|Bid||0.00 x 1300|
|Ask||0.00 x 3100|
|Day's range||44.80 - 46.45|
|52-week range||30.11 - 77.93|
|Beta (5Y monthly)||1.36|
|PE ratio (TTM)||17.37|
|Earnings date||31 Jul 2020 - 04 Aug 2020|
|Forward dividend & yield||3.48 (7.65%)|
|Ex-dividend date||12 May 2020|
|1y target est||49.45|
Steve Greenlee to Retire as President of ExxonMobil Upstream Business Development Company; Linda DuCharme Elected as Corporate Vice President
Dogs of the Dow have large customer base, sustainable business model, a long track of profitability and strong liquidity, which allow them to offer sizable yields regardless of market conditions.
ExxonMobil's (XOM) strong integrated business model, with a diversified business presence, makes it a relatively lower-risk energy sector player.
United Natural Foods, Ralph Lauren, ExxonMobil and Chevron highlighted as Zacks Bull and Bear of the Day
With their fully integrated models, ExxonMobil (XOM) and Chevron (CVX) are the ones that are best in adapting their business to the prevailing scenario.
(Bloomberg) -- Exxon Mobil Corp. shareholders voted against separating the roles of chairman and chief executive officer as the oil giant navigates a historic collapse in crude prices.Just 33% of investors backed the proposal to create an independent chairman position, compared with 41% last year. Proxy advisers Glass Lewis & Co. and Egan-Jones Proxy Services had recommended that shareholders vote in favor of the plan.Pressure for Exxon to appoint an independent chairman, separate to the CEO, has been building for years. Exxon beefed up the powers of its lead director earlier this year in response to some shareholders’ concerns.Some investors, such as Legal & General Investment Management and the Church of England, encouraged others to back the split due to what they deem a lack of action and ambition on climate change. The California Public Employees’ Retirement System, America’s largest state public pension fund, and the New York State Common Retirement Fund have also said they support splitting the chairman and CEO roles.America’s top oil producer is going through one of the most financially stressed times in its modern history after a record plunge in crude prices exacerbated the strain of multibillion-dollar investments to rebuild its operations. In the first quarter, when the oil crash still hadn’t culminated in a shocking dip to minus $40 a barrel, the company had its first loss in 30 years, forcing it to shut production and retreat on many of its big projects in a bid to save money.CEO Darren Woods has indicated his willingness to borrow billions of dollars to continue paying Exxon’s mighty dividend, while standing ready to resume growth plans once prices rebound. But some investors question whether the company needs to pivot toward renewables and greener forms of energy, with oil potentially on the cusp of a long-term demise.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
ExxonMobil shareholders have voted against forcing the company to appoint an independent chair, dealing a blow to campaigners that want it to separate the position from the role of CEO. Support for the split, which was proposed at the company’s annual meeting on Wednesday, dropped sharply from 40.7 per cent of shareholder votes in 2019 to 32.7 per cent this year, its lowest level in the past five years. Campaigners say the combined job weakens corporate governance and link it to a perceived failure by the biggest listed oil producer in the US to act on climate change.
Investing.com - Oil prices pushed higher Tuesday, amid signs producers are making good their promises to cut crude supply while demand picks up.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
The coronavirus pandemic has indelibly impacted the global energy sector. Although the demand for oil has noticeably dropped and prices have plunged, the pace of shift to renewable energy from fossil fuel is still uncertain.
Probably the most significant piece of recent news from either company is Shell's late-April announcement that it was cutting its dividend by two-thirds, down to just $0.32/ADR share. This surprise move, the company's first dividend cut since World War II, took Shell from being the highest yielder among the five oil majors to the lowest.
The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP
For many, the main point of investing is to generate higher returns than the overall market. But every investor is...
You've got to hand it to Federal Reserve Chairman Jerome Powell -- this guy really knows how to spook a stock market. On Wednesday, the Fed chair warned investors, who have been hoping -- planning even -- on a V-shaped recovery from the recession just as soon as the COVID-19 shutdown is over, that they may have to wait a bit longer for things to improve. "Recovery may take some time to gather momentum," warned Powell, and while that's happening, "the passage of time can turn liquidity problems into solvency problems."