Exxon Mobil Corp (XOM) Quote

Yep, 10 4 there good buddy, that’s what I was thankin

Where Fundamentals Meet Technicals: Exxon Mobil (XOM)
By: Lyn Alden Schwartzer | June 28, 2024

This issue of Where Fundamentals Meet Technicals re-iterates my bullish view on energy names.

As I sit here typing this piece in Cairo, I can unfortunately report that Egypt faces daily rolling power outages, which are caused primarily by natural gas shortages. The grid operators spare my neighborhood from them, but most neighborhoods throughout Egypt are facing recurring scheduled power outages as the limited power generators can only power so many of them at once.

Egypt produces lots of gas domestically and also imports gas from Israel, but the total amount is increasingly insufficient for Egypt in the summer months when air conditioning demand is at its highest. They are turning to LNG imports, but there is limited capacity for that in the near term.

This anecdote is one of many, since it’s a common occurrence throughout the developing world. But it underscores how important energy is. There is vast demand for energy throughout emerging markets, and in the long run I expect that their total usage will go up considerably.

In particular, when the dollar index puts in more of a local top, and the Fed begins a rate-cutting cycle, it should alleviate the USD-denominated debt burdens of a number of emerging and frontier markets, and lighten up their liquidity situation enough to active more energy demand.

Exxon Mobil (XOM) and other large integrated energy majors have been my preferred way to play the energy sector. They are inexpensive, they are very profitable at current oil prices, and they have strong balance sheets.



I view the 2014-2020 period as a major bottom for the oil market. Zero interest rates and the subsequent willingness of investors to fund unprofitable companies helped accelerate the shale revolution, and all of that new oil disrupted global supply/demand balances for oil. But now companies need to be more profitable and self-financing, and the global supply/demand situation for oil incorporates this new shale oil.

Going forward, I expect oil to be flat-to-up, and I expect to see a lot of profitability from the oil sector. In other words, I think there’s a pretty strong floor under oil companies. With their ability to spin off reliable dividends from free cash flows and fortress balance sheets, at these valuations I view them to be like volatile bonds with built-in inflation protection and an option for much higher potential.

Zac sees a potential move from $115 to $165 over the next year. I don’t have any firm view on that, but the way I see the risk/reward situation is that I think the bear case is rather stagnant and rangebound, and the bull case includes some rather large price appreciations of this scale.



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"Why Big Investors Are Doubling Down Right Now on Oil & Gas Stocks"

https://oilprice.com/Energy/Energy-General/Why-Big-Investors-Are-Doubling-Down-Right-Now-on-Oil-Gas-Stocks.html

Big Momma ready for Big XOM Oil Party!

Big momma is the next ceo for xom

"Guyana Taps U.S. Firm Led by Ex-Exxon Executive for Natural Gas Project"

https://oilprice.com/Latest-Energy-News/World-News/Guyana-Taps-US-Firm-Led-by-Ex-Exxon-Executive-for-Natural-Gas-Project.html

"Exxon and Partners’ Net Profit From Guyana’s Oil Soared in 2023"
https://oilprice.com/Energy/Energy-General/Exxon-and-Partners-Net-Profit-From-Guyanas-Oil-Soared-in-2023.html

Exxon Mobil Insider Trading Alert: Board of Director member Maria Dreyfus just purchased 18,310 $XOM shares for a total investment of $2 million
By: Barchart | June 20, 2024

• Exxon Mobil Insider Trading Alert

Board of Director member Maria Dreyfus just purchased 18,310 $XOM shares for a total investment of $2 million.



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I may have to pool my funds with big momma and buy enough shares to take this chit over

Big Momma ready for XOM Oil Wrestling Party!

Great time to buy boys

Is it buy time again? Let’s party Exxon

ExxonMobil (XOM), Petronas Strike Major Find Offshore Suriname
By: Zacks Investment Research | May 21, 2024

ExxonMobil Corporation XOM and Production Suriname, an affiliate of ExxonMobil, alongside Petronas Suriname E&P, a subsidiary of Malaysia’s Petronas, have announced a significant hydrocarbon discovery in Block 52 offshore Suriname. This marks the third significant find in the block since 2020, further solidifying the potential of the Suriname-Guyana basin for substantial oil and gas reserves.

Details of the Discovery

The Fusaea-1 exploration well, located approximately 170 kilometers offshore and 9 kilometers east of the Roystonea-1 discovery, was drilled to a depth of 5,227 meters by the Noble Voyager drillship. The well encountered multiple oil and gas-bearing sandstone reservoirs from the Campanian age. Remarkably, the drilling operation achieved this milestone with zero Lost Time Incidents.

