil prices rocketed higher. The commodity jumped more than 13% after a drone strike in Saudi Arabia over the weekend. Here are some top stock trades to watch this week. Top Stock Trades for Tomorrow No. 1: Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB) are up over 5% on the day and could rally even further should demand for crude oil remain strong. On the charts, though, SLB stock is running into an important level. InvestorPlace - Stock Market News, Stock Advice & Trading Tips$40 was support from February until May, when share prices broke down. In July, $40 was a tough level of resistance that forced SLB back to new lows. It has been a tough ride for shareholders. However, with Monday's gap up, shares are above the 200-day moving average. If they can reclaim $40, the 38.2% level near $43.50 is on the table. Above $44 and the 50% retracement is possible. On the downside, see that SLB stays above prior downtrend resistance (the blue line). Top Stock Trades for Tomorrow No. 2: Exxon Mobil (XOM)Like SLB, Exxon Mobil (NYSE:XOM) isn't getting quite the same boost that crude oil is, up "just" 1.6% near the close on Monday. * 7 Tech Stocks You Should Avoid Now From here, bulls will want to make sure XOM stock stays above the 200-day moving average and the 61.8% retracement at $73.33. If it can, the 50% retracement near $76 is on the table, with the next upside target being June/July resistance at $77.If support gives way, I want to see XOM hold up above prior downtrend resistance. Clearing downtrend resistance is a big setup for a lot of down-and-out energy names. Now it needs to stick. Top Stock Trades for Tomorrow No. 3: Kirkland Lake Gold (KL)After last week's retreat, gold is on the move higher again. That's giving a boost to Kirkland Lake Gold (NYSE:KL), which is up 4.3% on the day. However, that's well off the highs near $45. Shares are near a key point on the charts. Should KL close below $42, it will lose short-term support (black line) and uptrend support (blue line). That could open it up to a test of the 200-day moving average.What bulls really need to see is for this support level to hold, and for KL stock to reclaim the 50-day moving average. If it can, it puts $50-plus on the table. Top Stock Trades for Tomorrow No. 4: ServiceNow (NOW)The setup in ServiceNow (NYSE:NOW) is pretty straightforward. Support at $250 held, as shares work on reclaiming the 20-day moving average. If it does, it puts downtrend resistance (blue line) on the table, with a test of $270 as the next upside target above that. However, if the 20-day or downtrend resistance rejects NOW, see that $250 again holds as support.If it fails, a test of the 200-day moving average is likely. Top Stock Trades for Tomorrow No. 5: DowWe've kept an eye on Dow (NYSE:DOW) thanks to that big dividend yield. However, more recently it's been the bullish price action.After bottoming out around $40 last month, shares have been quick to reclaim both the 20-day and 50-day moving averages. Further, Dow stock has also reclaimed the key $47 level. That puts $52 on the table now. On a pullback, I would love to see the $47 level now act as support. However, the 50-day also attracted buyers on two consecutive pullback days (blue box) earlier this month. So that mark is the must-hold for now, in my view. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 5 Top Stock Trades for Tuesday: SLB, XOM, KL appeared first on InvestorPlace.

  • Will Purdue’s Bankruptcy Engulf Its Owners?
    Bloomberg

    Will Purdue’s Bankruptcy Engulf Its Owners?

