Exxon Mobil's Problem Is Strategic, Not Pandemic [Yahoo! Finance News]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance News
Opinion) -- It’s been a week of milestones for Exxon Mobil Corp., and not in a good way. The oil major froze its dividend for the first time in 13 years and then, on Friday morning, announced its first quarterly loss in decades. Covid-19 plays a big part, obviously, but Exxon’s strategy is the big problem, particularly on its home turf.As at the company’s March analyst day, CEO Darren Woods began with a familiar declaration of long-term growth trends for oil and gas. Even back then, this “straight line” view of global energy’s future looked questionable. Eight long weeks on, it looks divorced from reality; the very first analyst question gently raised that possibility, citing jet fuel in particular which is critical). Exxon’s high-spending strategy implicitly demands a recovery in oil and gas prices, which makes it more like an exploration and production company than a major. While the company has slashed this year’s capex budget to $23 billion, that remains above the pre-Covid guidan
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XOM
Earnings
- 1/30/26 - Beat
XOM
Sec Filings
- 3/3/26 - Form 4
- 2/20/26 - Form 8-K
- 2/18/26 - Form S-3ASR
- XOM's page on the SEC website