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.
On October 16, 2026, Brent crude oil prices surged past $110 a barrel, reaching their highest level since May, driven by geopolitical tensions from the U.S. and Israel's attack on Iran and disruptions in the Strait of Hormuz. This spike boosted energ...
Goldman Sachs analyst Neil Mehta set a $169 price target for Exxon Mobil, suggesting a 4.7% downside from its then $177.30 share price. Exxon Mobil reported that higher refining margins added $4.5 billion to its third-quarter earnings, helping offset...
Adams Natural Resources Fund reported a 34.4% total return on net asset value for the first nine months of 2026, closely tracking its benchmark composed of 80% S&P 500 Energy Sector and 20% S&P 500 Materials Sector, which returned 34.0%. The fund's m...
The State Street Energy Select Sector SPDR ETF (XLE) has surged 50% year-to-date, driven by high energy prices due to ongoing disruptions in the Strait of Hormuz and strong global demand. Despite this rise, top holdings like ExxonMobil (XOM) and Chev...
ExxonMobil is expected to report strong Q3 earnings supported by high crude prices and favorable refining conditions. Growth in Permian production, Guyana's offshore capacity, and LNG expansion may offset potential declines in commodity prices. The c...
