ExxonMobil has revealed its
first-quarter results for the fiscal year 2024, with a mixed performance featuring an earnings miss but revenue alignment. The corporation also confirmed lucrative discoveries such as the
Likembe-01 Well offshore Angola, and its commitment to sustainability projects such as the new
$2B Indonesia carbon capture project. ExxonMobil's stock has recently seen significant options volume and investor engagement. Moreover, the corporation made exciting moves such as acquiring
Pioneer Natural Resources and
Denbury, as well as a record output in Guyana with their
Liza Unity FPSO. A more controversial subject was ExxonMobil's accusation of 'conflicts of interest' towards proxy advisor Glass Lewis. ExxonMobil is advancing to grow its LNG portfolio rapidly while opposing potential staff relocation to London. There were also reports of ExxonMobil dealing with a hefty
$725.5 million verdict over a mechanic's leukemia diagnosis. The corporation is looking to extend exploration activities in Suriname and is drilling its first lithium well in Arkansas. ExxonMobil's smart money reportedly focuses on options while a long-term LNG deal was signed with Turkey. On the downside, weaker oil and gas prices could impact its first-quarter profit.
Exxon Mobil Corporation XOM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 14:57:56 GMT -
Rating 5
- Innovation -3
- Information 8
- Rumor -5
