Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks [Seeking Alpha]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Seeking Alpha
The U.S. Energy Information Administration reported commercial crude oil stockpiles rose by 7.3M barrels during the week ended April 26, their largest weekly increase since February and a wide divergence from a 1.1M-barrel withdrawal analysts forecast in a Reuters survey. The crude build is a big one . At this time of year, we should be drawing down on crude oil as more barrels go through the refinery," Mizuho's Robert Yawger told Reuters. The EIA also reported a surprise 300K-barrel build in gasoline inventories, compared to expectations for a 1.2M-barrel draw. "Potential supply side support" came from an uptick in the implied measure of consumer gasoline demand, as gasoline supplied rose a modest 195K bbl/day from a two-month low, Sevens Report Research co-editor Tyler Ritchie told Marketwatch , but that statistic "lacked conviction" as the four-week average fell 317K bbl/day to 8.58M bbl/day, which suggests " consumer fuel demand is continuing to deteriorate Traders also c
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XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/15/24 - Form DEFA14A
- 5/15/24 - Form SD
- 5/13/24 - Form PX14A6G
- XOM's page on the SEC website