Petronas and ExxonMobil are conducting further evaluations to determine the full extent of the discovery and its potential integration with previous finds, Roystonea-1 and Sloanea-1.

Statements from Petronas Leadership

Datuk Adif Zulkifli, Petronas’ executive vice president and CEO of Upstream, emphasized the importance of the Fusaea-1 results, stating that they solidified Petronas’ position in Suriname's hydrocarbon resources, building on previous discoveries in the region.

Petronas’ vice president of Exploration, Mohd Redhani Abdul Rahman, noted that the success of Fusaea-1 reflects advancements in their understanding of the area, further enhancing the potential for oil and gas development in Block 52.

Operational and Strategic Developments

Covering an area of 4,749 square kilometers, Block 52 is situated north of Paramaribo, Suriname’s capital. Petronas operates the block with a 50% participating interest, while ExxonMobil holds the remaining stake. This partnership underscores the strategic importance of the Suriname-Guyana basin for future energy development.

In July 2023, Petronas awarded a drilling contract to Noble Corporation's Noble Discoverer rig, initially slated to commence in August 2023. However, the drilling responsibilities were later transferred to the Noble Voyager rig in January 2024. Petronas has since exercised an extension option to continue drilling another well in Block 52 at a daily rate of $470,000.

Beyond Block 52, Petronas operates Block 48 and Block 63 with a 100% interest and holds a 30% non-operating interest in Block 64. The company remains committed to its exploration and production activities in the region while pursuing new energy projects globally.

Broader Implications

This discovery is part of a broader strategy by both ExxonMobil and Petronas to expand their hydrocarbon portfolios in key regions. Petronas recently signed a new production-sharing contract and extended an existing one off the coast of Indonesia, aiming to increase its hydrocarbon output. In 2023, Petronas and its partners achieved 19 exploration discoveries and two appraisal successes in Malaysia, highlighting its robust exploration capabilities.

The continued success in Suriname’s Block 52 not only boosts Petronas’ and ExxonMobil’s resource base but also reinforces the Suriname-Guyana basin's status as a major emerging hydrocarbon province. The ongoing exploration and development efforts in this region are expected to contribute significantly to the global energy supply, meeting increasing demands and supporting energy security.

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Oil & Gas Stock Exxon Mobil (XOM) for Options Bulls
By: Schaeffer's Investment Research | May 17, 2024

• XOM has seen a cup & handle pullback to support

• There is plenty of pessimism surrounding the stock

Energy giant Exxon Mobil Corp (NYSE:XOM) has seen a cup and handle pattern pullback to the 50-day moving average, into 2023 zone highs and is currently pushing back above its September peak. The 115 call level will be cut by 50% in the May standard expiration series, potentially releasing price action to move higher.



At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security’s 50-day put/call volume ratio comes in the 95th annual percentile, leaving ample room for bears to unwind and push shares higher. Analysts have ample room for upgrades too, with seven in coverage sporting a tepid "hold" recommendation.

Options are looking affordable, too, per the stock’s Schaeffer’s Volatility Index (SVI) of 15%, which ranks in the lowest percentile in the last 12 months. Our recommended call option has a leverage ratio of 14.04, and will double on a 6.83 rise in the underlying security.

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"Memorial Day Travel Expected to Near Record High"

https://oilprice.com/Energy/Energy-General/Memorial-Day-Travel-Expected-to-Near-Record-High.html

Exxon $XOM about to hit the gas?
By: TrendSpider | May 12, 2024

• Exxon about to hit the gas? $XOM



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He meant $197.

How is that $97 coming? Bwahaaaaaaaa

I tode you boys. Lol. Yeaaaaaa. Here we gooo

If the energy sector can see a rebound this month, this Exxon bull flag looks like a real winner. $XOM
By: TrendSpider | May 7, 2024

• If the energy sector can see a rebound this month, this Exxon bull flag looks like a real winner. $XOM



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Loaded more of these cheapies man,

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=XOM&insttype=Stock

Here bruh """"The stock has run up 21.4% year to date through Thursday, while the Energy Select Sector SPDR ETF (XLE) has climbed 15.3% and the S&P 500 has gained 5.8%"""""

Exxon Mobil's stock falls after profit and production drop below forecasts
By: MarketWatch | April 26, 2024

Earnings took a hit from falling refining margins and natural-gas prices and as costs rose while revenue declined

Shares of Exxon Mobil Corp. dropped Friday, after the oil and gas giant reported first-quarter profit and production that fell below forecasts, even as revenue beat expectations by a wide margin.