    (Bloomberg Opinion) -- The bankruptcy of Purdue Pharma LP lays bare a distinction that the internet is making it more and more difficult to maintain: that between a company and the people who own or founded it.The Sackler family owns Purdue Pharma, the maker of OxyContin, an opioid that has contributed to the deaths of hundreds of thousands of Americans. There are numerous charges and more than 2,000 lawsuits against the company and its owners, and some recent joint settlements. The company has now declared bankruptcy, and wants to give control of Purdue to a trust run by the states, cities and counties that have filed suit against it.But what about the personal fortune of the Sacklers, estimated at $13 billion or more? Under traditional corporate theory, there is a clear distinction between the assets of the corporation and those of the owners. The limited liability company can go under, but the assets of the company owners are safe — just as, say, holding shares of Volkswagen in your mutual fund did not expose you to any personal liability for the automaker’s actions in falsifying emissions data.It turns out that this distinction is harder to uphold, if only in the eyes of the public, when a single family owns and runs a company. Last week New York State alleged that the Sackler family drained at least $1 billion from Purdue for the purpose of avoiding penalties against the corporation and thus shielding its wealth. If it looks like the Sackler family was trying to avoid legal penalties and fines, there will be strong political pressure, possibly backed by public opinion, to go after those additional funds.More generally, if a company is endangered by lawsuits, and the suits are not settled, its owners have a rationale to extract money from the company and stash it far away. But doing so will elicit a legal and public response, and the distinction between the personal and the corporate will not always be respected.Consider the Federal Trade Commission’s recent settlement with Facebook, under which some of founder Mark Zuckerberg’s personal assets are potentially on the line if Facebook does not respect its privacy agreements with the federal government. Some FTC commissioners suggested harsher treatment yet for Zuckerberg’s personal assets.Or, to give another example, Senator Elizabeth Warren has been promoting the notion of personal criminal liability for corporate CEOs if the firms engage in wrongdoing. Her bill would extend corporate liability beyond the company itself, and of course most CEOs of major companies are also shareholders to some extent. Maybe the goal is to punish these individuals in their roles as executives rather than as shareholders. But such penalties would blur these distinctions in the mind of the public — and eventually, perhaps, under the law.So how does the internet matter in all this? First, social media is very effective at drumming up outrage, and negative news seems to have a longer lifespan than positive news. The media’s pre-existing negative bias has been amplified, creating further animosity against any actual or supposed corporate villain.More important, social media personalizes agency — in effect, making it easier to accuse particular individuals of wrongdoing. Mark Zuckerberg, Jeff Bezos, and the Koch brothers all have images or iconic photos that can be put into a social media post, amplifying any attack on their respective companies. It is harder to vilify Exxon, in part because hardly anyone can name its CEO (Darren Woods, since 2017), who in any case did not create the current version of the company. Putting the Exxon logo on your vituperative social media post just doesn’t have the same impact. With Bill Gates having stepped down as Microsoft CEO in 2000, it is harder to vilify that company as well.This personalization of corporate evil has become a bigger issue in part because many prominent tech companies are currently led by their founders, and also because the number of publicly traded companies has been falling, which means there are fewer truly anonymous corporations. It’s not hard to imagine a future in which the most important decision a new company makes is how personalized it wants to be. A well-known founder can spark interest in the company and its products, and help to attract talent. At the same time, a personalized company is potentially a much greater target.The more human identities and feelings are part of the equation, however, the harder it will be to keep the classic distinction between a corporation and its owners. As the era of personalization evolves, it will inevitably engulf that most impersonal of entities — the corporation.To contact the author of this story: Tyler Cowen at tcowen2@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include "Big Business: A Love Letter to an American Anti-Hero."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • 3 Great Ways to Invest in Energy Today
    InvestorPlace

    3 Great Ways to Invest in Energy Today

    Volatility is striking the oil markets after attacks in Saudi Arabia forced the country to cut its oil output by 50%. Crude oil opened up 10% this morning -- lighting a fire under the energy sector. Today we'll look at three ways to invest in energy stocks. They should all benefit from continued uncertainty in the oil markets."An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday, knocking out 5.7 million barrels of daily crude production or 50% of the kingdom's oil output," Yun Li reported for CNBC.On the heels of the news, Brent crude futures saw their largest intra-day rise on record, lifting 19.5%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe energy sector has been one of the weakest performers this year, so higher oil prices could provide a much-needed boost to what has otherwise been a dismal showing. * 7 Tech Stocks You Should Avoid Now Let's look at three ways to invest in energy that should benefit from heightened anxiety in the Middle East. Energy ETFs to Buy: United States Oil Fund (USO)Source: ThinkorSwimSource: ThinkorSwimThe most direct route available for speculating on crude oil is via the United States Oil Fund (NYSEARCA:USO). Because it owns oil futures, USO does a great job of tracking short-term movements in the energy markets. Up 13.6% since this morning, USO is back to the $13 range for the first time since November 2018.Implied volatility is also spiking at the open to 49%, or the 60th percentile of its one-year range. The juicy premiums and USO's low price tag make naked puts a compelling trade here.If you think the risk remains to the upside for oil, then sell the Oct $12 puts for 40 cents. Consider it a bet that USO stays above $12. If it does, you'll capture the 40 cent premium. SPDR S&P Oil & Gas Exploration & Production ETF (XOP)Source: ThinkorSwimSource: ThinkorSwimIf you're not trading oil directly, then you're looking for derivative plays. And that brings us to energy stocks. Rather than picking individual companies, you could play the entire space via a diversified exchange-traded fund like the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP). XOP holds a variety of energy companies involved in exploration and production. Like USO, its cheaper price tag makes XOP an excellent target for options selling.This morning, XOP is jumping 11.3% to a two-month high. While much work remains before the longer-term downtrend reverses, I do like how the fund now sits above the 50-day and 20-day moving averages. * 10 Stocks to Sell in Market-Cursed September Implied volatility is booming this morning, reflecting a sharp increase in the premiums available for options sellers. If you're willing to bet oil uncertainty keeps XOP aloft, then sell the Oct $23 puts for 50 cents. Energy Stocks to Buy: Exxon Mobil (XOM)The final route available to profit from the oil spike is to pick an individual energy stock. Exxon Mobil (NYSE:XOM) is the biggest in the space and offers a lower volatility avenue for speculation. Just look at today's movement for proof. While USO is up 13.6% and XOP is up 11.3%, XOM stock is only rising 2.2%.Exxon offers a lower beta path for traders. This morning's jump carried XOM directly into overhead resistance at the 200-day moving average. And thus far, the ceiling is holding firm. The stock is dropping slightly as I type and now below it's day high of $75.18.While some backing and filling may be needed to digest this morning's move, the downside should be limited as long as uncertainty keeps oil prices higher.If you think XOM stock still sits above $72.50 in a month, then sell the Oct $72.50/$67.50 bull put spread for 80 cents.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 3 Great Ways to Invest in Energy Today appeared first on InvestorPlace.

