Finally, Exxon and Mobil would punctuate an era of corporate concentration by combining to form Exxon Mobil Corp. in 1998 with a $73.7 billion merger — the largest ever corporate merger at the time. Over the next decades, remnants of Standard Oil proliferated as demand for petroleum products skyrocketed. Eventually, four of those descendants would merge to form the Mobil Oil Corporation in 1966. The Bureau of Labor Statistics is expected to report the XOM stock CPI jumped 0.7% month-over-month in October, the third month of accelerating growth. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes.

Exxon Mobil stock

The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. Billions could be poured into exploration companies searching DotBig for new U.S. deposits. Even as global production of Group II base oils increases, the need for Group I base oils remains strong due to their unique properties. Learn more in a Lubes’n’Greases magazine article featuring ExxonMobil Product Development Advisor, Tim Nadasdi.

Insiders & Institutions

In a world of evolving lubricant demands, ExxonMobil stands ready to support the changing base oil needs of your business, Exxon Mobil stock today and tomorrow. Our base stocks are available all over the world, delivered through our robust supply network.

Product Solutions consolidates the world’s largest integrated chemicals, fuels and lubricants company. The new business is focused on growing high-value products, improving competitiveness and leading in sustainability. ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more. Other than a brief dip around September 2015, when price descended to $70 per share, Exxon Mobil stock price continues to rise.

  • Maintaining independence and editorial freedom is essential to our mission of empowering investor success.
  • The new business is focused on growing high-value products, improving competitiveness and leading in sustainability.
  • We know it may seem like the commodities crisis and sky high fuel prices are bad for basically everyone, but investors in oil companies have certainly found a silver lining.
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Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions DotBig and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. We sell different types of products and services to both investment professionals and individual investors.

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Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Exxon Mobil XOM stock declared a quarterly dividend on Thursday, October 27th. Investors of record on Tuesday, November 15th will be given a dividend of $0.91 per share on Friday, December 9th. This represents a $3.64 annualized dividend and a yield of 3.20%.

High institutional ownership can be a signal of strong market trust in this company. This payout ratio is at a healthy, sustainable https://dotbig.com/ level, below 75%. Exxon Mobil pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.

Oil Trends Lower along with Broader Markets

With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous https://dotbig.com/markets/stocks/XOM/ world. Sign in to your free account to enjoy all that MarketBeat has to offer. Please log in to your account or sign up in order to add this asset to your watchlist.

Exxon Mobil and Chevron together take in more than $30 billion in net income as natural gas prices soared

Meanwhile, the drop in prices for oil and other liquids, such as ethane and propane, is expected to result in a loss of $1.4 billion-$1.8 billion in those segments. There have also DotBig been decreased refining and chemicals margins this quarter compared to Q2. XOM forecasts a loss of $2.7 billion-$2.9 billion from changes in industry margins for energy products.

Market Data and Calendars

Yellow arrow mark major tops which also line up with RSI over 70 and directional movement peaks. Directional movement is a less popular volume indicator, but it has saved me many times on a 5m chart from… XOM is back to 100$, last time being there when crude was above 110$ a barrel. A great Exxon Mobil stock short covering, along with confluence of multiple trend lines makes this a great short opportunity. The benchmark Crude WTI is down 1.61% to $88.55 today at 5.30 a.m. In sync with the broader markets across the globe turning lower after a fourth consecutive rate hike by the Federal Reserve.

However, I think it would be prudent to wait for confirmation that this is not a false breakout. Simple chart here that makes a likely case for a downward directional trade.