JHVEPhoto WTI crude oil posted its best weekly performance in two months last week despite softer US inflation data, a strong US dollar, and a dismal performance from ex-US equities. While oil supply concerns remain apparent, both WTI and Brent have managed to hold the mid to high $70s per barrel. The same sort of price resilience is not seen in the relative strength of Energy sector stocks, however. Last Friday, the Energy Select Sector SPDR ETF (XLE) closed at its worst level versus the S&P 500 Trust ETF ...

Bet_Noire Exxon Mobil (NYSE:XOM) is set to improve its earnings power through targeted investments in high-potential production areas such as Guyana and Permian, while at the same time the extension of OPEC+ supply curbs could also have a positive effect on petroleum prices. Exxon Mobil provides deep free cash flow value for investors, and the company has said that it is looking to push high-growth upstream assets in a bid to boost the importance of the production segment. With petroleum prices possibly ben ...

JHVEPhoto Introduction The U.S. is the place to be. Personally, I have invested 100% of my money in companies in the United States, which is based on factors like better energy security, political stability (despite all the turmoil), and the wide range of fantastic securities to pick from. Over the past ten years, the S&P 500 has returned 235%. The iShares MSCI All-World ex U.S. ETF (ACWX) returned just 44%! Data by YCharts While this trend will reverse at some point in the future, the market is still eager ...

Exxon Mobil Corporation's (XOM) divestment of its oil and gas assets to Seplat Energy plc in Nigeria has faced significant hurdles but recent developments signal progress toward the deal's conclusion, per a report by Bloomberg. Nigeria's state oil company, the Nigerian National Petroleum Company (“NNPC”), has withdrawn its legal challenge to the transaction, removing a major obstacle that had stalled the $1.3-billion deal. The NNPC applied to a high court in Nigeria's capital, Abuja, to drop the case, a mov ...

文章核心观点 - OPEC决定延长原油减产至2025年底,这对依赖高价实现盈利和自由现金流的能源公司来说是利好信号 [1][2][4] - 美国经济持续强劲,就业和工资增长良好,这也有利于能源需求和公司盈利 [3][15][16] - 在这种有利的宏观环境下,埃克森美孚有望实现大幅的盈利和自由现金流增长,并可能增加股票回购 [5][6][17][18][19] - 埃克森美孚目前股价仅为未来12个月预期利润的11.6倍,被认为是一个很好的投资机会 [19][20] 行业和公司分析 行业价格和利润 - OPEC决定延长原油减产3.66百万桶/日至2025年底,以及延长2.2百万桶/日减产至2024年9月底,这将支撑长期油价上涨 [9][10][11] - 高油价有利于埃克森美孚的自由现金流,至少到2025年 [11][12] 公司现金流 - 2024年第一季度,埃克森美孚的能源资产产生了147亿美元的经营现金流,扣除资本支出和资产出售后,剩余101亿美元的自由现金流 [12] - 这些自由现金流可用于股票回购,埃克森美孅目前有200亿美元的回购计划 [13] - 此外,埃克森美孚还计划到2027年实现150亿美元的结构性成本节约,这将进一步改善其盈利状况 [14] 公司估值 - 市场预计2025年埃克森美孚每股利润为9.76美元,同比增长7% [19] - 但目前埃克森美孚股价仅为未来12个月预期利润的11.6倍,被认为是一个很好的投资机会 [19][20]

文章核心观点 - ExxonMobil和QatarEnergy的110亿美元的Golden Pass LNG项目遭遇重大障碍,预计启动时间至少推迟6个月 [1] - 该项目原计划在未来一年内增加液化天然气(LNG)供应,但现在面临建设进度缓慢的不确定性 [1][2] - 项目延迟的主要原因是主承包商Zachry Holdings申请破产并退出项目,导致ExxonMobil需要重新评估时间表 [3] - 项目预算已超出原计划24亿美元,Zachry Holdings还通知裁员4,072名与该项目相关的工人 [3] - 尽管该厂已完成75%,但ExxonMobil尚未提供新的完工时间表 [4][5][6] 根据目录分类总结 项目概况 - Golden Pass LNG项目原计划将一个天然气进口码头改造为出口中心,以增加天然气供应链 [2] - ExxonMobil持有该项目30%的股权 [2] 项目进展 - 项目原计划第一条生产线今年投产,2025年达到1500万吨/年的满产能 [5] - 现计划第一条生产线将于2025年6月底投产,之后第二、三条生产线将分别于2025年12月和2026年3月投产 [6] - ExxonMobil正努力缓解延迟,确保项目按新时间表实现目标 [6] 行业动态 - 该项目延迟可能会影响未来一年内的LNG供应 [1] - 投资者可关注评级较高的能源股,如Archrock、SM Energy和Sunoco [7][8][9][10][11][12][13]

