ExxonMobil Stock News

Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Exxon Mobil Corporation 2024" report has been added to ResearchAndMarkets.com's offering. The report provides insights into company's tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives.

On Friday, oil and gas majors ExxonMobil (XOM 0.24%) and Chevron (CVX 0.10%) fell 2.5% and 4.6%, respectively, after reporting fourth-quarter and full-year 2024 results.

ExxonMobil (XOM 0.24%) has built a premier oil company. The energy giant has an unrivaled asset base.

Exxon says it can compete with nuclear, because the gas power plants it intends to build would capture carbon emissions.

Exxon Mobil's strong 2024 performance includes 4.3 million barrels/day production, $34 billion GAAP earnings, and a 3.7% dividend yield, supporting long-term shareholder returns. The company's capital allocation strategy involves $10s of billions in projects starting in 2025, including CCS, LNG, and deepwater oil, driving diversified growth. Exxon Mobil plans 20% production growth by 2030, with...

Exxon Mobil's Q4 earnings slightly exceeded estimates, but the stock remains expensive with a low FCF yield, making share buybacks a poor use of capital. Despite operational achievements in Guyana and the Permian, XOM's stock performance has lagged, up only 2% in 18 months versus the S&P 500's 37%. Alternative investments in my "DIY Supermajor" comprised of Diamondback Energy, Devon Energy, Mar...

ExxonMobil (XOM -2.50%) is a powerhouse in the oil patch. The oil giant delivered an industry-leading financial performance last year, producing over $33 billion in earnings and $55 billion in cash flow from operations.

Exxon Mobil's efficiency drive has resulted in a strong financial performance. CEO Darren Woods highlighted the company's unmatched value delivery of dividends, stock price appreciation, and share repurchases. The company's return on capital employed remained robust, justifying a premium valuation even in challenging times.