About XOM
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products segment offers fuels, aromatics, and catalysts, as well as licensing services. It sells its products under the Exxon, Esso, and Mobil brands. The Chemical Products segment manufactures and markets petrochemicals includin... [Read more]
Industry
Sector Energy
Founded 1870
Employees 61,500
Stock Exchange NYSE
Ticker Symbol XOM
Full Company Profile
Financial Performance
In 2023, Exxon Mobil's revenue was $344.58 billion, a decrease of -16.70% compared to the previous year's $413.68 billion. Earnings were $36.01 billion, a decrease of -35.40%.
Financial Statements
Analyst Forecast
According to 18 analysts, the average rating for XOM stock is "Buy." The 12-month stock price forecast is $127.31, which is an increase of 17.47% from the latest price.
Price Target
$127.31
(17.47% upside)
Analyst Consensus: Buy
Stock Forecasts
News
Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute
Exxon filed for arbitration to defend what the oil major views as its right to make a counter offer for Hess' Guyana assets under a joint operating agreement.
Other symbols: CVXHES
2 days ago - CNBC
Chevron's $53 Billion Deal to Acquire Hess Under Renewed Pressure From Exxon
Exxon Senior Vice President Neil Chapman told a Morgan Stanley conference on Wednesday, that the company has filed arbitration with the International Chamber of Commerce.
Other symbols: CVXHES
3 days ago - Barrons
Exxon could make a bid for Hess' oil assets in Guyana if Chevron deal terminates
Exxon filed for arbitration at the International Chamber of Commerce in Paris Wednesday to adjudicate the dispute with Chevron over Hess' Guyana assets.
Other symbols: CVXHES
3 days ago - CNBC
Exxon Files for Arbitration Over Chevron's Deal for Hess
Dispute involving a stake in an oil project in Guyana intensifies, threatening to scuttle Chevron's $53 billion deal to buy Hess.
Other symbols: CVXHES
3 days ago - WSJ
Exxon signals potential counter offer for Hess's Guyana assets
Exxon Mobil Corp on Wednesday said it filed a contract arbitration disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the as...
Other symbols: HES
3 days ago - Reuters
Top four dividend stocks to watch now in March 2024
Investing in known dividend stocks means potentially reaping a generous passive income in dividends regularly. What are dividend stocks?
Other symbols: JNJSMFGWFC
4 days ago - Invezz
Exclusive: Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say
Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy's biggest liquefied natural gas import terminal from Exxon Mobil and QatarEnergy, two sources with knowledge of...
5 days ago - Reuters
ExxonMobil to Speak at Morgan Stanley's Energy & Power Conference
SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM)today announced Neil Chapman, senior vice president, will conduct a fireside chat at Morgan Stanley's Energy & Power Conference at 1...
5 days ago - Business Wire
Exxon to finish Beaumont, Texas hydrocracker work by end of March, sources say
Exxon Mobil Corp plans to finish an overhaul of the hydrocracker at its 619,024 barrel-per-day (bpd) Beaumont, Texas refinery by the end of March, said people familiar with plant operations on Monday.
5 days ago - Reuters
Fury after Exxon chief says public to blame for climate failures
Darren Woods tells Fortune consumers not willing to pay for clean-energy transition, prompting backlash from climate experts
6 days ago - The Guardian
ExxonMobil, Shell to work with Singapore on carbon capture and storage project
Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday.
Other symbols: SHEL
9 days ago - Reuters
ExxonMobil Protecting Its Contractual Rights In Dust-Up Over Hess
Chevron announced its acquisition of Hess HES five months ago. Now, Chevron CVX announces that the deal may fall apart because the crown jewel of Hess' properties, its minority stake in an offshore Gu...
Other symbols: HES
9 days ago - Forbes
Exxon to trim trader salaries in latest pay overhaul, Bloomberg reports
Exxon is planning to cut some traders' salaries as part of a pay overhaul that will include performance bonuses at the end of the year and long-term incentives, Bloomberg News reported on Thursday, ci...
9 days ago - Reuters
Guyana not against Exxon acquiring Hess shares, vice president says
Guyana's vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between Exxon Mobil Corp , Chevron Corp and Hess Corp regarding participation i...
Other symbols: HES
10 days ago - Reuters
Exxon's curveball move in Guyana alters Chevron-Hess deal prospects
Exxon Mobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enl...
Other symbols: CVXHES
11 days ago - Reuters
Chevron-Hess deal could face possible challenge from Exxon
Chevron (CVX) could be facing challenges from Exxon Mobil (XOM) and CNOOC Limited (0883.HK) in the oil producer's acquisition of Hess (HES). Exxon and CNOOC are considering demonstrating their preempt...
Other symbols: CVXHES
12 days ago - Yahoo Finance
Hess shares drop as fight with Exxon Mobil over Guyana oil threatens Chevron takeover
Chevron warned investors that Exxon and Cnooc are claiming a right to purchase Hess's stake in Guyana's offshore oil assets under a joint operating agreement.
Other symbols: CVXHES
12 days ago - CNBC
NY Comptroller on Exxon divestment: We are taking the position that climate change is a risk
New York Comptroller Tom DiNapoli joins 'Squawk Box' to discuss the state's pension fund cutting some of its investments in energy companies, why he's divesting from companies including Exxon that are...
12 days ago - CNBC Television
Croft: Guyana has been a big driver of supply in the oil market, and is hugely important to Exxon
RBC Capital's Helima Croft discusses the global importance of a giant oil block in Guyana, that's prompting a corporate dispute between Chevron and Exxon Mobil, and stoking geopolitical tensions.
12 days ago - CNBC Television
Chevron Warns $53 Billion Hess Deal May Be at Risk After Exxon Challenge
If the deal falls through, it would be a setback to Chevron, which has recently underperformed rivals and was hoping to get a boost from Hess's 30% stake in the offshore project in South America.
Other symbols: CVXHES
12 days ago - Barrons
Chevron, Exxon in dispute over Hess stake in Guyana oil block
Chevron Corp on Monday said it is in talks with Exxon Mobil Corp and China's CNOOC over whether the two have a right of first refusal to acquire Hess Corp.'s stake in the Stabroek oil block in Guyana.
Other symbols: CVXHES
12 days ago - Reuters
Exxon Throws a Wrench in Chevron's $53 Billion Deal for Hess
The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off of Guyana's coast.
Other symbols: CVXHES
12 days ago - WSJ
What's Fueling Climate Lawsuits Against BP, Chevron, ConocoPhillips, ExxonMobil And Shell?
The city of Chicago is the latest to file a climate lawsuit against BP, Chevron CVX , ConocoPhillips COP , ExxonMobil and Shell, alleging that the companies hid information regarding climate change fr...
Other symbols: BPCOPCVXSHEL
15 days ago - Forbes
ExxonMobil weighs offers for Argentina shale assets - source
U.S. energy giant ExxonMobil Corp is weighing offers for its oil and gas assets in Argentina's Vaca Muerta shale region, a source familiar with the plan said on Friday, adding there was no time frame ...
15 days ago - Reuters
Exxon explores $1 bln sale of Argentina shale assets, Bloomberg reports
U.S. energy major Exxon Mobil is considering bids for its Argentine shale assets, Bloomberg News reported on Friday, citing people familiar with the matter.
15 days ago - Reuters
