Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As of December 31, 2020, it had approximately 22,239 net operated wells with proved reserves. The company was founded in 1870 and is based in Irving, Texas.
IPO Year:
Exchange: NYSE
Website: corporate.exxonmobil.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $127.00 → $132.00 | Buy | TD Cowen |
| 11/4/2024 | $130.00 → $127.00 | Buy | TD Cowen |
| 10/17/2024 | $124.00 | Neutral | BofA Securities |
| 10/10/2024 | $129.00 → $145.00 | Sector Perform → Sector Outperform | Scotiabank |
| 10/9/2024 | $105.00 | Neutral → Underperform | Exane BNP Paribas |
| 9/24/2024 | $119.00 → $120.00 | Buy → Neutral | Redburn Atlantic |
| 7/18/2024 | $146.00 | Outperform | Wolfe Research |
| 6/7/2024 | $146.00 → $124.00 | Buy → Hold | Truist |
| 5/15/2024 | $145.00 | Overweight | Morgan Stanley |
| 4/30/2024 | $128.00 → $135.00 | Buy | TD Cowen |
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Plans for 1 Billion Pounds Capacity per Year by 2027 $200 million investment adds new units to Beaumont and Baytown sites Processed more than 70 million pounds of plastic waste in Baytown so far with proven technology Additional advanced recycling units planned for North America, Europe, Asia ExxonMobil (NYSE:XOM) plans to invest more than $200 million to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas. The new operations are expected to start up in 2026 and can help increase advanced recycling rates and divert plastic from landfills. The company plans to build additional units to reach a global recycling capacity of 1 billion pounds per yea
Offtake agreement for up to 100,000 tons of lithium carbonate Aims to strengthen the U.S. critical mineral supply chain Contributes to domestic energy security, manufacturing, jobs and emission reductions Lithium production contingent on supportive regulatory frameworks, among other factors Exxon Mobil Corporation (NYSE:XOM) and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium will be supplied from ExxonMobil's planned project in the U.S. to LG Chem's cathode plant in Tennessee, which LG Chem expects to be the largest of its kind in the U.S. "America needs secu
Improved earnings power from enterprise-wide transformation drove industry-leading third-quarter earnings of $8.6 billion1 Achieved highest liquids production in over 40 years with 3.2 million barrels per day2 Delivered record high-value product sales volumes in Product Solutions, up 10% over prior year-to-date Returned $9.8 billion to shareholders in the quarter and increased fourth-quarter dividend to $0.99 per share Leading carbon capture and storage development; new customer agreement increases CO2 offtake under contract to 6.7 million metric tons per year, more committed volume than any other company has announced3 Exxon Mobil Corporation (NYSE:XOM): Results Summary
Exxon Mobil Corporation (NYSE:XOM) will release its third quarter 2024 financial results on Friday, November 1, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer; and Jim Chapman, Vice President, Treasurer and Investor Relations, will review the results during a live conference call at 8:30 a.m. CT. The presentation will be accessible via webcast or by calling (877) 400-0505 (Toll-free) or (786) 789-4835 (Local). Please reference passcode 3923895 to join the call. An archive replay of the call an
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi
Exxon Mobil Corporation (NYSE:XOM) today announced Dan Ammann, President, Low Carbon Solutions, will conduct a fireside chat at Barclay's 38th Annual CEO Energy-Power Conference at 8:00 a.m. ET in New York on September 5, 2024. To access the live webcast, visit link. An archived, audio portion of the webcast will be available on the ExxonMobil website approximately 24 hours after the event. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs. The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide
Delivered industry-leading second-quarter earnings of $9.2 billion1, showcasing the differentiated strengths of ExxonMobil's portfolio and its improved earnings power The Pioneer merger, which closed five months faster than similar transactions and fundamentally transforms the Upstream portfolio, contributed $0.5 billion to earnings in the first two months post-closing2 with record production, and integration and synergy benefits are exceeding expectations Also achieved record production in Guyana and heritage Permian; Upstream total net production grew 15%, or 574,000 oil-equivalent barrels per day, from the first quarter Expanded the company's value proposition by progressing
Exxon Mobil Corporation (NYSE:XOM) will release its second quarter 2024 financial results on Friday, August 2, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer, and Jim Chapman, Vice President, Treasurer and Investor Relations, will review the results during a live conference call at 7:30 a.m. CT. The presentation will be accessible via webcast or by calling (877) 400-0505 (Toll-free) or (786) 789-4828 (Local). Please reference passcode 3008702 to join the call. An archive replay of the call an
SK On seeking multiyear supply, up to 100,000 metric tons, of lithium from ExxonMobil for U.S.-based EV battery manufacturing Agreement signals demand for domestically sourced Mobil™ Lithium and marks a milestone in building out U.S. electric vehicle and battery supply chains Domestic lithium production contributes to energy security, supports U.S. manufacturing jobs and reduces carbon emissions ExxonMobil (NYSE:XOM) has signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of Mobil™ Lithium from the company's first planned
