News
XOM
118.39
-2.42%
-2.94
Why ExxonMobil Stock Dropped on Earnings Friday
ExxonMobil reported mixed Q1 earnings. The oil giant beat on sales, but GAAP profits fell 28% year over year. Free cash flow for the quarter was 23% ahead of reported profits. The company's stock is down 2.8% in after-hours trading.
The Motley Fool · 1h ago
US STOCKS-Wall Street shares lifted by rally in megacap tech stocks
Wall Street shares lifted by rally in megacap tech stocks March PCE data in line with estimates Alphabet jumps on first-ever dividend, $70 bln buyback plan Microsoft gains after earnings beat estimates Indexes up: Dow 0.59%, S&P 1.19%, Nasdaq 2.09% U.S. Stocks rose on Friday after robust quarterly results from Google and Microsoft.
Reuters · 1h ago
WRAPUP 2-Earnings for Big Oil backpedal as natgas prices tumble
U.S. And European oil companies report weaker first quarter results due to a sharp drop in gas prices. In the U.S., Exxon Mobil missed Wall Street earnings targets on fuel derivatives and Chevron beat. French oil major TotalEnergies slightly beat analysts forecasts. European gas prices declined by 35% compared to a year ago.
Reuters · 1h ago
These Stocks Are Moving the Most Today: Alphabet, Microsoft, Intel, Snap, Exxon, Roku, Skechers, ResMed, and More
Alphabet posted better-than-expected first-quarter earnings and revenue. The parent company of Google announced it would be paying its first dividend of 20 cents a share. The company's market cap crossed $2 trillion during the session. Stocks rebounded from sharp losses Thursday after strong earnings from tech giants Alphabet and Microsoft.
Barron‘s · 1h ago
BUZZ-U.S. STOCKS ON THE MOVE-Chevron, Intel, Alphabet
Dow Jones Industrial Average was up 0.65% on Friday. Alphabet pushed its market value over $2 trillion. Top three S&P 500 percentage losers: Chevron, Intel, Alphabet and Exxon Mobil. The Nasdaq Composite was up 2.31%. Wall Street's main indexes advanced after robust quarterly results.
Reuters · 2h ago
Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Aon plc shares fell 7.4% to $283.19 on Friday. The company reported worse-than-expected quarterly financial results. Biodexa Pharmaceuticals Plc shares jumped 73.3% after the company signed a deal with eRapa. Snap Inc. Shares jumped 23% in the mid-day session.
Benzinga · 2h ago
Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?
The S&P 500 gained over 1% on Friday and is up 2.8% this week. The Nasdaq 100 is on track for its best week in seven months. Strong earnings reports from Alphabet and Microsoft restored positive sentiment in the market. The Magnificent Seven gained a combined $400 billion in a day.
Benzinga · 2h ago
Energy Sector Update for 04/26/2024: XOM, CVX, PSX
NASDAQ · 2h ago
BREAKINGVIEWS-Exxon and gas markets tell different stories
Exxon boss Darren Woods says fossil fuels are in decline. But low gas prices tell a different story, says Robert Cyran. Abundance of gas depressed prices, he says. Both companies are big in the Permian Basin of Texas and New Mexico. Woods may be right that fossil fuels will be in demand for a long time.
Reuters · 2h ago
ExxonMobil (XOM) Q1 2024 Earnings Call Transcript
ExxonMobil Corporation's first-quarter 2024 earnings call will be webcast on April 26, 2024. The company's CEO, Darren Woods, will provide an overview of the company's performance. The conference call is being recorded. ExxonMobil is the third-largest total dividend payer in the S&P 500.
Forward News · 3h ago
What Chevron, Exxon Q1 earnings mean for gas prices
Exxon Mobil and Chevron reported a year-over-year decline in first quarter revenue due to lower refining margins. Will these reports have an effect on gas prices? Yahoo Finance's Ines Ferré joins Wealth! to break down the potential impact on consumers and investors.
Forward News · 3h ago
US Energy Stocks Fall Following Oil Giants' Subdued Earnings Reports
Shares of major U.S. Energy companies experienced sharp declines in the first hour of trading on Friday. Exxon Mobil Corp. And Chevron Corp. Reported disappointing first-quarter earnings. The Energy Select Sector SPDR Fund experienced its worst day since late January. Phillips 66 also reported earnings and revenue that fell below expectations.
Benzinga · 4h ago
S&P 500 Gains 1%; Exxon Mobil Posts Downbeat Earnings
U.S. Stocks traded higher midway through trading on Friday. The Dow traded up 0.41% and the S&P 500 gained around 1%. Exxon Mobil Corporation reported downbeat earnings for its first quarter. Asian markets closed mostly higher on Friday; European shares were also higher.
Benzinga · 4h ago
US STOCKS-Wall St rises as Big Tech charges higher
U.S. Monthly inflation rises moderately in March on an annual basis. March PCE data in line with estimates, calming interest rate jitters. Alphabet's market value briefly tops $2 trillion after posting strong quarterly results. Microsoft and other growth stocks rise as well.
Reuters · 4h ago
BUZZ-U.S. STOCKS ON THE MOVE-HCA Healthcare, ResMed, LyondellBasell
Dow Jones Industrial Average was up 0.24% on Friday. Alphabet pushed its market value over $2 trillion. Most growth stocks rose after robust quarterly results from Alphabet. HCA Healthcare, ResMed, LyondellBasell were among the top stocks on the NYSE.
Reuters · 4h ago
Chevron CEO Says Co Estimates Arbitration Will Conclude In Q4, Consistent With Exxon's Timeline
Benzinga · 4h ago
BUZZ-Canada's Imperial Oil dips on lower refinery throughput in Q1
Shares of Canadian firm Imperial Oil down 1.1% on lower refinery throughput in Q1. Co reports Q1 profit of C$2.23 per share vs analyst estimate of C $2.03 per share. Upstream production rises to 421,000 gross oil equivalent barrels per day.
Reuters · 5h ago
Exxon's Guyana 'mega project' to fuel 'big growth': Strategist
Exxon Mobil and Chevron reported a dip in first quarter revenue compared to the same period last year. Both companies beat Wall Street revenue expectations for the quarter. Upcoming projects have the potential to turn things around for the companies. Energy expert Neal Dingmann joins The Morning Brief to give insight into the energy sector.
Forward News · 5h ago
XOM Stock Earnings: Exxon Mobil Meets EPS, Beats Revenue for Q1 2024
Exxon Mobil reported earnings per share of $2.06 for the first quarter of 2024. The company reported revenue of $83.08 billion. This met the analyst estimate for revenue. Exxon Mobil also reported results for the fourth quarter of 2015. The stock is up 1.7% today.
Investorplace · 5h ago
Exxon Mobil (XOM) Lags Q1 Earnings and Revenue Estimates
NASDAQ · 5h ago
More
Webull provides a variety of real-time XOM stock news. You can receive the latest news about Exxon Mobil through multiple platforms. This information may help you make smarter investment decisions.
About XOM
Exxon Mobil Corporation is an international energy and petrochemical company. The Company’s primary businesses include exploration for, and production of, crude oil and natural gas; manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and a variety of specialty products; and pursuit of lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. Its segments include Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufactures and sells petroleum products and petrochemicals. Energy Products include fuels, aromatics, and catalysts and licensing. Its Chemical Products consists of olefins, polyolefins, and intermediates. Its Specialty Products include finished lubricants, synthetics, and elastomers and resins.