Is Exxon (Xom) stock a buy?
XOM stock is taking a hard look at climate change and greenhouse gas emissions following pressure from investors. But analysts are bullish on oil prices in 2022. Bottom line: Exxon stock is currently a buy.
How did ExxonMobil's XTO deal affect shareholder dilution?
The XTO deal's massive price tag - $30 billion in Exxon stock plus the assumption of more than $10 billion in XTO debt-led to shareholder dilution that took years of buybacks to offset. From 2010 to 2015, the company reduced its outstanding shares to 4.16 billion from 5.1 billion, according to data from CFRA Research.
What was the Henry Hub price when Exxon bought XTO?
In 2008, the benchmark spot Henry Hub price peaked at $13.00/MMBtu. Exxon announced its bid for XTO in mid-December 2009 when the Henry Hub price was around $5.00/MMBtu. The deal closed in June 2010, but gas prices fell below $4.00/MMBtu in September 2011 and broke below $2.00/MMBtu in April 2012.
Did ExxonMobil's acquisition of XTO pave the way to tight oil?
From a strategic standpoint, the XTO acquisition did pave the way for Exxon to segue into tight oil, Dehne-Kiley said. Tillerson was still at the helm in 2017 when XTO acquired more than $6 billion of Permian acreage and assets from the Bass family of Texas, which more than doubled Exxon's potential from the region.
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When did XOM buy XTO?
On December 14, 2009, ExxonMobil agreed to acquire XTO Energy Inc. through a merger. ExxonMobil acquired XTO Energy in a deal valued at $36 billion, involving the issuance of 416 million shares of stock and assuming the company's $11 billion in debt.
Is XTO part of Exxon?
Operating as a subsidiary of Exxon since 2010, XTO has operations in 14 U.S. states, with holdings in every major shale play.
Is Exxon selling XTO?
Exxon and subsidiary Imperial Oil are selling XTO Energy Canada to Whitecap Resources.
Who is buying XTO Energy?
Exxon Mobil Corp.NEW YORK (MarketWatch) -- Exxon Mobil Corp. announced Monday it struck a $41 billion, all-stock deal to buy Houston-based XTO Energy Inc., placing a big bet on the future of the domestic natural gas market.
Does Exxon own Enbridge?
Enbridge has a 30-percent ownership interest in the pipeline, which is jointly operated by ExxonMobil.
Who owns ExxonMobil today?
As of March 2019, ExxonMobil's largest shareholders include The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). ExxonMobil is one of the largest of the world's Big Oil companies....ExxonMobil.TypePublicTotal equityUS$168.577 billion (2021)Number of employees64,000 (2021)18 more rows
Will the Barnett Shale come back?
Fewer natural gas wells are being drilled in North Texas today, but it doesn't mean they're not coming back. "It's in hibernation," Steinsberger added. "There's over 20,000 Barnett wells drilled in the last 20-something years, but if the gas prices went up significantly, those rigs would start coming back."
Who is the CEO of XTO?
Randy J. Cleveland (Jun 1, 2013–)XTO Energy / CEO
Why is Exxon selling assets?
The asset sale is part of Exxon's plans to divest smaller oil and gas operations as it looks to pay down debt and reward shareholders. For Imperial, it is part of its "strategy to focus upstream resources on key oil sands assets", the company said. The sale is expected to close before the end of the third quarter.
Who is Presidio petroleum?
Headquartered in Fort Worth, Texas, Presidio Petroleum is a leading oil and gas efficiency company with assets located in the western Anadarko Basin of Texas, Oklahoma, and Kansas. The company is backed by Morgan Stanley Energy Partners.
Where is XTO Energy located?
Spring, TexasThe headquarters for XTO Energy Inc. is located at the ExxonMobil campus in Spring, Texas. 22777 Springwoods Village Pkwy.
What is shale oil and gas?
What is Shale? Shale is porous rock that holds natural gas and their liquid components. These hydrocarbons are accessed by hydraulic fracturing, commonly referred to as “fracking.” This creates fractures in sedimentary rock by using water mixed with small amounts of sand and additives to release the natural gas or oil.
How much did Exxon spend on shale?
In early 2018, Exxon announced plans to spend $50 billion on building out its U.S. upstream operations over five years, shifting its focus to short-cycle shale projects in the Permian Basin and Bakken Shale and away from other longer-cycle development projects around the world, Dehne-Kiley said.
What was the price of the Henry Hub in 2008?
