Previous close | 4.7500 |
Open | 4.9200 |
Bid | 4.5500 |
Ask | 4.6500 |
Strike | 115.00 |
Expiry date | 2025-01-17 |
Day's range | 4.5700 - 5.3000 |
Contract range | N/A |
Volume | |
Open interest | 10.94k |
XOM's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.
Japanese trading house Mitsubishi said on Friday it has reached a preliminary agreement to buy a stake in and offtake low-carbon ammonia from ExxonMobil's hydrogen facility in Texas. Part of its decarbonisation drive, Japan is aiming to increase usage of hydrogen and its derivative, ammonia, for co-firing at power plants, usage in the steel and automobile industries and other areas. Mitsubishi said that ExxonMobil's facility was expected to produce up to 1 billion cubic feet (bcf) per day of hydrogen, which would have about 98% of CO2 removed, and more than 1 million tons of low-carbon ammonia per year.
XOM CEO Darren Woods promises legal action against activist shareholders who abuse the proxy process, aiming to protect broader shareholder interests.