There has been an array of varied developments surrounding
Exxon Mobil Corporation (NYSE:XOM). In the recent discussions, the entity was deemed
cheap at 11x multiple with speculation around possible bigger buybacks. Alongside that, there was an
executive change as Jeff Taylor replaced Craig Morford.
Asset sales in Nigeria were also highlighted. Furthermore, ExxonMobil garnered attention as a notable
natural gas and oil dividend stock. Several acquisitions were reported, including
Pioneer Natural Resources and
Denbury, while the strategic plans to double the company's earnings potential from 2019 to 2027 were announced. The
all-stock transaction merger with Pioneer Natural Resources drew significant attention. Despite these developments, XOM's stock demonstrated oscillatory trends. Amidst these, Exxon Mobil has ventured into
lithium drilling in Arkansas with a vision to become a prominent supplier for electric vehicles by 2030. Exxon Mobil Corp also reportedly made efforts into advancing climate solutions.
Exxon Mobil Corporation XOM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 16 Jun 2024 17:39:28 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor -3
