Exxon Mobil Corporation (NYSE:XOM) has been a major focu; undergoing various strategic changes. The company is closing its Clinton, New Jersey and Sarnia, Ontario campuses, meanwhile consolidating its tech center in Houston. Recent addition
Maria Jelescu Dreyfus has been elected to the Board of Directors, showing Exxon's progression in terms of personnel. The company successfully completed its acquisition of
Pioneer Natural Resources and
Denbury. Despite a slight dip in Q1 profits due to weak prices, Exxon maintains a promising outlook, having more than doubled its earnings potential from 2019 to 2027. The company is preparing for the future, drilling its first lithium well in Arkansas, with an ambitious goal to be a leading supplier for electric vehicles by 2030. It has also initiated its exploration activities in Suriname, exploring E&P opportunities in Algeria, partnered with Shell for a CCS Project in Singapore, and plans to increase its stake in Guyana. The company's stock has demonstrated strength in the market, attracting the attention of investors including International Assets Investment Management LLC and GUNN & Co INVESTMENT MANAGEMENT INC.
Exxon Mobil Corporation XOM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 11:27:41 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
