EXXON MOBIL CORP News

company, XOM

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products segment offers fuels, aromatics, and catalysts, as well as licensing services. The Chemical Products segment manufactures and markets petrochemicals including olefins, polyolefins, and intermediates. The Specialty Products segment offers performance products, including lubricants, basestocks, waxes, synthetics, elastomers, and resins. The company is involved in the manufacturing, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and pursuit lower-emission business opportunities including carbon capture and storage, hydrogen, and lower-emission fuels. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

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EXXON MOBIL CORP Market News

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Exxon (XOM) Earnings, Hormuz Fallout & LNG Gains Q1

  • ExxonMobil’s Q1 results showed weaker headline earnings but robust adjusted cash generation, driven by upstream gains in Guyana and the start of LNG exports from Golden Pass. Near-term stock pressure came from a sharp crude-price slide after U.S. de-escalation around the Strait of Hormuz, which knocked XOM shares lower. Strong buybacks, dividends and operational progress leave Exxon positioned for recovery once oil-price volatility stabilizes.
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