Agreement aims to advance low-carbon hydrogen market, driving toward a cleaner energy future Enables transportation of low-carbon hydrogen from ExxonMobil's facility through Air Liquide's existing pipeline network Air Liquide supplies oxygen and nitrogen needed to produce low-carbon hydrogen and ammonia Final investment decision subject to supportive government policy, necessary regulatory permits ExxonMobil (NYSE:XOM) and Air Liquide today announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil's Baytown, Texas facility. The agreement will enable transportation of low-carbon hydrogen through Air Liquide's existing pipeline n
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Craig Morford, Vice President, General Counsel and Secretary for Exxon Mobil Corporation (NYSE:XOM), has announced his retirement effective July 1, 2024. The Board of Directors has elected Jeff Taylor as Vice President, General Counsel and Secretary for the company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611622593/en/Craig Morford, Vice President, General Counsel and Secretary for Exxon Mobil Corporation (Photo: Business Wire) "Craig has been a valued member of our Corporate Leadership Team during his time as General Counsel providing his strong legal experience and counsel to advance our strategic priorities," said D
NEW YORK, May 3, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE:PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE:XOM) acquired Pioneer Natural Resources in a deal that closed today, Friday May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action C
X-Energy Reactor Company, LLC ("X-energy" or the "Company"), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Gregory J. Goff to the Company's Board of Directors (the "Board"), effective immediately. Mr. Goff currently serves on the boards of Exxon Mobil Corporation (NYSE:XOM) ("Exxon") and Avient Corporation (NYSE:AVNT) ("Avient"). Mr. Goff is also the founder and president of G&S Energy, a company focused on creating businesses in the energy sector, and GJG Development, a real estate development company. Previously, Mr. Goff served as the Executive Vice Chairman of Marathon Petroleum Corp
Fariello brings decades of experience and leadership in government affairs at FORTUNE 500 companies, including United Airlines and ExxonMobil Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Theresa Fariello to the Company's Board of Directors effective February 1, 2023. She replaces Henry Elkus, Founder and CEO of Helena, a strategic partner and Series B-1 investor in Energy Vault, upon his concurrent departure from the Board. Ms. Fariello has served as Senior Vice President of Government Affairs & Global Public Policy for United Airlines (NASDAQ:UAL) since 2017. In t
ExxonMobil said today that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022. Chapman replaces Jaime Spellings, who has elected to retire after 31 years of service with the company. "We welcome Jim Chapman to the company, and look forward to working with him. Jim brings a breadth of capital market and functional experience that we will put to good use as we continue to position ExxonMobil for a leading role through the energy transition," said Kathy Mikells, ExxonMobil senior vice president and chief financial officer. "We thank Jaime for more than three decades of service to ExxonMobil and wish him all the best in his retirement." Chapman joins
Eikon Therapeutics Inc., a California-based biotechnology company that applies advanced engineering and high-performance computing to the identification of important new medicines, today announced the appointment of Kenneth C. Frazier as an independent director effective April 1, 2022. Among the world's most admired global business leaders, Mr. Frazier is the executive chairman and former CEO of Merck (NYSE:MRK), chairman of health assurance initiatives at the venture capital firm General Catalyst, and a director of Exxon Mobil Corporation (NYSE:XOM). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220331005316/en/Kenneth C. Frazi
ExxonMobil said today that Jennifer Driscoll has been appointed vice president of investor relations, effective Feb. 7, replacing Stephen Littleton, who has elected to retire after 30 years of service. "We welcome Jennifer to ExxonMobil and will leverage her knowledge and experience to enhance our communication with shareholders," said Kathryn Mikells, senior vice president and chief financial officer. "I'd like to thank Stephen for his many contributions to the company's success during his career and wish him all the best in retirement." Driscoll joins ExxonMobil from Caterpillar, Inc., where she was director of investor relations since 2019. Previously, Driscoll held senior investor rel
NEW YORK, Dec. 09, 2021 (GLOBE NEWSWIRE) -- The Coalition United for a Responsible Exxon ("CURE" or the "Coalition") has released a "Mid-Term" report card, six months after the appointment of five new directors to the board of Exxon Mobil Corporation ("ExxonMobil" or the "Company") (NYSE:XOM). The Company has earned an overall grade of D- for failing to make tangible progress on the targets set by shareholders at the time of the May 26, 2021 annual general meeting. This first Report Card to assess ExxonMobil's progress addresses both shareholder concerns and science-based Corporate Net-Zero Standards. It combines four independent scorecards, each with a slightly different ranking meth