In 2008, the benchmark spot Henry Hub price peaked at $13.00/MMBtu. Exxon announced its bid for XTO in mid-December 2009 when the Henry Hub price was around $5.00/MMBtu. The deal closed in June 2010, but gas prices fell below $4.00/MMBtu in September 2011 and broke below $2.00/MMBtu in April 2012.
Was Exxon a late party?
Exxon was late to the shale party, or 'just wrong'. In the years leading up to the shale boom, Exxon had turned its attention away from the Lower 48. The company instead focused on overseas operations, Tillerson said at KPMG's Global Energy Conference in June.
Did XTO buy Exxon?
Tillerson was still at the helm in 2017 when XTO acquired more than $6 billion of Permian acreage and assets from the Bass family of Texas, which more than doubled Exxon's potential from the region.
Signals & Forecast
The Exxon Mobil Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Support, Risk & Stop-loss
Exxon Mobil Corporation finds support from accumulated volume at $74.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Exxon Mobil Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Exxon Mobil Corporation stock to perform well in the short-term.
Insiders are negative selling more shares than they are buying in Exxon Mobil Corporation
In the last 100 trades there were 1.42 million shares bought and 1.69 million shares sold. The last trade was done 17 days ago by Littleton Stephen A who sold 10 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
About Exxon Mobil Corporation
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
How much has Exxon earnings stagnated?
Exxon earnings have stagnated at 0% over the last three years, according to IBD's Stock Checkup. On the revenue side, Exxon's three-year growth rate has fallen 13%. Investors generally should look for stocks with sustained earnings and sales growth of at least 25%.
What company bought CXO?
And in October, ConocoPhillips ( COP) agreed to buy Concho Resources ( CXO) in an all-stock deal valued at $9.7 billion, creating the biggest independent U.S. oil producer. But a potential blockbuster merger could be possible.
How much money does Exxon have in 2025?
Exxon is in the midst of asset sales that could reach $25 billion through 2025, across Europe, Africa and Asia as it looks to free up more capital to invest in the Permian Basin and massive projects like an oil field in Guyana. Rivals are moving in to expand shale holdings.
How much is Exxon's operating cash flow?
Operating cash flow jumped 48% to $9.3 billion while drove a debt reduction of more than $4 billion. Exxon maintained its 2021 capital spending program at $16 billion-$19 billion. In addition to $3 billion in cost cuts in 2020, the company is on pace to achieve $3 billion in more cuts through 2023.
How much was Exxon's EPS in Q1?
Exxon reported Q1 EPS of 65 cents on revenue of $59.15 billion, beating analyst expectations. Operating cash flow jumped 48% to $9.3 billion while drove a debt reduction of more than $4 billion.
When will Exxon report Q2 results?
The company is scheduled to report Q2 results on Friday, July 30. Exxon has remained committed to its dividend even amid pressures during the Covid-19 pandemic, slashing spending and jobs to protect the payout. (Katherine Welles/Shutterstock) In December, Exxon slashed its five-year spending plan.
Is Exxon a shale company?
As demand shrinks, independent U.S. shale companies are scaling back spending to stay within their balance sheets, leaving the door open for oil majors. Exxon became a bigger shale player with a $5.6 billion deal in 2017 to double its oil and gas holdings in the Permian Basin.
How much of Exxon Mobil stock is owned by insiders?
In the past three months, Exxon Mobil insiders have not sold or bought any company stock. Only 0.05% of the stock of Exxon Mobil is held by insiders. 51.38% of the stock of Exxon Mobil is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
How much does Exxon Mobil make?
Exxon Mobil has a market capitalization of $234.33 billion and generates $181.50 billion in revenue each year. The oil and gas company earns $-22,440,000,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.
What is Exxon Mobil?
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As of December 31, 2020, it had approximately 22,239 net operated wells with proved reserves. The company was founded in 1870 and is based in Irving, Texas.
Is Exxon Mobil a dividend payer?
Exxon Mobil is a leading dividend payer. It pays a dividend yield of 6.07%, putting its dividend yield in the top 25% of dividend-paying stocks. Dividend Growth. Exxon Mobil has only been increasing its dividend for 1 years.
When did Exxon Mobil buy XTO?
On December 14, 2009, Exxon Mobil ( XOM) announced their acquisition of XTO Energy, a leading shale natural gas producer at the time, a deal that was valued at $41 billion at the outset, inclusive of $10 billion in XTO debt.
Has USO recovered from 2016 lows?
$WTIC crude oil prices ( USO) have recovered from their 2016 lows; however, they are a long way from where they were in 2010-2014, and they are far below their 2007/2008 high s.
