Exxon Mobil Corp $ 36.43 -0.76 (-2.04%)
Exxon Mobil Corp News and Headlines -
I got very excited when I came across an excerpt from Jordan Ellenberg's book, "How Not to Be Wrong." His book was written to teach readers how much logic and common sense is provided by math. He tells the story of Abraham Wald during World War II, who worked for the Statistical Research Group. The SRG was a group of mathematicians who sought to improve the U.S.'s chances of success by analyzing data on a myriad of subjects. The case that opens Ellenberg's book is how Wald approached analyzing bullet holes on planes that came back from missions. Below is
As weak demand among American consumers continues to be a concern in the recovery of oil prices amidst the Covid-19 pandemic, CNBC reported the commodity is on course for its biggest weekly decline since June.
Brent crude, which serves as the international benchmark, was up 0.6% at $44.35 on Friday, culminating in a 1.6% drop for the week. West Texas Intermediate rose 0.5% to $41.55, prepping for its first weekly drop in five weeks.
Based on these developments, investors may be looking for opportunities in the energy sector that gurus also see value in.
Before the market opens on Monday, Aug. 31, the 30-stock Dow Jones Industrial Average will be replacing Exxon Mobil (XOM), Pfizer (PFE) and Raytheon Technologies (RTX) with Salesforce.com (CRM), Amgen (AMGN) and Honeywell International (HON) in a major shakeup for the index.
According to a statement by Dow Jones Indices, the changes "help diversify the index by removing overlap between companies of similar scope and adding new types of businesses that better reflect the American economy."
Such a big change is unusual for the index, as Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, told CNBC in an
Royal Dutch Shell (RDS.A)(RDS.B) cut its dividend for the first time since World War II back in the first quarter of the year. Now, while this undoubtedly spooked investors, and many oil majors have been loath to follow suit, (ExxonMobil (XOM), for instance, took on more debt and slashed other expenses just so it could maintain its payouts), there is a silver lining to being the first to do such a thing - now that the proverbial band-aid has been ripped off, management can move forward and reposition the company and, of course, have left the door open to
I recently discussed the state of the oil industry after what has been an extremely bad quarter. In part two of this series on the energy sector, we will look at how different oil majors have approached the question of dividend payments in an age of falling earnings.
To slash or not to slash?
In part one, I noted that the European oil giants like Royal Dutch Shell (RDS.A)(RDS.B) and British Petroleum (BP) booked huge impairment charges last quarter. By contrast, U.S. giants like Chevron (CVX) and ExxonMobil (XOM) had relatively smaller impairment charges. There
The Dow Jones Industrial Average closed at 26,828.47 on Tuesday with a gain of 164.07 points or 0.62%. The S&P 500 closed at 3,306.51 for a gain of 11.90 points or 0.36%. The Nasdaq Composite closed at 10,941.17 for a gain of 38.37 points or 0.35%. The VIX Volatility Index was lower at 23.78 for a loss of 0.50 points or -2.06%.
Tuesday’s market movers
U.S. indexes ended with small gains Tuesday, staying in the green following a two-day tech rally. Stocks started lower in early morning trading as investors took some profits, which detracted from the day’s results. A
With oil prices stabilizing somewhat after a disastrous first quarter, players in the oil patch like Exxon Mobil (XOM) were able to claw back some early-year losses. While Covid-19’s impacts on demand likely will continue to challenge the energy industry in the quarters ahead, we believe that a best-in-class name like Exxon, given its significant, long-duration reserves and attractive position on the oil-cost curve, is better equipped than most to withstand lower prices.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s Global Income Builder Fund's second-quarter 2020 letter.
The old adage “don’t fight the Fed” has surely been proven right over many short periods of time—second quarter 2020 among them. The powerful rebound in both stocks and bonds that began in late March extended through the second quarter, even as the Covid-19 pandemic continued to ravage the globe. Driven by a massive influx of liquidity from the Fed and other global policymakers, investors piled into growth-related equities, including shares of new-economy companies that appeared to be speculative plays on uncertain future potential, as well as passive corporate bond ETFs that provide indiscriminate exposure to debt issuers.
The Dow Jones Industrial Average closed at 26,840.40 on Tuesday with a gain of 159.53 points or 0.60%. The S&P 500 closed at 3,257.30 for a gain of 5.46 points or 0.17%. The Nasdaq Composite closed at 10,680.36 for a loss of 86.73 points or -0.81%. The VIX Volatility Index was higher at 24.91 for a gain of 0.45 points or 1.84%.
Tuesday’s Market Movers
U.S. indexes closed mostly higher Tuesday, though the Nasdaq gave back some of its record gains.
In Europe, the European Union reported an agreement on a substantial Covid-19 rescue fund. The news came just a
With markets extremely difficult and volatile as we work through Covid-19, we thought it would be good to review important parts of our investment discipline. One way to do that is to consider stocks we found via our eight criteria for stock selection and did not keep long enough to get to their ultimate rewards.
