EXXON MOBIL CORP (XOM) Stock News
NYSE:XOM - New York Stock Exchange, Inc. - US30231G1022 - Common Stock - Currency: USD
XOM Latest News, Press Relases and Analysis
ExxonMobil Continues to Prove It's the Best-Run Company in the Oil Patch
ExxonMobil delivered industry-leading financial results in the first quarter. The oil company expects to improve upon its performance in the coming years. ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil sector.
ExxonMobil Continues to Prove It's the Best-Run Company in the Oil Patch
Why Alphabet's Investors Should Root for Its Breakup
On This Day, May 3: 1999 tornado outbreak kills dozens in Plains states - UPI.com
On May 3, 1999, 76 tornadoes tore across the U.S. Plains states, killing about 50 people and injuring hundreds.
Mentions: CBS
Big Oil Refuses to Budge on Production Ahead of OPEC+ Decision
The largest western oil producers are mostly sticking with their growth plans for now, despite a 16% decline in crude prices during April and the potential for further increases in output from OPEC+.
Mentions: CVX
Chevron Cuts Buybacks As Oil Plunges
Chevron and Exxon reported high earnings even after Chevron said it would reduce it's share buybacks because of tumbling oil prices and a trade war. Meanwhile, Exxon is sticking with its's share buyback plans as it's earnings met analysts' estimates. Goldman Sachs Head of North American Natural Equity Research Neil Mehta has more on the story. (Source: Bloomberg)
Oil Falls as OPEC+ Weighs Another Major Production Increase
(Bloomberg) -- Oil slumped as OPEC+ discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNJ Transit Strike Would Be ‘Disaster’ f
Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices
Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.
Mentions: CVX
Wall Street Eyes 9th Straight Day Of Gains, Apple Falls As Chinese Sales Disappoint: What's Driving Markets Friday?
U.S. stocks advanced across the board by midday Friday, with the S&P 500 eyeing its ninth consecutive day of gains—poised for the longest winning streak since May 2024.
Wall Street Should Be Nervous, JPMorgan's Kelly Warns
"I wouldn't take too much comfort in these numbers," David Kelly, JPMorgan Asset Management chief global strategist, says while discussing the April US employment report on "Bloomberg Open Interest." (Source: Bloomberg)
Chevron Could Integrate Hess Within Days of Closing, CEO Says
Chevron Corp. Chief Executive Officer Mike Wirth says he remains confident his company will prevail against in an arbitration case against Exxon Mobil Corp. and close its $53 billion deal to buy Hess Corp.
Miami’s Design District Is a Hub of Fashion, Art and Architecture
In the middle of Miami’s urban sprawl, gritty underpasses and highway knots there’s an 18-block oasis for the uber-rich. Bloomberg's Dasha Afanasieva explains how the area became a hub of fashion, art and architecture. (Source: Bloomberg)
Stock market today: Dow, S&P 500, Nasdaq jump amid jobs report beat, hopes for US-China talks
A possible thawing in US-China trade tensions boosted spirits after earnings from Apple and Amazon shed light on the likely cost of tariffs.
Stock Movers: Apple, Chevron Down, Exxon Holds, Take-Two Up
Apple (AAPL) down after the iPhone maker reported China sales that were disappointing, and warned about the impact of tariffs. Chevron (CVX) falls on news that the company will reduce share buybacks this quarter to about $2.75 billion, 30% less than in the first quarter, due to tumbling oil prices. Exxon (XOM) holds firm, sticking to its plan to buy back about $5 billion in shares per quarter. Take-Two Interactive Software (TTWO) gains despite news the game maker has delayed the release of Grand Theft Auto VI to next year. (Source: Bloomberg)
Exxon Mobil, Chevron Top First-Quarter Earnings Views, Miss Revenue Estimates
Exxon Mobil (XOM) and Chevron (CVX) reported better-than-expected first-quarter earnings on Friday,
Here's What Key Metrics Tell Us About Exxon (XOM) Q1 Earnings
The headline numbers for Exxon (XOM) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Exxon Q1 Revenue Hit By Oil Price Slump, But Output Helps Cushion Blow
Exxon said strong output in the Permian Basin and Guyana and ongoing cost-cutting measures helped blunt the impact of weaker pricing.
Exxon Mobil Q1: Steady Production, Focus On Cost Cuts And Stock Buyback
XOM up on Q1 results, lower revenues & income, lower production, declining net profit & EPS, savings target, dividend per share of $0.99
Exxon, Chevron Weigh Permian Oil Growth as Independents Cut Back
Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian Basin’s oil growth as independent producers cut back due to falling crude prices.
Mentions: CVX
ExxonMobil's Q1 Earnings Top Estimates on Higher Production
XOM Q1 earnings gain on production volume growth from its Guyana and Permian Basin resources. Revenues miss estimates due to lower crude price realizations.
Exxon Mobil (XOM) Beats Q1 Earnings Estimates
Exxon (XOM) delivered earnings and revenue surprises of 1.15% and 1.22%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: GLNG
Dow Futures Edge Higher As US-China Trade Hopes Offset Apple, Amazon Earnings Impact
Apple and Amazon stocks traded in the red pre-market despite upbeat earnings after citing concerns about the impact of Trump’s tariffs on their financial results.
ExxonMobil, Chevron Top Profit Estimates
ExxonMobil reported better first-quarter results than analysts expected Friday, while rival Chevron beat earnings estimates but fell just short of revenue forecasts.
Mentions: CVX
Profits at American oil giants Exxon Mobil and Chevron fall in tandem with waning energy demand
The oil and gas giant earned $7.71 billion, or $1.76 per share, for the three months ended March 31. The results topped Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. Analysts polled by Zacks Investment Research expected earnings of $1.74 per share.
Mentions: CVX
IRS employees rally against ‘slash-and-burn’ approach to layoffs — plus how it may impact your tax refund
The threat of burnout ignites NTEU members in the Heart of America on Tax Day.
China Hints at Possible Trade Talks, Looking Ahead to the Jobs Report | Bloomberg Brief (05/02/2025)
Equity futures gain momentum with the S&P 500 eyeing a nine-day win streak as investors wait for the April jobs report. China also hints at evaluating trade talks with the US. Sam Lynton-Brown of BNP Paribas says the Trump Administration appears to have a pain threshold in treasuries, Veronica Clark of Citi says the unemployment rate remains the most important statistic, and Joel Kulina of Wedbush Securities says it's been a very selective tech rally and he needs to see more innovation from Apple in AI. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
Exxon beats Wall Street profit estimate, on track to meet buyback target
HOUSTON (Reuters) -Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings. The buyback figure puts Exxon on track to meet its annual share repurchase goal of $20 billion. The energy sector has faced a tumultuous start to the year after U.S. President Donald Trump's global tariff announcements stoked recession fears.
Exxon Mobil earnings beat even as profit falls on oil price decline
The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower earnings from weak oil prices.
Exxon Matches Estimates, Maintains Buybacks Even as Oil Slumps
Exxon Mobil Corp. met earnings estimates thanks to higher production from low-cost projects such as Guyana and the Permian, allowing the oil giant to maintain its share buybacks despite the recent drop in crude prices.
Mentions: CVX
