|Bid||43.30 x 3000|
|Ask||0.00 x 3000|
|Day's range||43.11 - 44.00|
|52-week range||30.11 - 77.88|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||16.23|
|Earnings date||31 Jul 2020|
|Forward dividend & yield||3.48 (7.84%)|
|Ex-dividend date||12 May 2020|
|1y target est||47.58|
Investor sentiment for ExxonMobil (XOM) is likely to remain poor until the company comes out with promising results from the massive long-term capital expenditure program.
Royal Dutch Shell (RDS.A) and ExxonMobil (XOM) issued updates on their upcoming Q2 earnings, while BP plc (BP) agreed to sell its global petrochemicals business for $5 billion.
It was a terrible six months for energy companies, and these giants weren't spared the pain. Here's why things got so bad.
The stock market has seen extreme volatility so far in 2020, and even after a strong second-quarter performance, the Dow Jones Industrials (DJINDICES: ^DJI) are still down almost 10% for the year. Although there've been a few stocks that have managed to buck the trend and gained ground, the vast majority of Dow stocks have given up ground. As with all falling stocks, the big question investors have is whether these three giants of their respective industries can bounce back and recover some of their lost ground.
COVID-19 has been terrible for oil, but Exxon appears to be taking the hit in relative stride. Here's a quick look at some key metrics.
ExxonMobil (XOM) plans to slash 2020 capital spending and cash operating expenses to make up for the massive shortfall in cash flows, while managing to avoid any write-down so far.
Exxon Mobil Corporation said in its regulatory filing on Thursday that it has incurred an unprecedented second straight quarterly loss from the fall in oil and natural gas prices after coronavirus lockdown restrictions dampened energy demand worldwide.
Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (1130 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The U.S. has recorded around a quarter of the almost 11 million cases worldwide, according to data from Johns Hopkins University, and the number is growing rapidly.
Top Research Reports for Netflix, Exxon Mobil & Amgen
The Dow's rally drove shares of Apple (NASDAQ: AAPL), McDonald's (NYSE: MCD), ExxonMobil (NYSE: XOM), and Boeing (NYSE: BA) higher despite mixed news. Apple and McDonald's pulled back on store reopening plans due to a surge in COVID-19 cases, Exxon disclosed that it would take a large earnings hit in the second quarter, and the FAA completed certification test flights for Boeing's 737 Max.
Exxon Mobil is warning investors of more huge losses to come. The energy giant signaled Thursday it will slide into the red again when it posts its second quarter results. In a filing, Exxon Mobil said sharply lower crude prices will wipe out billions in operating profit. It also warned that refining results will plunge by around $1 billion compared with the first quarter. Oil prices have plunged 35% since January. The pandemic has crushed demand, and the global glut has forced the industry to cut production. Refnitiv IBES sees Exxon Mobil losing $2.3 billion in the latest quarter. But Exxon will have company. Edward Jones says the second quarter for all energy companies will be “dismal” due to oil and gas prices, refining margins and production. Rivals Royal Dutch Shell and BP have said they’ll massively cut spending and take write downs. Exxon Mobil shares, which have tumbled 36% this year, rose in early trading Thursday.
Exxon Mobil Corp's oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post another quarterly loss this year. Rivals Royal Dutch Shell and BP Plc have disclosed massive spending cuts and writedowns due to the price drop. Exxon faces a loss for the quarter of $2.3 billion, or 57 cents per share, according to estimates from Refinitiv IBES.
ExxonMobil Renews Collaboration with Princeton Energy Center to Advance Low-Emission Research and Energy Solutions
A coronavirus-driven collapse in fuel demand is threatening Australia's oil refining industry, just as supply chain disruptions wrought by the pandemic have focused the government on the need to shore up fuel security. Already dependent on imports for more than half its fuel needs after the closure of four refineries since 2003, industry and analysts say at least one of the country's four remaining refineries could close unless the government steps in. "When the global margin environment weakens and gets tougher, the threat of closure definitely increases," said Sushant Gupta, head of Asia Pacific downstream oil and gas research at consultants Wood Mackenzie.
While hopes of a global economic recovery have kept oil markets afloat, the fear of a second wave of COVID cases is threatening to send oil prices lower
ExxonMobil, Employees and Retirees Contribute More Than $1.3 Million to New Jersey Colleges and Universities
ExxonMobil, Employees and Retirees Contribute More Than $1.7 Million to Oklahoma Colleges and Universities
ExxonMobil, Employees and Retirees Contribute More Than $1.2 Million to California Colleges and Universities
ExxonMobil, Employees and Retirees Contribute More Than $3.3 Million to Pennsylvania Colleges and Universities
ExxonMobil, Employees and Retirees Contribute More Than $12 Million to Texas Colleges and Universities