Warren Buffett (Trades, Portfolio) is always asked what his biggest mistake has been in his stock-picking discipline over the years. He points out that it was his “sins of omission” which hurt his results the most. In other words, stocks which he
As the world continues to fight the Covid-19 pandemic, one highly promising sector that has been put on the backburner by the investor community is the green energy space. It only appears to be a matter of time before this comes back to focus, which is when companies like FuelCell Energy Inc. (FCEL) will be back in the limelight.
FuelCell Energy is one of the oldest clean energy companies, and it managed to deliver an excellent quarterly result even in the lockdown situation. As it readies itself to issue an additional $75 million worth of stock, the price is falling
Pershing Square founder Bill Ackman (Trades, Portfolio) is perhaps one of the best-known activist investors in the world. Activists, as their name suggests, take an active role in managing the companies that they own. Of course, any shareholder has the right to involve themselves in the running of their business in theory, but in practice, many investors are happy to leave the running of their companies to management.
In a recent interview with The Knowledge Exchange, Ackman stated his opinion that index funds could take on a more activist role in the future. Here’s
The Dow Jones Industrial Average closed at 25,128.17 on Thursday with a loss of 1,861.82 points or -6.90%. The S&P 500 closed at 3,002.10 for a loss of 188.04 points or -5.89%. The Nasdaq Composite closed at 9,492.73 for a loss of 527.62 points or -5.27%. The VIX Volatility Index was higher at 40.78 for a gain of 13.21 points or 47.91%.
Thursday’s Market Movers
U.S. indexes ended lower Thursday after selling in equities. Investors were concerned over coronavirus infections with the number of infected individuals increasing to over 2 million. Investors also appeared to be taking some gains from
To enhance the effectiveness of their search for value opportunities, investors may want to screen the market for stocks whose "Graham blended multiplier” is 22.5 or less. The multiplier, which was developed by Benjamin Graham, the father of value investing, equals the stock’s price-earnings ratio times its price-book ratio.
Thus, value investors may want to consider the following three stocks, as their Graham blended multipliers are 22.5 or less.
The first stock to consider is Exxon Mobil Corp. (XOM), the Irvine, Texas-based producer of crude oil and natural gas.
Shares of Exxon Mobil closed at a price of
The firm takes a long-term, flexible, absolute return-oriented investment approach that does not attempt to “beat the benchmark.” Instead, it seeks to achieve attractive returns while providing downside protection. The firm manages a variety of funds under the leadership of president and CEO Mehdi Mahmud and Chief Financial Officer Brian Margulies. Matthew McLennan serves as the lead portfolio manager for First Eagle’s Global Value investment strategies.
Based on its core investing strategy, the firm’s biggest
The guru boosted the AT&T Inc. (T) position by 748.51% in the fourth quarter and then added 3.13% in the first quarter.
The company, which operates in the telecommunication services industry, has a market cap of $212.25 billion. Its revenue of $4.99 billion has fallen 0.80% over the last five years.
The Dow Jones Industrial Average closed at 24,331.32 on Friday with a gain of 455.43 points or 1.91%. The S&P 500 closed at 2,929.80 for a gain of 48.61 points or 1.69%. The Nasdaq Composite closed at 9,121.32 for a gain of 141.66 points or 1.58%. The VIX Volatility Index was lower at 27.98 for a loss of 3.46 points or -11.01%.
For the week, the Nasdaq gained 6%, the S&P 500 gained 3.4% and the Dow Jones gained 2.5%. For the year, the Nasdaq has a gain of 1.66%, the S&P 500 is down 9.32% and the Dow Jones
For the past decade, there has been an ongoing debate in the financial community about value investing. Since the aftermath of the financial crisis, value stocks have substantially underperformed growth stocks, despite the latter's rising valuations and the former's cheapening multiples.
Trying to explain why this phenomenon has come into existence is difficult. There is no single correct answer.
One explanation is the idea that value stocks are often companies in declining industries, suffering from falling sales, rising costs and high levels of debt. Growth stocks, on the other hand, are much less likely to be in declining industries.
The Dow Jones Industrial Average closed at 23,749.76 on Monday with a gain of 26.07 points or 0.11%. The S&P 500 closed at 2,842.74 for a gain of 12.03 points or 0.42%. The Nasdaq Composite closed at 8,710.71 for a gain of 105.77 points or 1.23%. The VIX Volatility Index was lower at 35.93 for a loss of 1.26 points or -3.39%.
Monday’s market movers
The major U.S. indexes ended higher Monday with gains capped by new U.S. and China tariff tensions. President Trump has threatened to impose new tariffs and other penalties for Chinese imports in retaliation for China’s
With oil prices plummeting during the quarter on concurrent supply and demand shocks, stocks across the energy complex suffered. While Exxon Mobil (XOM) fell sharply alongside all other energy producers, we believe Exxon is better equipped than most of its competitors to withstand lower prices given significant, long-duration reserves and an attractive position on the oil-cost curve.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s Global Income Builder Fund first-quarter 2020 shareholder commentary.