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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Exxon Mobil Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Exxon Mobil Corporation's position in the market.
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Imperial (TSE: IMO) (NYSE American: IMO) reported a quarterly net income of $1,365 million with cash flow from operating activities of $1,311 million. The company returned over $2.7 billion to shareholders, including a 20% increase in the quarterly dividend. Upstream production reached 452,000 gross oil-equivalent barrels per day, while downstream operating performance was strong with refinery capacity utilization of 94%. The company also released its annual corporate Sustainability report, outlining its sustainability focus areas and progress.
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Exxon Mobil Corporation (NYSE:XOM) announced industry-leading 2023 earnings of $36.0 billion, $55.4 billion cash flow from operating activities, and $32.4 billion distributed to shareholders. The company achieved record annual refinery throughput, strengthened its portfolio with $4.1 billion of non-core asset divestments, and launched a new MobilTM Lithium business with the potential to supply up to one million EVs per year by 2030. Fourth-quarter earnings were $7.6 billion, or $1.91 per share assuming dilution. For the full year 2023, the company reported earnings of $36.0 billion, or $8.89 per share assuming dilution. The company plans to deliver cumulative savings totaling $15 billion through the end of 2027. ExxonMobil made progress on the plan to achieve net zero GHG emissions by 2030 and announced its new MobilTM Lithium business with plans to become a leading producer and grow U.S.-based supplies of lithium for the global battery and EV markets.
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Mobil 1 and TRD USA have announced an expansion of their motorsports partnership, with Mobil 1 becoming the primary sponsor for Toyota's NASCAR Cup Series teams and other racing series. The partnership aims to develop technology advantages, provide exclusive access to driver stories, grow the fan base, and develop the next generation of racers. Mobil 1 will sponsor several races for top drivers, including Christopher Bell, Tyler Reddick, Bubba Wallace, and John Hunter Nemechek. The partnership also extends to the TD2 program, ARCA, Late Model racing, World of Outlaws, NHRA, and IMSA WeatherTech SportsCar Championship.
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Exxon Mobil Corporation (XOM) is set to release its Q4 2023 financial results on February 2, 2024. The results will be reviewed in a live conference call by Chairman and CEO Darren Woods, CFO Kathy Mikells, and VP of Investor Relations Jennifer Driscoll. The call will be accessible via webcast or phone, and an archive replay will be available. The press release will be issued via Business Wire and will include supplemental financial data.
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Imperial Oil Limited (IMO) will host a 2023 Fourth Quarter Earnings Call on Friday, February 2, following the company’s fourth quarter earnings release. The event begins at 9 a.m. MT and will be accessible by webcast. The webcast will be available for one year on the company’s website. Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources.
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Scepter, Inc. (XOM:NYSE) has successfully launched a High Altitude Platform system with ExxonMobil to provide continuous, near real-time detection of methane emissions during daylight hours over a vast area of the Permian. The system uses Aerostar’s stratospheric balloon technology and aims to evolve into a permanent capability. Data acquired at the stratosphere is a complementary fit into a spectrum of detection capabilities operating across different layers, including satellites. The methane data generated by the system went directly into Scepter’s data analytics platform, which became operational earlier this year. This commercial regional detection capability is a foundational cornerstone to Scepter’s broader ambition of monitoring the atmosphere on a global real-time basis through the addition of satellite-based infrared sensors.
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Imperial (IMO) provides 2024 corporate guidance outlook, focusing on maximizing existing assets, reducing emissions, and delivering industry-leading returns to shareholders. The company plans to profitably grow volumes at Kearl, produce from the industry's first solvent-assisted SAGD project with Cold Lake Grand Rapids, and advance construction on Canada's largest renewable diesel facility at Strathcona refinery. Capital spending is forecast at $1.7 billion with production expected to be between 420,000 and 442,000 gross oil equivalent barrels per day in the Upstream and between 385,000 and 400,000 barrels per day in the Downstream.
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Imperial Oil Limited (IMO) has successfully purchased and canceled 19,108,280 common shares at a price of $78.50 per share, representing an aggregate purchase of $1.5 billion. This represents 3.4% of the total number of issued and outstanding shares. The offer was oversubscribed, with approximately 20% of tendered shares taken up by the company. ExxonMobil, Imperial's majority shareholder, made a proportionate tender to maintain its ownership at approximately 69.6%. The company has accepted the tendered shares and made payment through the depositary.
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Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced a substantial issuer bid to purchase for cancellation up to $1.5 billion of its common shares. The Offer had a tender price range from $78.50 to $94.00 per Share and was oversubscribed, resulting in the purchase of approximately $1.5 billion and 3.4 percent of the total number of issued shares. Exxon Mobil Corporation, Imperial’s majority shareholder, made a proportionate tender under the Offer and will maintain its proportionate Share ownership at approximately 69.6 percent following completion of the Offer.
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ExxonMobil (XOM) expects to deliver around $14 billion of further earnings and cash flow growth potential over the next four years. The company anticipates capital investments to generate average returns of approximately 30%, with payback periods of less than 10 years for over 90% of the capex. ExxonMobil is pursuing over $20 billion in lower emissions opportunities, up $3 billion, and has generated $9 billion in structural cost savings with $6 billion more expected by 2027. The company is increasing the pace of share repurchases to $20 billion per year from the Pioneer close through 2025, assuming reasonable market conditions.
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Exxon Mobil Corporation
NYSE:XOM
XOM Rankings
XOM Stock Data
536.70B
3.96B
0.05%
63%
2.64%
Petroleum Refineries
Manufacturing
United States of America
SPRING
About XOM
ExxonMobil Corporation is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefellers Standard Oil.