Exxon Mobil is close to returning to Venezuela's oil sector nearly two decades after its assets were nationalized by Hugo Chavez. The company is negotiating investments in oil fields in the Orinoco Belt, which have large geological oil estimates but no confirmed production or booked reserves yet. This move comes amid other deals like Continental Resources' preliminary agreement with Venezuela's state oil company. Despite optimistic reserve figures cited in various reports, these deals face significant political risks and years of development before oil production can begin. Exxon’s stock showed little immediate reaction, reflecting cautious investor sentiment given Venezuela’s history of expropriation and ongoing legal disputes.
Exxon Mobil shares are trading at USD 162.46 on Pluang as of Sep 18, 2026 00:01 WIB, showing a slight 0.54% decline in the past day. The stock's market capitalization stands at $671.56 billion, reflecting its large scale despite cautious investor sentiment. Pluang data also shows a typical holding period of 98 days and a dividend yield of 2.52%, indicating steady interest among retail investors.
The US Supreme Court began its new term by hearing ExxonMobil and Suncor Energy's appeal to stop a Colorado lawsuit seeking damages for climate change harms. Boulder accuses the companies of violating state law by contributing to global greenhouse ga...
Despite claims by a fund manager that energy stocks lag the broader market, Chevron and ExxonMobil have outperformed the S&P 500 over the past year, gaining roughly 33-34% compared to the S&P 500's 13%. Both companies trade at about 15 times next yea...
ExxonMobil is expected to announce its 45th consecutive year of dividend growth in October, with a predicted increase between 4.4% and 5.8%. This dividend boost is driven by the company's strong financial recovery, including a 26% rise in GAAP earnin...
ExxonMobil is expected to see a significant profit increase in Q3 due to rising crude oil prices and ongoing geopolitical tensions in the Strait of Hormuz. The company’s free cash flow could reach around $20 billion, supported by positive earnings re...
Four major oil companies—Exxon Mobil, Chevron, BP, and Occidental Petroleum—pay dividends, but their ability to maintain payouts varies with crude oil prices. Exxon and Chevron have the strongest balance sheets, covering dividends with free cash flow...