  • Oil Stocks Surge In Down Session; Chevron, Exxon Mobil Lead Dow Jones
    Investor's Business Daily

    Oil Stocks Surge In Down Session; Chevron, Exxon Mobil Lead Dow Jones

    Oil stocks were in the spotlight Monday with U.S. crude oil futures up more than 10%. Exxon Mobil and Chevron led the Dow Jones.

  • Small Caps And Oil Stocks Lead As Crude Prices Skyrocket
    Investor's Business Daily

    Small Caps And Oil Stocks Lead As Crude Prices Skyrocket

    Major U.S. stock market indexes traded lower near midday Monday as the stock market tried to adjust to the weekend attack on Saudi Arabian oil facilities. Small caps in the Russell 2000 advanced 0.7%, but the major indexes remained in the red.

  • Investing.com

    StockBeat: Apache Jumps as Oil Soars

    Investing.com - Apache (NYSE:APA) shares were soaring Monday in the aftermath of a drone attack on Saudi Arabia oil facilities on Saturday.

  • Higher Oil Prices Boost XOM, CVX, Shell, BP
    Market Realist

    Higher Oil Prices Boost XOM, CVX, Shell, BP

    Rising oil prices boosted energy stocks on September 16, as the drone attack on Saudi Aramco’s oil field propelled oil prices by about 10%.

  • TheStreet.com

    I Certainly Won't Be Filling Up on BP

    Chevron and Exxon Mobil appear more attractive than this stock right now, and the oil sector as a whole should be watched for at least the next couple days.

  • E-Fracs Hold Promise But Do Not Appear Appealing to Industry
    Zacks

    E-Fracs Hold Promise But Do Not Appear Appealing to Industry

    E-Fracs can reduce the cost of fracking in a well by $350,000 from $6-$8 million standard cost per well for oil and gas producers.

  • Business Wire

    ExxonMobil Announces Oil Discovery Offshore Guyana at Tripletail

    IRVING, Texas-- --  Tripletail-1 well is located in Turbot area on the Stabroek Block Fourth drillship to begin Guyana operations in October ExxonMobil said today it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the ...

  • 5 Oil Stocks to Win Big as Prices Jump on Middle East Tension
    Zacks

    5 Oil Stocks to Win Big as Prices Jump on Middle East Tension

    The drone attack on Saudi Arabia could have a far-reaching impact on oil prices as it eliminated roughly 5% of daily oil supply globally and it is not possible to mitigate these losses immediately.

  • Exxon Mobil Rises 3%
    Investing.com

    Exxon Mobil Rises 3%

    Investing.com - Exxon Mobil (NYSE:XOM) rose by 3.36% to trade at $75.08 by 09:30 (13:30 GMT) on Monday on the NYSE exchange.

  • TheStreet.com

    Exxon, Chevron Lead Energy Sector Spike Following Attack on Saudi Oil Facilities

    U.S. oil and energy stocks rise across the board Monday, and providing some upside support for the Dow Jones Industrial Average, after a series of weekend drone attacks on two key Saudi Arabian facilities lifted crude prices to their biggest single-day gain in more than two decades.

  • GuruFocus.com

    First Eagle Investment's Matthew McLennan to Keynote 2020 GuruFocus Value Conference

    Successor to Jean-Marie Eveillard brings wealth of knowledge and experience Continue reading...

  • Moody's

    Midcoast Energy, LLC -- Moody's announces completion of a periodic review of ratings of Midcoast Energy, LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Midcoast Energy, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • U.S. Biofuels Policy: Oil & Corn Industries Fight It Out
    Zacks

    U.S. Biofuels Policy: Oil & Corn Industries Fight It Out

    Farm groups and ethanol organizations are angered by the sharp increase in exemptions provided by the Andrew Wheeler-led Environmental Protection Agency to the oil refiners.

  • Chevron Stock Falls in Q3: Where’s It Headed?
    Market Realist

    Chevron Stock Falls in Q3: Where’s It Headed?

    Chevron (CVX) stock has fallen 1.4% since July 1, 2019, the beginning of the current quarter. Prices of WTI crude oil have fallen 6.0% in the quarter.

  • ExxonMobil-Led Consortium Wins 3 Brazil Deepwater Blocks
    Zacks

    ExxonMobil-Led Consortium Wins 3 Brazil Deepwater Blocks

    ExxonMobil (XOM) along with Murphy Oil and Enauta consents to pay $1.9 million for purchasing SEAL-M-505, SEAL-M-575 and SEAL-M-637 blocks in the offshore Sergipe-Alagoas Basin.