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Exxon Mobil Corporation (XOM)
After hours:
| Previous close | 116.24 |
| Open | 116.00 |
| Bid | 115.94 x 800 |
| Ask | 115.97 x 900 |
| Day's range | 114.13 - 116.07 |
| 52-week range | 95.77 - 123.75 |
| Volume | |
| Avg. volume | 17,958,039 |
| Market cap | 523.597B |
| Beta (5Y monthly) | 0.96 |
| PE ratio (TTM) | 14.23 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 3.80 (3.28%) |
| Ex-dividend date | 14 May 2024 |
| 1y target est | N/A |
- Barrons.com
FTC Sparks Debate: Can One Texas Oilman Move the Price of Crude?
The regulator alleges Scott Sheffield attempted to collude with rivals and OPEC oil ministers to limit production.
- Reuters
Exxon to take 18-24 months to hit full stride with Pioneer purchase
HOUSTON (Reuters) -Exxon Mobil will take 18 to 24 months to achieve its full production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, the company's top shale executive said on Friday. Exxon this week closed all-stock acquisition after agreeing to an antitrust consent order that barred the former Pioneer CEO from joining its board and is moving in coming weeks to combine operations that will form the largest oil producer in the Permian basin. "You will see (oil production) grow pretty rapidly, year over year," said Bart Cahir, Exxon's senior vice president of shale, as Exxon applies its current growth strategy to the resources incorporated from Pioneer.
- Barrons.com
Don’t Let the FTC Drama Distract You. Exxon Mobil Just Got a Huge Win.
The Federal Trade Commission made headlines this week when it barred a well-known Texas oil executive from joining Exxon Mobil board, as a condition of the oil major’s purchase of Pioneer Natural Resources. The buzzy news around the deal was the FTC’s allegation that former Pioneer CEO Scott Sheffield had tried to convince other oil producers to slow production and boost prices. Sheffield declined to comment, but Pioneer disputed the FTC’s claims about collusion, saying the commission has a “fundamental misunderstanding of the U.S. and global oil markets.”
