Exxon Mobil is a multinational oil and gas corporation engaged in the exploration, production, refining, and distribution of petroleum and petrochemical products. The company operates in various segments, including upstream operations, which involve the extraction of crude oil and natural gas, and downstream operations, which focus on refining and marketing fuels and lubricants. Additionally, Exxon Mobil invests in alternative energy solutions and technologies, contributing to ongoing efforts to address global energy challenges. With a significant presence in multiple countries, the company plays a vital role in supplying energy and products to meet the demands of consumers and industries worldwide. Read More
Shigeru Ishiba, the Prime Minister of Japan, is contemplating a proposal from President Donald Trump to purchase American oil to address the trade imbalance between the two nations.
Renowned television host Jim Cramer is cheering a potential mega merger between energy giants Shell PLC (NYSE: SHEL) and BP PLC (NYSE: BP), seeing it as a catalyst for a broader surge in deal-making activity.
In a note to investors, Loop Capital argued that if Nvidia maintains its leadership in supplying AI chips and systems, its market capitalization could grow to $6 trillion, nearly double its current value of $3.6 trillion.
According a report by The Wall Street Journal, discussions between Shell and BP are progressing slowly and remain preliminary, with no guarantee of a deal.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
ExxonMobil Corp stock is still well below many analysts' price targets. Based on its strong free cash flow, XOM stock is worth at least $127 per share, or 11% more.
Exxon Mobil shares are trading higher by 1.5% Monday morning. Escalating geopolitical tensions in the Middle East are raising fears of oil supply disruptions.
