Exxon Mobil Corp
NYSE: XOM
$117.28
-$1.62 (-1.4%)
Closing Price on October 29, 2024
XOM Articles
24/7 Wall St. has tracked more than 35 analyst downgrades in the oil patch on Monday, after a Saudi-Russia price war on top of the coronavirus outbreak knocking demand for oil.
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If the wider spread of COVID-19 wasn't bad enough for the public and the markets, now an oil price war between Russia and Saudi Arabia is pouring salt on the wounds.
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Exxon Mobil told investors Thursday that it plans to keep investing in exploration and discovery. Investors and analysts were not amused.
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The stock market has been unforgiving to the oil sector so far in 2020. Many investors are puzzled by the lack of interest and outright disdain that the stock market has for the top energy stocks.
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Short interest in oil and gas stocks was mixed in the reporting period that ended February 14. Crude prices did not begin to tumble until a week later, however.
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As of the most recently reported period, short sellers favored Pfizer, Microsoft and Intel above all other Dow stocks.
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The energy sector dropped more than 4.5% Monday to continue its slide since the beginning of the year.
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The impact of the spreading coronavirus has hit the energy sector particularly hard. Here are some of Monday's biggest losers.
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With even moderate appreciation in the share prices of these top companies, investors should be looking at double-digit total return potential. In a market that is very long in the tooth, that makes...
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These companies suffering a direct impact now but eventually will return to form, and that’s why now is the time to add some shares.
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BP on Wednesday announced plans to become a net zero emitter of carbon dioxide by 2050. Details won't be announced until September.
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Crude oil prices have fallen since the outbreak of coronavirus in China was revealed in early January. Short sellers have been selective with their bets and continue to be so.
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As of the most recently reported period, short sellers favored Pfizer, Microsoft and Intel above all other Dow stocks.
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Norway's state-controlled oil giant, Equinor, announced Thursday that it plans to cut its carbon intensity by 50% over the next 30 years. Success depends on lowering the company's dependence on oil...
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Merrill Lynch suggests that investors look at more defensive energy companies, and these five make sense now for long-term growth investors with some risk tolerance.
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