In the recent earnings call, Exxon Mobil (XOM) reported both positive and negative aspects that could impact the company's future stock price.
Here are the specific viewpoints from the earnings call:
Bullish Points:
1. Reported $9.1 billion of earnings, an increase of $1.2 billion compared to the last quarter.
2. Strong operational performance.
3. Announced a 4% increase to the quarterly dividend to $0.95 per share.
4. Year-to-date cash proceeds from asset sales more than $3 billion.
5. Acquiring Denbury to economically reduce emissions in hard-to-decarbonize industries.
6. Potential to drive strong returns with the capacity to reduce the nation's carbon emissions by 100 million tons per year.
7. Signed an agreement to acquire Pioneer Natural Resources, strengthening upstream portfolio and creating significant value for shareholders.
8. Highest third quarter refinery throughput on record.
9. Started up Baytown Chemical expansion, providing 750,000 tons per year of new performance chemical capacity.
10. Earnings of $9.1 billion and cash flow from operations of $16 billion.
Bearish Points:
1. Volatility in the markets and the commodity cycle.
2. Need to ensure sustainability and ability to deliver on commitment.
For more information about Exxon Mobil's earnings call, you can read the relevant news: ExxonMobil (XOM) Q3 2023 Earnings Call Transcript
Comments
In my opinion, the oil short is trying to keep WTI in the $80.50 to $83.00 "basement zone" established over the last 4 trading days
Oil up half a buck early on, but the Dollar is flat, which is good during Asian markets. Looks as of this side of the Earth, we have a good week start coming if Europe plays along.
自第四季度开始以来，XOM正在使用不同的交易策略完成股票回购。jmo
I would think with the conflict, one stock you would want to own is an oil stock.
一個不那麼強硬的美聯儲可能會推動油價上漲
Well, the share price won't fall much for XOM.