Exxon Mobil Stock Price, News & Analysis

Imperial Oil has received TSX approval for a new normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding common shares, or approximately 25.4 million shares, over the next 12 months starting June 29, 2025. The company will purchase shares through the TSX and alternative trading systems in Canada, with a daily purchase limit of 217,077 shares. ExxonMobil, which owns 69.6% of Imperial, will participate to maintain its ownership percentage. This follows the completion of Imperial's previous NCIB program in December 2024, where the company purchased the maximum 26.8 million shares at an average cost of $100.06 per share, totaling about $2.68 billion.

ExxonMobil (NYSE:XOM) warns shareholders against an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1 million shares (0.023%) of XOM common stock at $100 per share. The offer price is significantly below market value, being 4.1% lower than the June 6, 2025 closing price and over 10% below current trading levels. ExxonMobil emphasizes it has no association with TRC or this offer, which expires on July 10, 2025. The company highlights that mini-tender offers (seeking less than 5% of shares) avoid many SEC disclosure requirements and investor protections. Shareholders who have already tendered shares can withdraw them before the expiration date, and ExxonMobil recommends that shareholders reject the offer and take no action.

ExxonMobil (NYSE: XOM) has announced that Senior Vice President Jack Williams will participate in a fireside chat at the upcoming JP Morgan Energy, Power, Renewables & Mining Conference. The event is scheduled for June 24, 2025, at 8:35 a.m. ET in New York. Investors and interested parties can access the live webcast through the event page, with an archived audio recording becoming available on ExxonMobil's website approximately 24 hours after the event.

ExxonMobil (NYSE: XOM) has announced that Senior Vice President Neil Chapman will participate in a fireside chat at the Bernstein 41st Annual Strategic Decisions Conference in New York. The event is scheduled for May 29, 2025, at 8 a.m. ET. Investors and interested parties can access the live webcast through the event page, and an archived audio recording will be made available on ExxonMobil's website approximately 24 hours after the event.

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) held its annual meeting of shareholders on May 8, 2025, where all seven nominated directors were successfully elected. The meeting saw strong shareholder participation with 474,218,780 shares represented (93.16% of outstanding common shares) either in person or by proxy.

The elected directors include D.W. Cornhill, S.R. Driscoll, J.N. Floren, G.J. Goldberg, N.A. Hansen, M.C. Hubbs, and J.R. Whelan. John Whelan received the highest approval with 467,228,982 votes in favor, while Neil Hansen received the most votes against with 39,213,866 shareholders opposing his election.

ExxonMobil (NYSE: XOM) and Marubeni Corporation have signed a long-term agreement for supplying 250,000 tonnes of low-carbon ammonia annually from ExxonMobil's Baytown, Texas facility. The facility, expected to be the world's largest of its kind, will produce up to 1 billion cubic feet of low-carbon hydrogen daily and over 1 million tons of low-carbon ammonia yearly, with approximately 98% CO2 removal.

Marubeni will acquire an equity stake in the facility and supply the ammonia primarily to Kobe Power Plant. The final investment decision is expected in 2025, subject to government policy and regulatory permits. The deal aims to support Japan's decarbonization goals, particularly in power generation and hard-to-abate sectors like steel manufacturing, chemicals, and transportation.

Imperial Oil (TSE: IMO, NYSE American: IMO) has declared a quarterly dividend of 72 cents per share for the second quarter of 2025, maintaining the same level as the first quarter. The dividend will be payable on July 1, 2025, to shareholders of record as of June 4, 2025.

As Canada's largest petroleum refiner, Imperial has an impressive track record of paying dividends for over 100 years and has increased its annual dividend payment for 30 consecutive years. The company maintains its position as a leading crude oil producer, petrochemical manufacturer, and coast-to-coast fuels marketer in Canada.

Imperial reported strong Q1 2025 financial results with net income of $1,288 million ($2.52 per share), up from $1,195 million in Q1 2024. Cash flows from operating activities were $1,527 million. The company's upstream production averaged 418,000 gross oil-equivalent barrels per day, with Kearl production at 256,000 barrels per day and Cold Lake at 154,000 barrels per day. Downstream operations achieved 91% refinery utilization with throughput of 397,000 barrels per day. Imperial returned $307 million to shareholders through dividends and declared a Q2 dividend of $0.72 per share. The company announced a leadership transition, with John Whelan set to succeed Brad Corson as chairman and CEO on May 8, 2025. Construction of Canada's largest renewable diesel facility at Strathcona refinery remains on track for mid-2025 startup.

ExxonMobil (XOM) reported Q1 2025 earnings of $7.7 billion ($1.76 per share), generating $13.0 billion in operating cash flow and $8.8 billion in free cash flow. The company delivered strong shareholder returns, distributing $9.1 billion through $4.3 billion in dividends and $4.8 billion in share repurchases. Notable operational highlights include the commencement of the China Chemical Complex and second Advanced Recycling Unit in Baytown. The company achieved $12.7 billion in cumulative structural cost savings versus 2019. Production increased 20% to 4.6 million oil-equivalent barrels per day, primarily driven by Permian growth from the Pioneer acquisition. The company maintained a strong balance sheet with industry-leading debt-to-capital ratio of 12% and period-end cash balance of $18.5 billion.