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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Exxon Mobil Corporation has completed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion. Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. This acquisition strengthens ExxonMobil's Low Carbon Solutions business and expands its low-carbon leadership. ExxonMobil now owns the largest CO2 pipeline network in the U.S. and has access to strategic CO2 storage sites. The acquisition also includes Gulf Coast and Rocky Mountain oil and natural gas operations.
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Denbury stockholders approve merger with ExxonMobil. The merger agreement states that ExxonMobil will acquire all outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. Over 75% of total shares outstanding and 99% of shares voted supported the merger. The transaction is expected to close on November 2, 2023.
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Imperial Oil Limited has announced a substantial issuer bid to purchase up to $1.5 billion of its common shares. The offer will proceed through a modified Dutch auction with a tender price range of $78.50 to $94.00 per share. The offer is expected to commence on November 3, 2023, and remain open until December 8, 2023. Exxon Mobil Corporation, Imperial's majority shareholder, will make a proportionate tender to maintain its ownership at approximately 69.6%.
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Imperial Oil Limited has announced a substantial issuer bid to purchase up to $1.5 billion of its common shares. The offer will commence in the next two weeks and be completed before the end of December 2023. ExxonMobil intends to make a proportionate tender to maintain its ownership at approximately 69.6 percent.
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Imperial Oil Limited declares a quarterly dividend of 50 cents per share, payable on January 1, 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.
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Imperial reported strong financial results in the third quarter, with a net income of $1,601 million and cash flow from operating activities of $2,359 million. Upstream production averaged 423,000 gross oil-equivalent barrels per day, with record production at Kearl. Downstream operations performed well with refinery capacity utilization of 96%. The company returned over $3.4 billion to shareholders and plans to initiate a substantial issuer bid to return up to $1.5 billion in the fourth quarter. Imperial also released its Advancing Climate Solutions report, highlighting its commitment to reducing greenhouse gas emissions.
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Exxon Mobil Corporation reported strong third-quarter earnings of $9.1 billion, or $2.25 per share. They generated $16.0 billion of operating cash flow and increased cash balance by $3.4 billion. The company delivered the best-ever third-quarter global refinery throughput at 4.2 million barrels per day. They returned $8.1 billion to shareholders in the quarter and increased the fourth-quarter dividend to $0.95 per share. Exxon Mobil also announced a merger with Pioneer Natural Resources.
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Mobil 1 partners with Steer to improve auto repair experience for shop owners and customers nationwide
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Imperial Oil to host Q3 earnings call on October 27
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ExxonMobil to release Q3 2023 financial results on October 27th
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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 $106.93 as of January 8, 2025.
What is the market cap of Exxon Mobil Corporation (XOM)?
The market cap of Exxon Mobil Corporation (XOM) is approximately 478.0B.
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
477.97B
4.39B
0.06%
65.5%
1.03%
Oil & Gas Integrated
Petroleum Refining
United States of America
SPRING