Andrew Swiger, senior vice president of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Sept. 1 after more than 43 years of service. The board of directors has elected Kathryn Mikells, a former executive with Diageo, United Airlines and Xerox, as senior vice president and chief financial officer, effective Aug. 9. "I'd like to thank Andy, both personally and on behalf of the board of directors, for his many years of dedicated service, and wish him all the best in his retirement," said Darren Woods, chairman and chief executive officer. "We welcome Kathy to ExxonMobil and look forward to the perspective and experience she brings as we work together to del
Improved earnings power from enterprise-wide transformation drove industry-leading third-quarter earnings of $8.6 billion1 Achieved highest liquids production in over 40 years with 3.2 million barrels per day2 Delivered record high-value product sales volumes in Product Solutions, up 10% over prior year-to-date Returned $9.8 billion to shareholders in the quarter and increased fourth-quarter dividend to $0.99 per share Leading carbon capture and storage development; new customer agreement increases CO2 offtake under contract to 6.7 million metric tons per year, more committed volume than any other company has announced3 Exxon Mobil Corporation (NYSE:XOM): Results Summary
Exxon Mobil Corporation (NYSE:XOM) will release its third quarter 2024 financial results on Friday, November 1, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer; and Jim Chapman, Vice President, Treasurer and Investor Relations, will review the results during a live conference call at 8:30 a.m. CT. The presentation will be accessible via webcast or by calling (877) 400-0505 (Toll-free) or (786) 789-4835 (Local). Please reference passcode 3923895 to join the call. An archive replay of the call an
Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi
Delivered industry-leading second-quarter earnings of $9.2 billion1, showcasing the differentiated strengths of ExxonMobil's portfolio and its improved earnings power The Pioneer merger, which closed five months faster than similar transactions and fundamentally transforms the Upstream portfolio, contributed $0.5 billion to earnings in the first two months post-closing2 with record production, and integration and synergy benefits are exceeding expectations Also achieved record production in Guyana and heritage Permian; Upstream total net production grew 15%, or 574,000 oil-equivalent barrels per day, from the first quarter Expanded the company's value proposition by progressing
Exxon Mobil Corporation (NYSE:XOM) will release its second quarter 2024 financial results on Friday, August 2, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer, and Jim Chapman, Vice President, Treasurer and Investor Relations, will review the results during a live conference call at 7:30 a.m. CT. The presentation will be accessible via webcast or by calling (877) 400-0505 (Toll-free) or (786) 789-4828 (Local). Please reference passcode 3008702 to join the call. An archive replay of the call an
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today issued the following statement in response to the decision by the U.S. Federal Trade Commission ("FTC") to clear the proposed merger with Exxon Mobil Corporation (NYSE:XOM) ("ExxonMobil") subject to a Consent Order based on allegations in a settlement Complaint directed at Mr. Sheffield: We disagree and are surprised by the FTC's Complaint saying that Mr. Sheffield's record and statements on matters of public interest should disqualify him from serving on the ExxonMobil Board of Directors. Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing. As he has for his
Generated strong first-quarter earnings of $8.2 billion and $14.7 billion of cash flow from operating activities Achieved quarterly gross production of more than 600,000 oil-equivalent barrels per day in Guyana and reached a final investment decision on the sixth major development Grew performance chemical sales volumes and delivered record first-quarter refining throughput1 while maintaining excellent turnaround performance Reduced operated methane emissions intensity by more than 60% since 20162 Investing in technology to extend our reach to new high-value, high-growth markets including advanced recycling, ProxximaTM, carbon materials and direct air capture of carbon diox
Exxon Mobil Corporation (NYSE:XOM) will release its first quarter 2024 financial results on Friday, April 26, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Chairman and Chief Executive Officer Darren Woods and Senior Vice President and Chief Financial Officer Kathy Mikells will review the results during a live conference call at 7:30 a.m. CT. The presentation will be accessible via webcast or by calling (888) 277-7112 (Toll-free) or (786)-789-4836 (Local). Please reference passcode 2098885 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financia
