Exxon Mobil Corporation’s (XOM) divestment of its Nigerian onshore assets to Seplat Energy is set to be approved in the coming days, as stated by Nigeria’s president Bola Tinubu, according to a Reuters report. This $1.28 billion deal has been under scrutiny since its announcement in 2022, with many analysts viewing it as a key indicator for the approval of similar transactions in the region.XOM’s Strategic Move in NigeriaExxonMobil’s decision to sell its Nigerian onshore assets to Seplat Energy highlights i ...

HOUSTON, TEXAS - FEBRUARY 01: An entrance to the ExxonMobil Spring campus is seen on February 01, ... [+] 2022 in Houston, Texas. ExxonMobil was the top-performing integrated supermajor in Q3 2024. (Photo by Brandon Bell/Getty Images)Getty ImagesThe S&P 500 finished the third quarter of 2024 with a gain of 5.5%, with all three major U.S. indices recording quarterly advances, though the Nasdaq lagged behind.Typically, the S&P 500 is somewhere in the middle of the overall sector performances, but not this tim ...

Exxon Mobil Corporation (XOM) is at the center of a legal battle as California Attorney General Rob Bonta announced a lawsuit against the company, accusing it of misleading the public about the impact of plastic recycling. The lawsuit, unveiled during New York City's Climate Week, stated that ExxonMobil is engaged in a decades-long campaign to downplay the limitations of plastic recycling, contributing to the global plastic waste crisis.XOM Defends Advanced Recycling Amid California's ClaimsPer a Reuters re ...

Santa Monica , CA - July 22: California Attorney General Rob Bonta listens to Gov. Gavin Newsom ... [+] during a news conference on gun legislation Friday, July 22, 2022. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)MediaNews Group via Getty ImagesCalifornia’s ambitious attorney general, Rob Bonta, filed his long-expected lawsuit targeting ExxonMobil related to plastics recycling Monday, a move that will no doubt result in years of litigation that will linger on long afte ...

Exxon Mobil (XOM) ended the recent trading session at $117.36, demonstrating a +1.81% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.Coming into today, shares of the oil and natural gas company had lost 0.9% in the past month. In that same time, the Oils-Energy sector gained 0.29%, while the S&P 500 gained 2%.Investors will be eagerly watching for the performance ...

We have covered the stock before, and there have been a number of changes since last quarter, which are the subject of this report. On the macro side:Invest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we provide equity and fixed income research services which become more and more well-known locally among both professional investors and private clients. Here’s what we do: - Cover top 120+ Russian, US and Chinese stocks - Cover 200+ Russian bonds (corporate, SOE’s) Provide our researc ...

Exxon Mobil Corporation (XOM) is currently considered expensive on a relative basis, with the stock trading at a 6.01x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 3.85x.A premium valuation generally indicates that the market has strong confidence in the company’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Z ...

Exxon Mobil Corporation’s (XOM) CEO Darren Woods issued a clear message to activist shareholders on Tuesday to adhere to the established rules when filing proposals. Speaking via video link to the Council of Institutional Investors in New York, Woods warned that ExxonMobil is prepared to take legal action if shareholders attempt to "abuse" the proxy proposal process.XOM's Stance on the Proxy Proposal SystemEarlier this year, ExxonMobil sued two activist groups— Follow This and Arjuna Capital — after they fi ...

Exxon Mobil (XOM) ended the recent trading session at $109.72, demonstrating a -0.99% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Elsewhere, the Dow saw an upswing of 0.31%, while the tech-heavy Nasdaq appreciated by 2.17%.The oil and natural gas company's shares have seen a decrease of 5.97% over the last month, not keeping up with the Oils-Energy sector's loss of 4.22% and the S&P 500's gain of 2.92%.Market participants will be close ...

sefa ozel XOM stock: Previous thesis and new developments I recently wrote an article on Exxon Mobil stock (NYSE:XOM) under the title "Exxon Mobil Q2: Pioneer Assets Create More Upside Potential." It was published on Aug. 2, 2024. The article was a review of its Q2 earnings as the title suggests. Specifically, I argued that: Exxon Mobil Corporation stock delivered strong Q2 earnings, beating consensus estimates on both lines. In particular, the progress and benefits from the Pioneer assets integration far e ...