ExxonMobil's chemical recycling plant on October 11, 2023, in Baytown, Texas. ExxonMobil's facility ... [+] is one of only 11 US chemical recycling plants constructed, according to an October report by Beyond Plastics. (Photo by Sergio FLORES / AFP) (Photo by SERGIO FLORES/AFP via Getty Images) AFP via Getty Images ExxonMobil is under fire, again, from activist shareholders and investment advisors. CalPERS, the State of New York, proxy advisory firm Glass Lewis, and others are lining up to vote against nomi ...

Exxon Mobil Corporation (XOM) is facing significant backlash from major investors due to its recent legal actions against climate activist investors. The fund, managed by Norges Bank Investment Management (“NBIM”), announced that it would vote against the reappointment of ExxonMobil’s directors due to the company's lawsuit targeting climate activist investors. This decision comes in response to XOM’s lawsuit targeting two small investor groups advocating for the company to take stronger measures to reduce g ...

Exxon Mobil (XOM) has been volatile since a failed breakout and the oil giant reported its latest earnings results on April 26. Can XOM stock reclaim the throne of the energy industry? Or has the stock peaked? X The stock is back below its 50-day moving average. Shares also fell beneath the bottom of a base. Exxon completed its acquisition of Pioneer Natural Resources on May 3. The purchase is expected to more than double Exxon's Permian production volume to 1.3 million barrels of oil equivalent per day. En ...

文章核心观点 - 美国证券交易委员会(SEC)新政策允许更广泛地将涉及政治问题的股东提案纳入公司代理投票,而不考虑其对目标公司的潜在财务影响 [7][8] - 这一监管变化为股东活动中的政治化铺平了道路,使公司面临风险并损害其核心使命 [8] - 埃克森美孚公司面临来自多个州公共养老金基金的反对,这反映了公共养老金基金在履行受托人责任和政治考虑之间的矛盾 [3][4][5][6] - 埃克森美孚公司起诉两名激进股东,这可能标志着公司治理中政治化趋势的转折点 [9][10][11][12] - 这场冲突体现了公司实体与公共养老金基金之间在股东活动政治化问题上的较量,其结果可能会影响未来的公司治理格局 [13][14] 根据目录分别总结 1. SEC新政策允许更广泛的政治提案 - SEC的新政策允许将更多涉及政治问题的股东提案纳入公司代理投票,而不考虑其对公司财务的潜在影响 [7][8] - 这一监管变化为股东活动中的政治化铺平了道路,使公司面临风险并损害其核心使命 [8] 2. 埃克森美孚面临来自公共养老金基金的反对 - 加州公共雇员退休系统(CalPERS)和加州教师退休系统(CalSTRS)宣布反对埃克森美孚的CEO和董事会成员 [3] - 其他州的公共官员,如伊利诺斯州和纽约州,也加入了反对埃克森美孚的行列 [4] - 这反映了公共养老金基金在履行受托人责任和政治考虑之间的矛盾 [3][4][5][6] 3. 埃克森美孚起诉激进股东 - 埃克森美孚起诉两名激进股东Arjuna Capital和Follow This,这可能标志着公司治理中政治化趋势的转折点 [9][10][11][12] - 如果埃克森美孚胜诉,可能会迫使SEC重新评估其对股东提案的立场,更倾向于有利于股东回报而非政治议程的措施 [12] 4. 公司治理中的政治化趋势 - 这场冲突体现了公司实体与公共养老金基金之间在股东活动政治化问题上的较量 [13][14] - 其结果可能会影响未来的公司治理格局,有望将年度股东大会恢复为建设性对话的平台,而非政治剧场 [13][14]