Also weighing on the bottom-line, overall costs and other deductions increased, while revenue declined.

The stock (XOM) slumped 1.2% in premarket trading, putting it on track to snap a five-day win streak.

Net income dropped to $8.22 billion, or $2.06 a share, from $11.43 billion, or $2.79 a share, in the same period a year ago, as industry refining margins declined and natural-gas realizations sank 32%.

Revenue fell 4% to $83.08 billion, above the FactSet consensus of $79.69 billion.

Meanwhile, total costs and other deductions rose 1.4% to $70.71 billion, as crude oil and product purchases rose 3.5% to $47.6 billion and depreciation and depletion increased 13.4% to $4.81 billion, while production and manufacturing expenses fell 3.7% to $9.09 billion.

Within upstream volumes, production fell 1.2% to 3,784 thousand oil-equivalent barrels per day (koebd) to miss the FactSet consensus of 3,810 koebd.

Net production of crude oil, natural gas liquids, bitumen and synthetic oil rose 2.5% to 2,557 thousand barrels of oil per day while net natural gas production available for sale declined 8.2% to 7,362 million cubic feet per day.

The stock has run up 21.4% year to date through Thursday, while the Energy Select Sector SPDR ETF (XLE) has climbed 15.3% and the S&P 500 has gained 5.8%.

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Bubba, $97 is long gone. Sorry you missed out. Me and fat momma getting rich

Yep, I am rolling fat momma in the flour right now Finda get busy. Lol

Exxon Mobil $XOM is currently trading at new ALL TIME HIGHS
By: Evan | April 5, 2024

• Exxon Mobil $XOM is currently trading at new ALL TIME HIGHS.



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XOM new 52 hi

hey bruh, we getting rich while you go broke

No I won't, you silly crow. I just bought a 5lb bag fries and onion rings From Costco.

Hi Big Momma and Pepe, you guys are having so much fun. B careful pepe, Big Momma will take your french fries when you are not looking..

Big Momma got new space suit all ready.

Lesss gooooo fat momma, weeeeeee toooo daaaa moooon

Get drunk with good food and deserts. XOM Big Oil Party!

Let’s get drunk biggie

Big Momma likes Big Oil Party!

Big bags of fun wink wink

XOM is Big Fun!

Up pre market. Me and old big momma going two stepping. Weeeeeeee

Let’s go big momma. Weeeeeee

The XOM Big Fun has only just started.

I have not had this much fun since momma got her boob hung in the washing machine ringer

Big Fun here at XOM!

Looking good here big momma. Old bunda is missing out.

Big Momma likes oil parties

Chee chee chee. Lesgo xom

ExxonMobil (XOM), Shell Partner With Singapore for CCS Project
By: Zacks Investment Research | March 11, 2024

Exxon Mobil Corporation XOM and Shell plc SHEL have announced a partnership with the Singapore government to develop a cross-border carbon capture and storage
CCS
project.

The collaboration aims to significantly reduce Singapore's carbon dioxide (CO2) emissions, marking a pivotal step in the country's decarbonization journey.

The Singapore-based units of these energy giants — ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd. — have established the S-Hub consortium to lead the development of this CCS initiative. The project underscores a proactive approach to addressing the environmental challenges posed by greenhouse gas emissions.

In December 2023, the S-Hub consortium and the Singapore Economic Development Board solidified their commitment by signing a memorandum of understanding. The agreement outlines their collaboration in planning and developing a CCS project that promises to capture and permanently store at least 2.5 million tons of CO2 annually by 2030.

The project, set to commence in 2030, targets capturing and storing CO2 emissions from various sectors within Singapore, either underground or beneath the seabed. The selection of storage sites will be based on rigorous analysis to ensure their suitability and effectiveness in long-term carbon storage.

This CCS initiative is particularly significant for Singapore, a nation seeking decarbonization solutions for sectors with hard-to-abate emissions like energy and chemicals, power, and waste management. Carbon capture and storage technology is seen as a crucial pathway to achieve substantial emission reductions in these areas.

The collaboration between ExxonMobil, Shell and the Singapore government is part of a broader strategy to develop a portfolio of decarbonization measures. These efforts are aimed at meeting the nation's climate change targets and contributing to global sustainability goals.

Zacks Ranks & Stocks to Consider

ExxonMobil currently carries a Zacks Rank #3 (Hold).

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Big Momma likes Big Fun!

We be rollin here man. Way to go Big Momma

Big Momma likes oil