Exxon Mobil Stock Price, News & Analysis

ExxonMobil (NYSE: XOM) and Marubeni Corporation have signed a long-term agreement for supplying 250,000 tonnes of low-carbon ammonia annually from ExxonMobil's Baytown, Texas facility. The facility, expected to be the world's largest of its kind, will produce up to 1 billion cubic feet of low-carbon hydrogen daily and over 1 million tons of low-carbon ammonia yearly, with approximately 98% CO2 removal.

Marubeni will acquire an equity stake in the facility and supply the ammonia primarily to Kobe Power Plant. The final investment decision is expected in 2025, subject to government policy and regulatory permits. The deal aims to support Japan's decarbonization goals, particularly in power generation and hard-to-abate sectors like steel manufacturing, chemicals, and transportation.

Imperial Oil (TSE: IMO, NYSE American: IMO) has declared a quarterly dividend of 72 cents per share for the second quarter of 2025, maintaining the same level as the first quarter. The dividend will be payable on July 1, 2025, to shareholders of record as of June 4, 2025.

As Canada's largest petroleum refiner, Imperial has an impressive track record of paying dividends for over 100 years and has increased its annual dividend payment for 30 consecutive years. The company maintains its position as a leading crude oil producer, petrochemical manufacturer, and coast-to-coast fuels marketer in Canada.

Imperial reported strong Q1 2025 financial results with net income of $1,288 million ($2.52 per share), up from $1,195 million in Q1 2024. Cash flows from operating activities were $1,527 million. The company's upstream production averaged 418,000 gross oil-equivalent barrels per day, with Kearl production at 256,000 barrels per day and Cold Lake at 154,000 barrels per day. Downstream operations achieved 91% refinery utilization with throughput of 397,000 barrels per day. Imperial returned $307 million to shareholders through dividends and declared a Q2 dividend of $0.72 per share. The company announced a leadership transition, with John Whelan set to succeed Brad Corson as chairman and CEO on May 8, 2025. Construction of Canada's largest renewable diesel facility at Strathcona refinery remains on track for mid-2025 startup.

ExxonMobil (XOM) reported Q1 2025 earnings of $7.7 billion ($1.76 per share), generating $13.0 billion in operating cash flow and $8.8 billion in free cash flow. The company delivered strong shareholder returns, distributing $9.1 billion through $4.3 billion in dividends and $4.8 billion in share repurchases. Notable operational highlights include the commencement of the China Chemical Complex and second Advanced Recycling Unit in Baytown. The company achieved $12.7 billion in cumulative structural cost savings versus 2019. Production increased 20% to 4.6 million oil-equivalent barrels per day, primarily driven by Permian growth from the Pioneer acquisition. The company maintained a strong balance sheet with industry-leading debt-to-capital ratio of 12% and period-end cash balance of $18.5 billion.

ExxonMobil (NYSE: XOM) has announced a significant agreement with Calpine to transport and permanently store up to 2 million metric tons per year of CO2 from Calpine's Baytown Energy Center near Houston. This marks ExxonMobil's sixth CCS customer, bringing their total CO2 under contract to ~16 MTA.

The project, part of Calpine's Baytown Carbon Capture and Storage (CCS) Project, will enable the production of approximately 500 megawatts of low-carbon electricity, sufficient to power over 500,000 homes, while providing steam to nearby industrial facilities. The captured CO2 will be integrated into ExxonMobil's existing CO2 pipeline system along the U.S. Gulf Coast.

The project is currently in development with engineering, permitting, and other activities underway. Final advancement remains subject to supportive government policy, customer power sales agreements, and regulatory permits.

ExxonMobil (NYSE: XOM) has announced it will release its first quarter 2025 financial results on Friday, May 2, 2025. The press release will be available at 5:30 a.m. CT through Business Wire and on the company's investor website.

A live conference call will be held at 8:30 a.m. CT, featuring Chairman and CEO Darren Woods, CFO Kathy Mikells, and VP of Investor Relations Jim Chapman. Investors can access the presentation via webcast or by calling the provided toll-free and local numbers.

Imperial Oil (TSE: IMO, NYSE American: IMO) has announced it will host its 2025 First Quarter Earnings Call on Friday, May 2, following the morning's earnings release. The event will begin at 9 a.m. MT and will be accessible via webcast.

Chairman and CEO Brad Corson, along with President John Whelan and VP of Investor Relations Peter Shaw, will lead the call. Corson will provide opening remarks before taking questions from covering analysts. The webcast recording will remain available for one year on Imperial's website.

Alternative access to the earnings information will be available through Imperial's website and Canada's SEDAR+ system if technical difficulties arise with the EDGAR filing system.

Imperial Oil (TSE: IMO, NYSE American: IMO) has announced its upcoming 2025 Investor Day, scheduled for Thursday, April 17, 2025, starting at 9 a.m. EST. The event will be hosted by key executives including Brad Corson (chairman and CEO), John Whelan (president), and Peter Shaw (vice-president, investor relations).

The presentation will feature updates on company operations and business strategy, followed by a Q&A session. The event will be accessible via webcast, with the recording remaining available for one year on Imperial's website. Imperial maintains its position as Canada's largest petroleum refiner and a major crude oil producer, with significant operations in petrochemicals and coast-to-coast fuel marketing.

ExxonMobil (NYSE: XOM) announced a significant leadership transition as Karen T. McKee, president of ExxonMobil Product Solutions Company and vice president of Exxon Mobil , will retire effective May 1, 2025 after 34 years of service.

The Board of Directors has appointed Matt Crocker as her successor, taking on the roles of president of ExxonMobil Product Solutions Company and vice president of Exxon Mobil Crocker, who currently serves as President of Global Business Solutions since 2023, joined the company in 1995 at the Fawley Refinery in the UK.

Throughout his career, Crocker has held various senior leadership positions across ExxonMobil's Low Carbon Solutions, Product Solutions, and Upstream businesses, including operational roles at Baytown, Baton Rouge, and Fawley facilities.