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Exxon Mobil Corporation - XOM STOCK NEWS

Welcome to our dedicated page for Exxon Mobil Corporation news (Ticker: XOM), a resource for investors and traders seeking the latest updates and insights on Exxon Mobil Corporation stock.

Exxon Mobil Corporation, trading under the symbol XOM, is an American multinational oil and gas giant, and the largest direct descendant of John D. Rockefeller's Standard Oil. As an integrated oil and gas company, ExxonMobil is involved in the exploration, production, and refining of oil worldwide.

In 2023, ExxonMobil reported daily production of 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas. By the end of the same year, the company's reserves stood at 16.9 billion barrels of oil equivalent, with 66% comprising liquids. The company also boasts a global refining capacity of 4.5 million barrels of oil per day, making it one of the largest refiners and a leading manufacturer of commodity and specialty chemicals.

ExxonMobil continuously engages in numerous projects and partnerships aimed at maintaining and enhancing its operations. The company's financial health remains robust, supported by its extensive reserve base and large-scale operations across various segments of the oil and gas industry.

For more detailed and up-to-date information on ExxonMobil's latest news and developments, visit the StockTitan website.

News

ExxonMobil Announces First-Quarter 2024 Results

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ExxonMobil reported strong first-quarter earnings of $8.2 billion, with $14.7 billion in cash flow and a final investment decision on a major project. The company achieved growth in performance chemicals and refining throughput, reduced methane emissions, and is investing in new technologies. Earnings per share increased to $2.06, with capital expenditures at $5.8 billion. The company plans to deliver $15 billion in cumulative structural cost savings by 2027.
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Biloxi Marsh Lands Corporation Announces Unaudited Results for the First Quarter of 2024

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Biloxi Marsh Lands released its unaudited results for the first quarter of 2024. The company received a termination notice for the CO2 Injection Agreement from Denbury, a subsidiary of ExxonMobil, leading to a payment dispute. Investors are advised to visit the company's website for more information.
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ExxonMobil Makes Application to Cease to be a Reporting Issuer in Canada

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ExxonMobil has applied to cease to be a reporting issuer in Canada, pending approval from the Alberta Securities Commission and the Ontario Securities Commission. Despite this change, the company will continue to file financial statements and disclosure materials in the US and on the NYSE.
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TechnipFMC Awarded Large Subsea Contract for ExxonMobil Guyana’s Whiptail Project

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TechnipFMC (FTI) secures a significant subsea contract for ExxonMobil Guyana's Whiptail project, providing 48 subsea trees and 12 manifolds. The contract falls within the $500 million to $1 billion range and will be reflected in Q2 2024 orders.
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Imperial to hold 2024 First Quarter Earnings Call

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Imperial Oil , listed on TSE: IMO and NYSE American, will host a 2024 First Quarter Earnings Call on April 26. The event will feature Brad Corson, CEO, and Peter Shaw, VP of Investor Relations, offering insights on the company's performance.
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ExxonMobil to Release First Quarter 2024 Financial Results

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Exxon Mobil (XOM) is set to release its Q1 2024 financial results on April 26, 2024. The results will be published early in the morning at 5:30 a.m. CT and can be accessed at investor.exxonmobil.com. Following the release, a live conference call will be hosted by CEO Darren Woods and CFO Kathy Mikells at 7:30 a.m. CT. The call will be available via webcast or phone, with details provided for both toll-free and local numbers, including a required passcode. Additionally, an archived replay and supplemental financial data will be accessible post-call on the company's investor website.
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ExxonMobil Guyana moves forward with sixth offshore development

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ExxonMobil finalizes investment decision for Whiptail project in Guyana, adding 250,000 barrels of oil per day capacity by 2027. $12.7 billion investment to boost Guyana's economy. Company emphasizes sustainable development and collaboration with local communities.
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Double E Pipeline Announces Open Season for Available Capacity

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Double E Pipeline, initiates a non-binding open season to seek interest for firm transportation service on its system. The Open Season starts on April 1, 2024, and ends on April 29, 2024. Bidders can propose transportation paths using existing or new points.
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ExxonMobil to Speak at Morgan Stanley’s Energy & Power Conference

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Exxon Mobil Corporation's senior vice president, Neil Chapman, will conduct a fireside chat at Morgan Stanley's Energy & Power Conference on March 6, 2024, in New York. The event will be live webcasted and an archived audio portion will be available on ExxonMobil's website.
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ExxonMobil Obtains Exemption from Canadian Oil and Gas Reporting Obligations

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Exxon Mobil Corporation (XOM) has received exemptive relief from disclosure requirements in Alberta and Ontario, allowing it to provide oil and gas activity disclosure under U.S. Rules instead of NI 51-101.
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FAQ

What is the current stock price of Exxon Mobil Corporation (XOM)?

The current stock price of Exxon Mobil Corporation (XOM) is $121.93 as of November 21, 2024.

What is the market cap of Exxon Mobil Corporation (XOM)?

The market cap of Exxon Mobil Corporation (XOM) is approximately 528.8B.

What does ExxonMobil do?

ExxonMobil is an integrated oil and gas company involved in the exploration, production, and refining of oil globally.

How much oil and gas did ExxonMobil produce in 2023?

In 2023, ExxonMobil produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day.

What were ExxonMobil's reserves at the end of 2023?

At the end of 2023, ExxonMobil's reserves were 16.9 billion barrels of oil equivalent, with 66% being liquids.

How large is ExxonMobil's refining capacity?

ExxonMobil has a global refining capacity of 4.5 million barrels of oil per day.

Is ExxonMobil involved in chemical manufacturing?

Yes, ExxonMobil is one of the world's largest manufacturers of commodity and specialty chemicals.

What is ExxonMobil's stock symbol?

ExxonMobil trades under the symbol XOM.

Who founded ExxonMobil?

ExxonMobil is the largest direct descendant of John D. Rockefeller's Standard Oil.

How can I stay updated about ExxonMobil's latest news?

You can stay updated on ExxonMobil's latest news by visiting the StockTitan website.

What makes ExxonMobil significant in the oil and gas industry?

ExxonMobil's extensive production, large reserve base, and significant refining capacity make it a major player in the oil and gas industry.

Does ExxonMobil partner with other companies?

Yes, ExxonMobil engages in various projects and partnerships to enhance its operations.

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Exxon Mobil Corporation

NYSE:XOM

XOM Rankings

#18 Ranked by Market Cap
#939 Ranked by Dividends

XOM Stock Data

528.81B
4.39B
0.05%
65.69%
1.03%
Oil & Gas Integrated
Petroleum Refining
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United States of America
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