ExxonMobil Slashes Capex 30% in Light of COVID-19 Impact [The Motley Fool]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: The Motley Fool
Matthew DiLallo(TMFmd9)Author BioMatthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on for the latest news and analysis of the energy and materials industries:Follow @matthewdilalloExxonMobilNYSE:XOMIt was just over a month ago that ExxonMobilreaffirmed its spending plans for this year. During its March investor day meeting, CEO Darren Woods said the company would "use the strength of our balance sheet to invest through the cycle." However, market conditions have significantly deteriorated since then, putting pressure on ExxonMobil's balance sheet, which led Global to downgrade its credit ratingImage source: Getty Images.The bulk of the capital spending cuts will fall on its Permian Basin operations, where ExxonMobil can more quickly respond to changes in the market environment. The company will reduce the pace at which it drills
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XOM
News
- As Trump Spats With Exxon CEO Darren Woods Over Venezuela, Should You Take a Risk and Buy XOM Stock? [Yahoo! Finance]Yahoo! Finance
- Exxon Mobil (NYSE:XOM) had its "outperform" rating reaffirmed by analysts at Scotiabank.MarketBeat
- Trump's dream of ‘energy supremacy' hits an unlikely roadblock: oil companies [Yahoo! Finance]Yahoo! Finance
- Lukoil's international assets and potential buyers [BNN Bloomberg (Canada)]BNN Bloomberg
- Factbox-Lukoil's international assets and potential buyers [Yahoo! Finance]Yahoo! Finance
XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 1/7/26 - Form 8-K
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- XOM's page on the SEC website