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 19 analysts, the average rating for XOM stock is "Buy." The 12-month stock price forecast is $133.06, which is an increase of 15.75% from the latest price.
Price Target
$133.06
(15.75% upside)
Analyst Consensus: Buy
Stock Forecasts
News
While The Tech Sector Corrects, Energy Quietly Rises: 5 Stocks For Your Watch List
Over the past five days, the S&P 500 index dipped by 0.17%. The technology sector, represented by the SPDR Select Sector Fund – Technology XLK, declined by 2.23%.
Other symbols: BKREOGFANGMRO
4 days ago - Benzinga
US Senate committee probes 18 oil producers on price collusion with OPEC
The U.S. Senate budget committee on Thursday launched a probe of 18 domestic oil producers about any efforts to illegally coordinate oil prices with the Organization of the Petroleum Exporting Countri...
Other symbols: COPCVX
4 days ago - Reuters
BP, ExxonMobil Provide A Contrast In Energy Transition Strategies
Reuters reports that new BP CEO Murray Auchincloss announced this week that his company will impose a hiring freeze and pause investments in new wind energy projects in an effort to make the UK-based ...
Other symbols: BP
4 days ago - Forbes
3 Stocks To Buy As Oil Prices Collapse, OPEC Panics
The numbers are in, and they do all the talking.
Other symbols: KMIOXY
5 days ago - Benzinga
Guyana selects former Exxon exec's firm to engage with Exxon in gas project
A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Min...
6 days ago - Reuters
Exxon, South Korea's SK On sign non-binding deal for lithium supply
U.S. energy major Exxon Mobil said on Tuesday it had signed a non-binding agreement to supply lithium from its proposed Arkansas project to South Korean EV battery maker SK On.
6 days ago - Reuters
ExxonMobil and EV battery maker SK On sign MOU regarding U.S. produced Mobil™ Lithium
SPRING, Texas--(BUSINESS WIRE)--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 d...
6 days ago - Business Wire
Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's
Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger t...
Other symbols: NVDA
6 days ago - Reuters
Exxon Mobil and Air Liquide agree to support production of low-carbon hydrogen
Exxon Mobil and Air Liquide have agreed to support the production of low-carbon hydrogen and ammonia at the oil major's facility in Baytown, Texas, the companies said on Monday.
7 days ago - Reuters
ExxonMobil Adds Air Liquide to World's Largest Low-Carbon Hydrogen Project
SPRING, Texas--(BUSINESS WIRE)--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, Tex...
7 days ago - Business Wire
Striking French workers block delivery trucks at ExxonMobil refinery
Striking workers blocked delivery trucks carrying oil products, including petrol, from leaving the ExxonMobil Chemical France's Port-Jerome-Gravenchon refinery in northern France on Friday.
10 days ago - Reuters
Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled
A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon...
Other symbols: CVXHES
11 days ago - Reuters
Judge tosses Exxon lawsuit against activist shareholder Arjuna: Here's what's next for the company
Former SEC Chairman Jay Clayton joins 'Squawk Box' to discuss news of a judge ending Exxon Mobil's lawsuit against activist shareholder Arjuna over climate proposal, what's next for the company, and m...
11 days ago - CNBC Television
Acquisition Premiums Return To The Oil Patch
The shale industry is showing signs of maturity. Some acquisition trends appear to be burgeoning, such as acquisition premiums, more debt, and looser hedging requirements.
Other symbols: CVXSBOWHES
12 days ago - Forbes
QatarEnergy, Exxon seek to remove contractor from Texas gas project
Owners of a $10-billion liquefied natural gas (LNG) project that has stalled with the bankruptcy of its main contractor are asking a court to immediately oust Zachry Industrial from the project, a cou...
12 days ago - Reuters
Top 3 Energy Stocks Which Could Rescue Your Portfolio In June
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Other symbols: DKNBR
13 days ago - Benzinga
Judge tosses Exxon Mobil lawsuit against activist shareholder Arjuna over climate proposal
A federal judge in Texas dismissed Exxon Mobil's controversial lawsuit against Arjuna Capital over a climate proposal.
14 days ago - CNBC
US judge dismisses Exxon case against activist investor over proxy filing
A U.S. judge on Monday dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company's annual meetings.
14 days ago - Reuters
Nigeria's Seplat says NNPC has withdrawn challenge to $1.3 bln Exxon deal
Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil's Nigerian shallow water oil assets, it said on Friday after being notified that NNPC had halted a legal cha...
17 days ago - Reuters
Commodity Stocks Caught Fire. Now, It's Time to Get Out.
Investors have gotten ahead of themselves. These names have big gains, then big losses.
Other symbols: CVXFCXSCCOXLE
18 days ago - Barrons
These 4 S&P 500 stocks are helping to tame U.S. market volatility
Far from being a source of concern, the U.S. stock market's extremely low volatility is something to celebrate. The CBOE Volatility Index VIX, or VIX, which is a measure of the S&P 500's SPX expected ...
Other symbols: JPMLLY
18 days ago - Market Watch
Craig Morford to Retire as Vice President, General Counsel and Secretary; Jeff Taylor Elected as Vice President, General Counsel and Secretary
SPRING, Texas--(BUSINESS WIRE)--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 ...
19 days ago - Business Wire
Exxon Mobil's stock could fall behind its peers — so stop buying, analyst says
Shares of Exxon Mobil Corp. fell Friday, as Truist Securities backed away from its bullish call, citing a number of concerns, such as the belief that the oil giant's free-cash-flow yield will trail th...
24 days ago - Market Watch
Technip Energies and Turner Industries Awarded Contract by ExxonMobil for Louisiana Carbon Capture and Sequestration Project
Technip Energies (PARIS:TE), in consortium with Turner Industries, has been awarded the Engineering, Procurement, and Construction (EPC) contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC...
25 days ago - GlobeNewsWire
Vanguard says it backed Exxon board, but cites investor rights concerns
Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited lingering concerns about the energy company's lawsuit again...
26 days ago - Reuters
