What is the latest stock price for ExxonMobil Corporation?
The latest closing stock price for Exxon as of October 22, 2019 is 69.09. The all-time high Exxon stock closing price was 104.38 on June 23, 2014. The Exxon 52-week high stock price is 83.75, which is 21.2% above the current share price. The Exxon 52-week low stock price is 64.65, which is 6.4% below the current share price.
Why did ExxonMobil stock plunge 40% in 2020?
Shares of ExxonMobil ( NYSE:XOM) plunged 40.9% in 2020, according to data provided by S&P Global Market Intelligence. While a roughly 20% decline in oil prices played a role in Exxon's slump, it wasn't the only factor.
What is the forecast for Exxon Mobil stock for March 72?
The forecast for beginning of March 72.23. Maximum value 78.36, while minimum 69.48. Averaged Exxon Mobil stock price for month 73.50. Price at the end 73.92, change for March 2.34%.
What is the 52-week high and low for ExxonMobil Corporation?
The Exxon 52-week high stock price is 69.18, which is 0.4% above the current share price. The Exxon 52-week low stock price is 44.29, which is 35.7% below the current share price. The average Exxon stock price for the last 52 weeks is 58.41.
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Is Exxon Mobil a good buy right now?
Exxon Mobil's impressive EPS revisions help it land a Zacks Rank #1 (Strong Buy) right now. Exxon Mobil also grabs an overall “A” VGM grade and its industry is in the top 20% of over 250 Zacks industries. XOM stock has climbed 50% in the last year to outpace its industry's 35% run and the market's 12% decline.
Is Exxon stock expected to rise?
Exxon Mobil Corp (NYSE:XOM) The 23 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 105.00, with a high estimate of 125.00 and a low estimate of 77.00. The median estimate represents a +20.52% increase from the last price of 87.12.
Is Exxon stock a good investment?
In fact, Exxon is one of the few stocks likely to deliver solid returns for the next decade or more. With a market value of $367 billion, the Irving, Tex. -based firm towers over every other energy producer, both globally and in the U.S. Analysts expect the company to haul in $222 billion in revenues this year.
What's the highest Exxon stock has ever been?
The all-time high Exxon stock closing price was 104.59 on June 08, 2022.
What is Exxon's target price?
Stock Price TargetHigh$125.00Low$77.00Average$103.02Current Price$89.24
Will Exxon stock go up 2022?
Two analysts hiked their price targets on Exxon shares Tuesday after the stock breached $100 for the first time since 2014. Goldman Sachs analyst Neil Mehta sees a 22% return for Exxon on expectations that Brent oil prices will average $135 per barrel in the second half of 2022.
What is the best oil stock to purchase?
Top 8 Oil Stocks To Consider in 2022StockPriceMarket CapExxon Mobil Corporation (XOM)$91.48$399.79 billionShell plc (SHEL)$52.45$202.13 billionMarathon Petroleum Corporation (MPC)$91.36$53.50 billionMarathon Oil Corporation (MRO)$24.90$19.86 billion4 more rows•Jun 29, 2022
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Is Shell bigger than Exxon?
Big Oil Supermajor #4: Shell (SHEL) Shell is an oil and gas supermajor, the second largest behind Exxon Mobil in terms of annual production volumes.
How many times has Exxon stock split?
According to our Exxon Mobil stock split history records, Exxon Mobil has had 5 splits.
Is Exxon the biggest company in the world?
(ExxonMobil), the largest oil company and the third-largest company in the world. This was the largest corporate merger at that time. At the time of the merger, Exxon was the world's largest energy company while Mobil was the second-largest oil and gas company in the United States.
Is Exxon still in business?
in 1972. The two companies merged in 1999 to become Exxon Mobil Corp. 1 Today, Exxon Mobil is the world's second-largest public energy company with a market capitalization of about $175 billion, and posted revenue of $255.6 billion in 2019.
Why is Exxon stock dropping?
Key Data Points. Lower oil prices would cut into ExxonMobil's profits, which explains why its stock is sinking. The company's current high profits drew criticism from President Biden on Friday.
How high will Chevron stock go?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for Chevron Corp have a median target of 180.00, with a high estimate of 210.00 and a low estimate of 150.00. The median estimate represents a +24.76% increase from the last price of 144.28.
Is CVX a buy or sell?
