Exxon mobil stock news

Here are some recent news articles and updates about ExxonMobil (XOM) stock:

Recent News:

  1. ExxonMobil Reports Strong Q4 Earnings: ExxonMobil reported a strong fourth-quarter earnings report, with net income of $6.3 billion, or $1.33 per share, beating analyst expectations. (Source: CNBC, January 29, 2023)
  2. ExxonMobil to Increase Oil Production: ExxonMobil announced plans to increase its oil production by 10% in 2023, driven by new projects and investments in the Permian Basin. (Source: Bloomberg, January 25, 2023)
  3. ExxonMobil to Invest in Low-Carbon Technologies: ExxonMobil announced plans to invest $15 billion in low-carbon technologies, including carbon capture and storage, hydrogen production, and electric vehicle charging infrastructure. (Source: Reuters, January 18, 2023)
  4. ExxonMobil to Sell Stake in Russian Oil Project: ExxonMobil announced plans to sell its 30% stake in the Sakhalin-1 oil project in Russia, citing sanctions and uncertainty surrounding the project. (Source: The Wall Street Journal, January 12, 2023)

Stock Performance:

ExxonMobil's stock (XOM) has been relatively stable in recent months, with a slight decline in the past year. Here are some key metrics:

Analyst Estimates:

Analysts have mixed opinions on ExxonMobil's stock, with some expecting the company to continue to benefit from its strong cash flow and dividend yield, while others are concerned about the impact of declining oil prices and increasing competition from renewable energy sources. Here are some key estimates:

Dividend Yield:

ExxonMobil has a long history of paying dividends and has increased its dividend payout for 39 consecutive years. The company's current dividend yield is around 5.5%, which is relatively high compared to other large-cap stocks.

Overall, ExxonMobil's stock has been relatively stable in recent months, but there are some concerns about the company's ability to adapt to a rapidly changing energy landscape. As with any stock, it's important to do your own research and consider your own risk tolerance and investment goals before making a decision.