Exxon Mobil Co. has been growing its portfolio by acquiring new shares, asset exchanges, and strategic acquisitions such as Pioneer Natural Resources and Denbury. Some investments and acquisitions are facing opposition due to climate activism. Exxon has also shown an active interest in expanding its exploratory and development projects globally, for instance, the North Field East project and activities in crowded Permian, Suriname, Offshore Angola and Guyana. Despite occasional dips in Exxon's stock performance, investment analysts believe it presents a good value for long-term investments particularly because of its sustainability efforts including potential advancements in lithium supply for electric vehicles. The company has a hefty dividend yield of 3.31%, making it attractive for dividend investors. Regardless, Exxon's Q1 2024 earnings missed estimates mostly due to weak oil and gas prices, with a lingering effect on the company's stock performance
Exxon Mobil Corporation XOM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 14:33:56 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor 2
