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ExxonMobil (NYSE: XOM) has turned itself around, and investors are being rewarded for their patience. But it's not the best oil major to buy right now. That honor goes to little-known Equinor (NYSE: EQNR) of Norway, or so says Motley Fool contributor Tyler Crowe.
Investors in both Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) had a good Friday, at least as far as their stocks' performance was concerned. Chevron closed the day 2.7% higher and ExxonMobil increased 2.3%; by contrast, the S&P 500 index crept up by 1.5%. In an exclusive article published well before market hours on Friday, The Wall Street Journal reported that Chevron and ExxonMobil are currently in "advanced" talks with Algeria's state-run energy company Sonatrach on a drilling agreement.
Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), AstraZeneca PLC (AZN) and Netflix, Inc. (NFLX).
ExxonMobil (XOM) will capture up to 800,000 metric tons of CO2 per annum from Nucor's (NUE) facility and store the same at its Louisiana facility.
Exxon Mobil (NYSE:XOM) has had a rough three months with its share price down 8.4%. But if you pay close attention, you...
Chevron (CVX) and Exxon face contrasting shareholder perspectives as climate change proposals get rejected in annual meetings.
(Bloomberg) -- Exxon Mobil Corp. is forging ahead with a multi-billion-dollar petrochemical complex that’s the cornerstone of its growth strategy in China, even as political tensions push other corporations to reassess their exposure there.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillion
ExxonMobil and Chevron shareholders solidly rejected climate change proposals at the US oil majors’ annual meetings on Wednesday, scaling back support from last year and splitting with results at peers in Europe where resolutions related to global warming have won stronger support. Only 11 per cent of Exxon shareholders supported a petition calling for the company to set emissions reduction targets that would be consistent with the goals of the 2015 Paris climate agreement. A similar proposal at Chevron received less than 10 per cent support.
(Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. shareholders soundly rejected activist demands to take responsibility for curbing emissions by motorists and industries that burn their fuels. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkDebt-Limit Deal Wins House Passage, Easing US Default ConcernsTwitter Is Now Worth Just 33% of Elon M
ExxonMobil (XOM) is considering divesting its majority stake in Adriatic LNG as part of plans to offload non-core assets to focus on more lucrative prospects.
(Bloomberg) -- Copper and European natural gas futures prices are both in the midst of multiweek losing streaks, while oil is looking to maintain the momentum after a two-week rally. In the US, investors will be focused on two annual general meetings from oil behemoths Exxon Mobil Corp. and Chevron Corp. Here are five notable charts to consider as the week in commodities gets underway.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion Rally
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Chevron (NYSE: CVX) recently made a big splash. It agreed to acquire PDC Energy (NASDAQ: PDCE) in a $7.6 billion deal. The highly strategic and accretive acquisition will provide Chevron with a meaningful boost.
World’s biggest sovereign wealth fund attempts to force policy change at US groups despite backing European oil majors
ExxonMobil (NYSE: XOM) has a long history of scavenging the earth in search of new energy sources. Its primary focus is on finding new oil and gas deposits to sustain and grow its fossil-fuel output. According to a report by the Wall Street Journal, Exxon bought 120,000 gross acres in southern Arkansas for more than $100 million from exploration company Galvanic Energy.
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Apart from ONEOK Inc. (OKE) and Chevron (CVX), ExxonMobil (XOM), Cheniere Energy (LNG) and TechnipFMC (FTI) hogged attention during the week.
Given ExxonMobil's (NYSE: XOM) enormous cash war chest, there has been a lot of focus recently on its next acquisition. Chord Energy has agreed to acquire 62,000 acres in the Williston Basin of North Dakota from Exxon.
Engine No. 1 CEO Jennifer Grancio examines Exxon's most recent investment in lithium production, conscious investing amid reshoring trends, and highlights several of Engine No. 1's own supply chain ETFs.
Equinor (EQNR), ExxonMobil and Shell enter into an agreement with the government of Tanzania to build a multi-billion dollar LNG export facility. The final investment decision for the same is yet to be taken.
ExxonMobil's (XOM) divested assets involve about 62,000 net acres in Williston Basin within and adjacent to near-term development program.
ExxonMobil (XOM) acquires 120,000 gross acres in the Smackover formation of southern Arkansas for more than $100 million from Galvanic Energy.
ExxonMobil (NYSE: XOM) firmly believes the world will need its oil for a long time. The company doesn't think the global economy will reach its target of achieving net-zero emissions by 2050 by pivoting to lower-carbon sources like renewable energy. It's taking a balanced approach to continue supplying the world with low-cost fossil fuels while investing in producing the lower-carbon fuels of the future.