News
XOM
116.24
+1.10%
1.27
Oil-Services Titan Is Getting Serious About Carbon Capture
Oil-services company SLB is buying an 80% stake in carbon capture company Aker Carbon Capture. SLB says it wants to make $3 billion in revenue from carbon capture by 2030. Carbon capture is a way to capture carbon emissions from industrial projects and store them underground. The investment shows big oil companies are starting to see a business case for the technology.
Barron‘s · 5h ago
Shell: LNG Leadership Makes For An Attractive Risk/Reward
Seeking Alpha · 6h ago
Upstream Expansion Fuels Optimism in the Oil & Gas Sector
The year 2024 comes as a period of strong growth and opportunities in the oil and gas industry. WTI crude prices have risen above the $80 mark. Companies in this sector are preparing to increase investments in exploration and production activities. Global upstream spending will increase gradually but significantly in 2024. Several key players within the industry are gathering attention as promising candidates for investment.
Forward News · 10h ago
BUZZ-US energy sector rises on tighter supply outlook
US energy sector rises on tighter supply outlook. S&P 500 Energy Sector rises 0.5%, tracking crude prices. Brent crude up 1.4% and U.S. West Texas Intermediate crude rises 1.2%. OPEC+ producer alliance is widely expected to stay the course on production cuts.
Reuters · 10h ago
Oil & Gas Stock Roundup: XOM's Guyana Find and DRQ's Merger Take Center Stage
Both oil and natural gas prices recorded marginal gains in the last week. ExxonMobil's latest oil discovery in Guyana's Stabroek block and Dril-Quip's combination with Innovex grabbed attention. Shell, Galp Energia, Chevron and Shell also made headlines.
Forward News · 11h ago
Maritime Disasters Shed Light on Legal Future of Bridge Collapse
Forward News · 12h ago
Should WisdomTree U.S. High Dividend ETF (DHS) Be on Your Investing Radar?
NASDAQ · 15h ago
BREAKINGVIEWS-Eni’s green shoots are taking time to blossom
Eni CEO Claudio Descalzi is balancing a focus on gas with a plan to squeeze value out of his greenest units. He has been building out separate units around more carbon-friendly businesses. But shareholders are yet to be convinced of Eni's green shoots. The Italian company's shares are trading at a discount to its peers. Eni’s green shoots are taking time to blossom, says Lisa Jucca.
Reuters · 15h ago
GRAPHIC-How the oil industry is thriving despite Joe Biden's climate policies
The U.S. Oil and gas industry has flourished under President Joe Biden's administration. The profits of the top five oil companies amounted to $410 billion during the first three years of the Biden administration. Biden has pushed hard to transition the U.s. To a green economy to fight climate change. Russia's invasion of Ukraine pushed up demand for fossil fuels.
Reuters · 15h ago
2 Energy Stocks You Can Buy Right Now Before They Surge Even Higher
ExxonMobil and Energy Transfer have already rallied more than 10% this year. The average energy stock is up 10% as measured by the Energy Select Sector SPDR ETF. Higher oil prices are driving the rallies for both companies. But the companies could have more to run.
The Motley Fool · 16h ago
Discipline Drives Energy Deals
The energy sector is undergoing a wave of consolidation. Energy exploration and production companies are benefiting from increased capital discipline and a focus on free cash flow. The consolidation within the industry benefits energy investors as companies focus on deeper inventory levels and low-cost projects to support cash returns to shareholders.
Seeking Alpha · 18h ago
Oil Giants Plan to Bury Massive Amounts of CO2 in Southeast Asia
Forward News · 1d ago
WTI Crude Oil (CM:CL) Slips amid Soft Demand, Stronger Dollar
TipRanks · 1d ago
Energy stocks soared in March
Energy stocks have benefited from the rise in oil prices in March. The Energy Select Sector SPDR Fund is up about 11% for the month. Yahoo Finance's Ines Ferré breaks down what's happening in the energy sector. The full episode of Yahoo Finance Live is available now.
Forward News · 1d ago
Republican senators push back against FTC scrutiny of oil and gas mergers - report
Energy M&A Republican senators push back against FTC scrutiny of oil and gas mergers. A group of 38 republican Senators are critical of the Federal Trade Commission's planned scrutiny of the industry. Nearly 50 Democrats in the U.S. Congress have called on the FTC to investigate the wave of energy mergers in 2023.
Seeking Alpha · 1d ago
Upside/Downside Tug Of War
Seeking Alpha · 1d ago
US Companies In Japan Wary On Market Intervention As Yen Hits 34-Year Low Vs. Dollar
U.S. Commodity exporters and pharmaceutical companies are among the top traders in Japan. Top exporters with significant Japanese interests include Exxon Mobil Corp and Chevron Corp. The weak yen has been a boon for Japanese exporters. The yen fell to a 34-year low against the dollar on Wednesday.
Benzinga · 1d ago
UPDATE 1-IKAV, VTTI to buy majority stake in Italy's biggest LNG terminal
Dutch infrastructure group VTTI and German asset manager IKAV to buy majority stake in Italy's biggest LNG terminal. Exxon XOM.N will sell its 70.7% stake in the Adriatic L gas terminal. QatarEnergy is also divesting its 22% stake. Europe has increased LNG imports after Russia's invasion of Ukraine.
Reuters · 1d ago
ExxonMobil (XOM) Sounds Alarm on Australia's Gas Supply Outlook
Exxon Mobil Corporation XOM has issued a serious warning regarding the future of Australia's domestic gas supply. The company predicts that by 2030, the domestic supply to Australia's southern states could fall by 44%. ExxonMobil shares have outperformed the industry in the past three months. Three better-ranked companies in the energy sector have a Zacks Rank #1.
Forward News · 1d ago
Giverny Capital Rochon Global Portfolio 2023 Annual Letter To Partners
Giverny Capital Rochon Global Portfolio 2023 Annual Letter To Partners. Giverny is a Montreal-based investment advisor specializing in private wealth management. The company has managed a family portfolio since 1993. Since its inception in 1993, the GivernY portfolio has had a compounded annual return of 14.8%.
Seeking Alpha · 1d ago
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About XOM
Exxon Mobil Corporation is an international energy and petrochemical company. The Company’s primary businesses include Upstream, Product Solutions and Low Carbon Solutions. Its Upstream division is engaged in exploring and developing oil and natural gas using technology. Its Product Solutions division is engaged in reducing greenhouse gas emissions and plastic waste by developing more sustainable products such as lower-emission fuels, chemical performance products and lubricants and plastics. Its Low Carbon Solutions segment is focused on commercializing lower-emission business opportunities in carbon capture and storage, hydrogen and lower-emission fuels. It owns and operates a carbon dioxide (CO2) pipeline network in the United States, adding more than 1,300 miles, including nearly 925 miles of CO2 pipelines in Louisiana, Texas and Mississippi. It also includes Gulf Coast and Rocky Mountain oil and natural gas operations. It also has over 15 onshore CO2 storage sites.