ExxonMobil maintains a buy rating due to strong free cash flow, disciplined capital spending, and attractive valuation. In Q2, the company achieved record upstream production, generated $18.9 billion in free cash flow, and returned $5.1 billion to shareholders through buybacks, despite mixed earnings and refining challenges. Management aims to grow earnings to $25 billion and cash flow to $35 billion by 2030, driven by advantaged assets targeting production of 5.5 million barrels of oil equivalent per day. Technical indicators remain bullish, supporting a price target of $179 based on 17 times forward earnings. The company also benefits from higher oil prices amid geopolitical tensions in Iran.
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...
