ExxonMobil Stock News

Exxon Mobil restarted the gasoline-producing fluidic catalytic cracking unit on Thursday at its 612,000-barrel-per-day Beaumont, Texas, refinery, people familiar with plant operations said.

Iraq and Exxon Mobil will sign an agreement on Wednesday to manage, develop, and operate Majnoon oil field in southern Iraq, three Iraqi official sources with knowledge of the matter told Reuters.

Exxon Mobil is reiterated as a Buy with a $147 price target, driven by strong dividend yield and robust long-term growth prospects. XOM's Guyana and Permian asset development, synthetic graphite expansion, and Proxxima product rollout are expected to boost margins and diversify earnings. Recent trade deals, LNG export approvals, and a strong financial position support XOM's outlook, with share ...

Oil major Exxon Mobil is considering re-entering Iraq after a nearly two-year hiatus by signing agreements that would lay the groundwork to explore the country's giant Majnoon field, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Demand for energy is at an all-time high and still growing. Economic expansion and new drivers like artificial intelligence (AI) are set to keep oil demand climbing until 2030, while natural gas demand is projected to jump over 20% by 2040.

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U.S. oil and gas major Exxon Mobil signaled in a regulatory filing on Monday that changes in oil prices could boost its third-quarter upstream earnings up to $300 million compared with the previous three months.

Exxon Mobil remains a growth and income opportunity. XOM's ongoing efficiency drive, including workforce reductions, positions the company for improved profitability. New projects, such as the Guyana FPSO, are expected to deliver above-average returns and support future earnings growth for XOM.