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Exxon rebounds with strong profits and growth after a tough decade, boosted by strategic deals and rising oil prices.

Market News
07 Jun 2026
24/7 Wall Street
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Bullish
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Exxon Mobil transformed under CEO Darren Woods starting in 2018, focusing on cost cuts and advantaged assets. Despite a pandemic-driven slump and removal from the Dow in 2020, Exxon surged with record profits in 2022 due to rising oil prices and strategic acquisitions like Pioneer Natural Resources in 2024. By 2025, production hit a record 4.7 million barrels per day, with advantaged assets making up 59% of output. While Exxon underperformed the S&P 500 over 10 years, recent years show strong returns and dividend growth, making it attractive if oil prices remain high and cost savings continue.

More News (XOM)

Growth and value ETFs QGRO and VALQ update holdings with key shifts in tech and energy stocks.

Growth and value ETFs QGRO and VALQ update holdings with key shifts in tech and energy stocks.

The American Century U.S. Quality Growth ETF (QGRO) and Quality Value ETF (VALQ) recently completed their index rebalances, adjusting stock weights to reflect market trends. Notable changes include increased weights for Apple, Qualcomm, and Cisco in ...

Market News
Bullish
6 hours ago
Vanguard's VYM ETF offers low-cost, diversified dividend income with steady growth and strong safety.

Vanguard's VYM ETF offers low-cost, diversified dividend income with steady growth and strong safety.

Vanguard High Dividend Yield Index Fund ETF (VYM) provides income through dividends from over 500 U.S. stocks, focusing on large, profitable companies like Broadcom and JPMorgan Chase. With a very low expense ratio of 0.04%, nearly all dividends are ...

Others
Bullish
12 hours ago
Oil prices drop as Strait of Hormuz traffic normalizes; prices unlikely below $65/barrel through year-end.

Oil prices drop as Strait of Hormuz traffic normalizes; prices unlikely below $65/barrel through year-end.

Oil prices are falling following the resumption of ship traffic through the Strait of Hormuz, signaling a return to normal supply conditions. Despite this easing, sovereign petroleum reserves are depleted, which sets a structural floor for oil prices...

Market News
Bullish
1 day ago
Harbor Human Capital Factor US Large Cap ETF falls 3.2% in Q1 2026, slightly underperforming its benchmark.

Harbor Human Capital Factor US Large Cap ETF falls 3.2% in Q1 2026, slightly underperforming its benchmark.

In the first quarter of 2026, the Harbor Human Capital Factor US Large Cap ETF posted a return of -3.20%, slightly underperforming its benchmark, the Human Capital Factor Large Cap Total Return Index, which returned -3.07%. Key detractors from perfor...

Market News
Bearish
1 day ago
Chevron expects US gasoline prices to fall amid Middle East normalization despite Trump criticism.

Chevron expects US gasoline prices to fall amid Middle East normalization despite Trump criticism.

Chevron CFO Eimear Bonner said U.S. gasoline prices are expected to decline as the Middle East situation stabilizes, despite criticism from President Trump accusing Big Oil of not lowering prices in line with crude oil drops. Trump has ordered a Depa...

Market News
Neutral
1 day ago
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