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.
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Pioneer Natural Resources Company (PXD) has received shareholder approval for the pending merger with Exxon Mobil Corporation (XOM). The companies continue to work with the Federal Trade Commission for the merger review, with an expected completion in the second quarter of 2024.
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Imperial Oil Limited (IMO) has declared a quarterly dividend of 60 cents per share, payable on April 1, 2024, to shareholders of record at the close of business on March 4, 2024. The company has a long history of growth and financial stability, paying dividends for over a century and increasing its annual dividend payment for 29 consecutive years. Imperial is a leader in applying technology and innovation to responsibly develop Canada’s energy resources, serving as Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer, and a leading fuels marketer.
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Imperial (TSE: IMO) (NYSE American: IMO) reported a quarterly net income of $1,365 million with cash flow from operating activities of $1,311 million. The company returned over $2.7 billion to shareholders, including a 20% increase in the quarterly dividend. Upstream production reached 452,000 gross oil-equivalent barrels per day, while downstream operating performance was strong with refinery capacity utilization of 94%. The company also released its annual corporate Sustainability report, outlining its sustainability focus areas and progress.
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Exxon Mobil Corporation (NYSE:XOM) announced industry-leading 2023 earnings of $36.0 billion, $55.4 billion cash flow from operating activities, and $32.4 billion distributed to shareholders. The company achieved record annual refinery throughput, strengthened its portfolio with $4.1 billion of non-core asset divestments, and launched a new MobilTM Lithium business with the potential to supply up to one million EVs per year by 2030. Fourth-quarter earnings were $7.6 billion, or $1.91 per share assuming dilution. For the full year 2023, the company reported earnings of $36.0 billion, or $8.89 per share assuming dilution. The company plans to deliver cumulative savings totaling $15 billion through the end of 2027. ExxonMobil made progress on the plan to achieve net zero GHG emissions by 2030 and announced its new MobilTM Lithium business with plans to become a leading producer and grow U.S.-based supplies of lithium for the global battery and EV markets.
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Mobil 1 and TRD USA have announced an expansion of their motorsports partnership, with Mobil 1 becoming the primary sponsor for Toyota's NASCAR Cup Series teams and other racing series. The partnership aims to develop technology advantages, provide exclusive access to driver stories, grow the fan base, and develop the next generation of racers. Mobil 1 will sponsor several races for top drivers, including Christopher Bell, Tyler Reddick, Bubba Wallace, and John Hunter Nemechek. The partnership also extends to the TD2 program, ARCA, Late Model racing, World of Outlaws, NHRA, and IMSA WeatherTech SportsCar Championship.
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Exxon Mobil Corporation (XOM) is set to release its Q4 2023 financial results on February 2, 2024. The results will be reviewed in a live conference call by Chairman and CEO Darren Woods, CFO Kathy Mikells, and VP of Investor Relations Jennifer Driscoll. The call will be accessible via webcast or phone, and an archive replay will be available. The press release will be issued via Business Wire and will include supplemental financial data.
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Imperial Oil Limited (IMO) will host a 2023 Fourth Quarter Earnings Call on Friday, February 2, following the company’s fourth quarter earnings release. The event begins at 9 a.m. MT and will be accessible by webcast. The webcast will be available for one year on the company’s website. Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources.
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Scepter, Inc. (XOM:NYSE) has successfully launched a High Altitude Platform system with ExxonMobil to provide continuous, near real-time detection of methane emissions during daylight hours over a vast area of the Permian. The system uses Aerostar’s stratospheric balloon technology and aims to evolve into a permanent capability. Data acquired at the stratosphere is a complementary fit into a spectrum of detection capabilities operating across different layers, including satellites. The methane data generated by the system went directly into Scepter’s data analytics platform, which became operational earlier this year. This commercial regional detection capability is a foundational cornerstone to Scepter’s broader ambition of monitoring the atmosphere on a global real-time basis through the addition of satellite-based infrared sensors.
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Imperial (IMO) provides 2024 corporate guidance outlook, focusing on maximizing existing assets, reducing emissions, and delivering industry-leading returns to shareholders. The company plans to profitably grow volumes at Kearl, produce from the industry's first solvent-assisted SAGD project with Cold Lake Grand Rapids, and advance construction on Canada's largest renewable diesel facility at Strathcona refinery. Capital spending is forecast at $1.7 billion with production expected to be between 420,000 and 442,000 gross oil equivalent barrels per day in the Upstream and between 385,000 and 400,000 barrels per day in the Downstream.
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Imperial Oil Limited (IMO) has successfully purchased and canceled 19,108,280 common shares at a price of $78.50 per share, representing an aggregate purchase of $1.5 billion. This represents 3.4% of the total number of issued and outstanding shares. The offer was oversubscribed, with approximately 20% of tendered shares taken up by the company. ExxonMobil, Imperial's majority shareholder, made a proportionate tender to maintain its ownership at approximately 69.6%. The company has accepted the tendered shares and made payment through the depositary.
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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.
Exxon Mobil Corporation
NYSE:XOM
XOM Rankings
XOM Stock Data
528.81B
4.39B
0.05%
65.69%
1.03%
Oil & Gas Integrated
Petroleum Refining
United States of America
SPRING