Why Oil Stocks Like ExxonMobil, Chevron, and Vermilion Jumped Today [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
What happenedShares ofintegrated energy majorsExxonMobil Corporation(NYSE:XOMChevron CorporationNYSE:CVXVermilion EnergyNYSE:VETSo whatThere's a glut of oil in the world today. There are a number of reasons for this, including the emergence of U.S. onshore drilling as a major global player over that last decade or so,OPEC and Russia getting intohas now been concludedCOVID-9Image source: Getty Images.There is so much oil, in fact, that companies are having trouble storing it all. The world's ability to store oil is limited and at this point the storage tanks are nearly full. They've even begunenlisting Suezmax ships, which usually ferry oil around the world, to act as floating oil tanksNordic American TankersHowever, Mr. Market is fickle and his mood can change on a dime. Today, prices for some types of oil have risen by as much as 0%. Normally that would be a massive move, but it's actually not so out of line with the recent ups and downs in the energy sector. There were two pieces of
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XOM
News
- Inside ExxonMobil's Balance Sheet: Key Takeaways for Investors [Yahoo! Finance]Yahoo! Finance
- Nixxy names Julia Yu CFO [Seeking Alpha]Seeking Alpha
- Ex-Pornhub Owner Interested In Purchasing Lukoil Assets [zero hedge]zero hedge
- Exclusive-Hungary's MOL interested in Lukoil assets, sources say [Yahoo! Finance Canada]Yahoo! Finance Canada
- US Opens New Mega Consulate In Iraq's Kurdistan [Barron's]Barrons
XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- XOM's page on the SEC website