Out of 15 analysts, 7 (46.67%) are recommending CVX as a Strong Buy, 3 (20%) are recommending CVX as a Buy, 4 (26.67%) are recommending CVX as a Hold, 0 (0%) are recommending CVX as a Sell, and 1 (6.67%) are recommending CVX as a Strong Sell.
Is Shell a buy?
Shell is currently trading on less than six times 2022 forecast earnings. A low price-to-earnings ratio is a traditional value indicator, suggesting the shares could be cheap. If Shell can take advantage of its lower cost base to generate more stable profits, I think there could be an opportunity here.
Is ExxonMobil stock a Buy, Sell or Hold?
ExxonMobil stock has received a consensus rating of buy. The average rating score is Aa2 and is based on 25 buy ratings, 18 hold ratings, and 3 sel...
What was the 52-week low for ExxonMobil stock?
The low in the last 52 weeks of ExxonMobil stock was 52.11. According to the current price, ExxonMobil is 192.80% away from the 52-week low.
What was the 52-week high for ExxonMobil stock?
The high in the last 52 weeks of ExxonMobil stock was 105.57. According to the current price, ExxonMobil is 95.16% away from the 52-week high.
What are analysts forecasts for ExxonMobil stock?
The 46 analysts offering price forecasts for ExxonMobil have a median target of 73.55, with a high estimate of 120.00 and a low estimate of 36.00....
How much oil will be released from the Strategic Petroleum Reserve?
Is oil a boon for Exxon?
The Energy Department will release 50 million barrels of oil from the Strategic Petroleum Reserve as part of efforts to lower gasoline prices.
What is Exxon Mobil?
The positive trajectory in oil price is a boon for ExxonMobil's (XOM) upstream operations.
What is the NYSE?
Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation head quartered in Irving, Texas.
Is ExxonMobil a publicly traded company?
NYSE. About. . . Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999 by the merger of Exxon and Mobil.
Is ExxonMobil a Fortune 500 company?
One of the world's largest companies by revenue, ExxonMobil from 1996 to 2017 varied from the first to sixth largest publicly traded company by market capitalization . The company was ranked third globally in the Forbes Global 2000 list in 2016.
What is Exxon Mobil?
ExxonMobil was the tenth most profitable company in the Fortune 500 in 2017. As of 2018, the company ranked second in the Fortune 500 rankings of the largest United States corporations by total revenue.
Is ExxonMobil a refiner?
Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.
What happened to Exxon Mobil in 2020?
ExxonMobil holds an industry leading inventory of resources, is one of the largest refiners and marketers of petroleum products and its chemical company is one of the largest in the world. Stock Name. Country. Market Cap.
How much money does Exxon invest in 2021?
Crashing crude oil prices in 2020 threw a wrench into ExxonMobil's long-term plan. The company had to slash spending so that it didn't pile on too much more debt, but it still significantly outspent cash flow to maintain its dividend.
How much did Exxon lose in 2020?
Exxon also changed its long-term strategy in 2020. It plans to prioritize high-value assets, which will result in it investing only $16 billion to $19 billion in capital projects in 2021 while spending an annual average of $20 billion to $25 billion through 2025. That's a roughly $10 billion yearly reduction from its initial long-term forecast. As a result, it won't grow its production and earnings as much as it initially envisioned.
What happened to the oil market in 2020?
Meanwhile, persistently low oil prices caused Exxon to lose billions of dollars in 2020. Through the third quarter, the oil giant posted more than $2.3 billion in losses. But that pales compared to what the company anticipates for the fourth quarter, as it warned it would record a massive writedown of up to $20 billion in assets.
Why did the company outspend its cash flow in 2020?
The COVID-19 outbreak upended the oil market in 2020. It caused demand to fall off a cliff, which forced oil companies like Exxon to shift gears. Exxon initially responded by reducing its 2020 capital spending program by 30% and operating expenses by 15%. Image source: Getty Images.
Will Exxon stock bounce back in 2021?
While those moves helped reduce the bleeding, the company significantly outspent its cash flow in 2020, partly because it maintained its massive dividend.
Stock Price Forecast
Because of that, Exxon's stock might not bounce back in 2021.
Analyst Recommendations
The 25 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 81.00, with a high estimate of 105.00 and a low estimate of 66.00. The median estimate represents a +5.51% increase from the last price of 76.77.
