Exxon Mobil: Even As Lithium And CCS Grow, Shareholder Capital Still At Risk (Rating Upgrade) [Seeking Alpha]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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US:NYSE Investor Relations:
ir.exxonmobil.com
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Source: Seeking Alpha
I believe the decline of fossil fuel demand and the rise of renewables will lead to declines in Exxon's revenues, even when including its growing lithium and carbon capture businesses. Exxon's current valuation is likely to drop lower as its finances deteriorate, and the company is fundamentally overvalued in the long term. Introduction and Thesis I first wrote about Exxon Mobil Corporation ( NYSE: XOM ) in August 2023. Considering that my articles are written with a 5-10 year timeframe in mind, I didn't anticipate writing a new piece on the company so soon after the first article. However, material developments regarding Exxon's business that I wasn't fully aware of have prompted me to rethink Exxon's prospects. Interestingly, this article is technically my second time revisiting a company that I have covered previously on Seeking Alpha. My first "second article" on Tesla was really a comparison of its short-term and long-term prospects and the prospects of its competitors,
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XOM
News
- In historic move, Vermont becomes 1st state to pass law requiring fossil fuel companies to pay for climate change damages [CBS News]CBS News
- Oil giants Exxon, Chevron lean on big-ticket deals to build bigger reserves [Yahoo! Finance Canada]Yahoo! Finance Canada
- Reasons to Retain ExxonMobil (XOM) in Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
- Did FTC Over-Reach In Prohibiting Scott Sheffield From ExxonMobil's Board [Forbes]Forbes
- Hess Shareholders Approved Chevron Takeover by Slim Majority [BNN Bloomberg (Canada)]BNN Bloomberg
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/31/24 - Form 8-K
- 5/29/24 - Form 4
- 5/28/24 - Form PX14A6G
- XOM's page on the SEC website