Upstream Expansion Fuels Optimism in the Oil & Gas Sector [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
WTI crude prices have risen above the $80 mark owing to a combination of factors contributing to a tighter global supply. Geopolitical tensions in the Middle East and an escalating conflict between Russia and Ukraine after the Crocus City Hall terrorist attack have had a significant impact on this upward trend. The reduction in the number of rigs in the United States adds to the pressure on oil prices, creating a favorable environment for investors looking for profitable lucrative in the sector. Upstream Operations Poised for Expansion With oil prices steadily rising, upstream operations stand to benefit greatly. Companies in this sector are preparing to capitalize on the current market conditions by increasing investments in exploration and production activities. The projected increase in upstream oil and gas spending in 2024 reflects the growing confidence about the industry's future trajectory. This increased confidence is not purely speculative but instead based on a practical
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XOM
News
- Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs [MSNBC.com]MSNBC.com
- Why ExxonMobil Stock Dropped on Earnings Friday [Yahoo! Finance]Yahoo! Finance
- Exxon Mobil and Chevron Report Lower Earnings [The New York Times]The New York Times
- Crude awakening: oil price rallies against backdrop of energy company earnings this week [BNN Bloomberg (Canada)]BNN Bloomberg
- Exxon and gas markets tell different stories [Reuters]Reuters
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/18/24 - Form PX14A6G
- XOM's page on the SEC website