Delivered industry-leading 2023 earnings of $36.0 billion1, generated $55.4 billion of cash flow from operating activities and distributed $32.4 billion to shareholders Leading industry in compounded annual growth rate for earnings excl. identified items and cash flow since 2019 2 Increased Guyana and Permian production by 18% vs. 2022 and achieved record annual refinery throughput 3 Strengthened portfolio with $4.1 billion of non-core asset divestments, and two acquisitions; one that accelerates Low Carbon Solutions and one that will transform the Upstream business4 Launched new MobilTM Lithium business with the potential to supply up to one million EVs per year by 2030
Exxon Mobil Corporation (NYSE:XOM) will release its fourth quarter 2023 financial results on Friday, February 2, 2024. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com. Chairman and Chief Executive Officer Darren Woods, Senior Vice President and Chief Financial Officer Kathy Mikells, and Vice President of Investor Relations Jennifer Driscoll will review the results during a live conference call at 7:30 a.m. CT. The presentation will be accessible via webcast or by calling (888) 516-2433 (Toll-free) or (929) 477-0431 (Local). Please reference passcode 6192047 to join the call. An archive replay of the call and a copy
TD Cowen reiterated coverage of Exxon Mobil with a rating of Buy and set a new price target of $132.00 from $127.00 previously
TD Cowen reiterated coverage of Exxon Mobil with a rating of Buy and set a new price target of $127.00 from $130.00 previously
BofA Securities resumed coverage of Exxon Mobil with a rating of Neutral and set a new price target of $124.00
Scotiabank upgraded Exxon Mobil from Sector Perform to Sector Outperform and set a new price target of $145.00 from $129.00 previously
Exane BNP Paribas downgraded Exxon Mobil from Neutral to Underperform and set a new price target of $105.00
Redburn Atlantic downgraded Exxon Mobil from Buy to Neutral and set a new price target of $120.00 from $119.00 previously
Wolfe Research resumed coverage of Exxon Mobil with a rating of Outperform and set a new price target of $146.00
Truist downgraded Exxon Mobil from Buy to Hold and set a new price target of $124.00 from $146.00 previously
Morgan Stanley resumed coverage of Exxon Mobil with a rating of Overweight and set a new price target of $145.00
TD Cowen reiterated coverage of Exxon Mobil with a rating of Buy and set a new price target of $135.00 from $128.00 previously
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Director Dreyfus Maria S. bought $2,000,386 worth of shares (18,310 units at $109.25), increasing direct ownership by 105% to 35,757 units (SEC Form 4) on June 20, 2024. This substantial insider purchase is a significant development for Exxon Mobil Corporation. As we delve into the recent insider activity at Exxon Mobil, we notice a few interesting patterns. Prior to Dreyfus Maria S.'s purchase, we observed that on January 4, 2024, Ubben Jeffrey W. granted 2,500 shares, which could signal confidence in the company. On the same day, Powell Dina H. claimed no ownership of stock but was granted 8,000 shares, indicating a new ownership stake. These events suggest a mix of adjustments in holding
- Reuters
Truist Securities analyst Neal Dingmann maintains Exxon Mobil (NYSE:XOM) with a Hold and lowers the price target from $124 to $121.
Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. As California attorney general, Harris filed lawsuits against fossil fuel companies, supported reducing greenhouse gas emissions, and pushed for a ban on fracking, according to Offshore Technology. Harris has also been critical of offshore oil exploration and defended California's Low Carbon Fuel Standard. This potential shift in the political landscape has investors worried, with oil majors seeing declines on Monday. Oil Stocks Feeling The Heat At the time of
Exxon Mobil Corp. (NYSE:XOM) shares are trading lower in premarket on Friday. The energy giant has finalized a deal to sell its Malaysian oil and gas assets to state energy firm Petronas, marking its exit from the country’s upstream sector where it once held a dominant position. Exxon’s move to divest its Malaysian assets reflects a broader strategic shift towards focusing on its more lucrative operations in the Americas., Reuters reported. Petronas has assumed the operations of Exxon's assets, including the Tapis oilfield in Terengganu, which started production in 1978. As part of the deal, Exxon’s staff will transfer to Petronas. The specifics of the deal were not disclosed.
Wolfe Research analyst Doug Leggate reinstates Exxon Mobil (NYSE:XOM) with a Outperform.
- Reuters
Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil (NYSE:XOM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 33 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 45% leaning bullish and 39% bearish. Among these notable options, 3
Bernstein analyst Bob Brackett maintains Exxon Mobil (NYSE:XOM) with a Outperform and lowers the price target from $139 to $138.
Exxon Mobil Corporation (NYSE:XOM) reportedly shut down its 251,800 barrels per day Joliet, Illinois refinery on Monday due to a power outage caused by a storm. The refinery shutdown occurred due to severe weather conditions involving heavy wind and rain on Monday night, reported Reuters. The Joliet refinery primarily processes Canadian crude oil and has a production capacity of approximately 9 million gallons per day of gasoline and diesel. The report quoted one of the sources stating, “Situations like this take time to recover as they will have to see if the sudden shutdown did damage to any of the units.” Yesterday, Exxon Mobil stated its plans to drill up to 30 wells for its
- SEC Filing