Previous close | 0.7200 |
Open | 0.6200 |
Bid | 0.5200 |
Ask | 0.5300 |
Strike | 122.00 |
Expiry date | 2024-05-31 |
Day's range | 0.5000 - 0.6200 |
Contract range | N/A |
Volume | |
Open interest | 940 |
Exxon, which is frequently the focus of critical shareholder resolutions, had filed a lawsuit earlier this year seeking to block a vote on a climate proposal submitted by two small activist investors, sidestepping the usual regulatory process to fend off similar measures. And while the investors withdrew their resolution, Exxon continued the lawsuit, seeking legal costs and other relief.
Following the close of the Pioneer Natural Resources acquisition on May 3, we are resuming coverage of Exxon Mobil at Overweight. In addition, we see 16% upside to Exxon’s 2025 consensus free cash flow per share at flat oil ($80 a barrel WTI).
The Hess (HES) acquisition would grant Chevron (CVX) a substantial stake in the lucrative Stabroek Block offshore Guyana.