Achieving a $1 trillion market capitalization has long been a prestigious milestone in the stock market, with many companies striving to reach this level.
XOM intends to sell Permian Basin assets, including conventional wells, for $1 billion, as part of its strategy to enhance shale production post-Pioneer acquisition.
XOM's analysis suggests that without sustained investment, global oil supply could shrink to 30 million bpd as early as 2030, potentially driving oil prices fivefold.
Top U.S. oil firm Exxon Mobil is looking to sell oil assets in the Permian Basin which could fetch $1 billion, as the company focuses on growing shale production after buying Pioneer Natural Resources

Stock Of The Day: Exxon Mobil Hits A Ceiling?

01:04pm, Tuesday, 27'th Aug 2024
Resistance levels are a large concentration of traders and investors who are looking to sell their shares at, or close to, the same price. The “level” is typically more of a range than a particula
The new addition of the Houston IPBS event marks its debut in the city, bringing best-in-class education and local expertise to the top engineering and processing hub in the nation. HOUSTON, TX / ACCE
Oil demand will plateau after 2030 but remain roughly at current levels of more than 100 million barrels per day through 2050, according to Exxon. The oil major projected that oil demand would remain
An Exxon Mobil production consortium's crude output in Guyana fell to between 400,000 and 500,000 barrels per day from July 2 through the end of the month, according to government data seen by Reuters
Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's levels, a forecast 25% higher than top European rival BP.
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Is ExxonMobil a Millionaire Maker?

06:59pm, Saturday, 24'th Aug 2024
ExxonMobil is one of the largest integrated energy companies on the planet. ExxonMobil has the heft to adjust with the world around it, when the time is right.
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs,
Exxon has increased its dividend for 41 straight years. The company built its business to thrive in any market condition.
Where former president Donald Trump looked to have a commanding lead against in the November election, President Joe Biden dropping made the race competitive.

Exxon Mobil Stock Should Go Higher

08:33am, Friday, 23'rd Aug 2024
I recommended doubling down on XOM at the end of January 2024, and my last call proved to be very successful. But what's next for Exxon? The oil price is likely to be supported by a shortage of commod
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