Why is ExxonMobil's stock down more than 20 years?
After the oil crash of 2015, prices never recovered, and neither have Exxon's earnings. Its stock has lost value over the past 20 years compared to an increase of over 130% for the S&P 500. Exxon's stock has fallen for more than the simple fact that oil is out of favor.
What happened to Exxon and Chevron’s shares?
Chevron and Exxon, along with the rest of the oil and gas industry, took a beating as consumption and demand plummeted last year. Exxon’s shares fell 40% last year, taking its market value down by $120 billion. Chevron’s market cap plummeted $68 billion as its shares fell 30%.
Why did ExxonMobil merge with Mobil?
This need for greater efficiency is also the key impetus in the current merger of Exxon and Mobil, two parts of the old Standard Oil Company.
What does ExxonMobil Corporation need to do to grow its dividend?
What Exxon needs is a stable oil price where it can reach the margins needed to pay a growing dividend and achieve its long term production goals. For that to happen, Exxon would like for oil demand to start outpacing supply.
Should I hold or sell Exxon stock?
There are currently 2 sell ratings, 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Exxon Mobil stock.
Who is the transfer agent for Exxon Mobil stock?
ComputershareExxonMobil's stock transfer agent is Computershare.
What is the future of Exxon Mobil stock?
Stock Price Forecast The 23 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 105.00, with a high estimate of 128.00 and a low estimate of 77.00. The median estimate represents a +24.28% increase from the last price of 84.49.
Does Exxon stock ever split?
Exxon Mobil (XOM) has 5 splits in our Exxon Mobil stock split history database. The first split for XOM took place on July 26, 1976.
How do you cash out stocks on Computershare?
Once you have logged onto Investor Center, you will be on the Summary page. Click on View Details and then actions next the stock you choose to sell and then select Sell from the drop down. We will sell full and fractional shares on your behalf. However, you can also request a certificate for full shares.
How do I access my Computershare account?
To log on to this secure site and request your initial password, go to www.computershare.com/coca-cola and click on "Create Login."
Will Exxon stock go up 2022?
The stock is among the top 10 best performers in the S & P 500 this year, up 67% in 2022. However, analysts on average see Exxon's share price being relatively stagnant on a 12-month basis. The consensus price target on the stock is $103.02, according to FactSet.
Is Exxon a good long-term investment?
Having said that, Exxon Mobil alongside other high quality oil majors remain solid long-term investments in my view. XOM in particular, is in a good spot to lead in terms of high return on capital and investments in new low carbon solutions relative to its peers.
Does Exxon rebound?
Long-term ExxonMobil share price forecast The site's longer-term Exxon Mobil stock forecast for 2025 had the stock down to $82.56 in June 2025 and $78.99 a year later. The five-year forecast saw it at $77.89 by June 2027.
What stocks go up when gas prices go up?
The energy sector, including oilfield services firm Halliburton , has seen the largest stock gains on average as prices hike, according to data from a recent CNBC Pro screen. Past trends suggest these stocks have more steam to build based on their average gains and month-to-date moves so far.
When was the last XOM stock split?
Since 2001, however, ExxonMobil hasn't split its shares.
Are oil stocks a good buy?
Is oil a good stock investment? Oil stocks are a good investment in the near term due to elevated demand and uncertain macroeconomic factors.
What will the merger of Exxon and Mobil do?
Executives at Exxon and Mobil say that the merger will allow the new, more efficient company to close down outdated refineries, slash seven percent of their workforce and provide consumers with a better and cheaper product.
Why are mergers important?
While mergers can be crucial to achieving necessary economies of scale, they are often overrated as a tool for creating large and efficient companies that stay that way. Market forces and a never-ending torrent of entrepreneurs have tended to whittle away at large companies over the years in industry after industry.
What is the biggest merger ever?
The proposed Exxon-Mobil merger, the largest merger ever undertaken, has set nervous tongues wagging. Much of the concern stems from the perceived lessons of antitrust history.
Why did Rockefeller's size allow him to cut costs, optimize use of oil by-products and
Customers were the real winners here, because Rockefeller’s size allowed him to cut costs, optimize use of oil by-products and improve his marketing and distribution around the world. This need for greater efficiency is also the key impetus in the current merger of Exxon and Mobil, two parts of the old Standard Oil Company.
How much is Exxon's capital program in 2021?
Earlier, Exxon said it sees its 2021 capital program at $16 billion-$19 billion, down from $21.37 billion in 2020. On Tuesday, Woods said 2021 capex will be the lowest in 20 years. Exxon stock rose 1.6% to 45.63 on the stock market today. Exxon stock is on a downward trend toward its 50-day and 200-day lines. Chevron rose 0.75%.
What is Exxon's cash flow in 2021?
Exxon expects 2021 cash flow to cover capital expenditures while maintaining the dividend and a strong balance sheet. That's the case with Brent crude oil prices at $50 per barrel and low downstream and chemical margins.
How many barrels of oil will be produced by Exxon?
Permian production climbed 42% year-over-year to 418,000 oil-equivalent barrels per day in 2020. Exxon now sees volumes of approximately 700,000 barrels per day by 2025, down from an earlier view of more than 1 million bpd by 2024.
Is the Exxon-Chevron merger still ongoing?
Exxon-Chevron Merger Chat. The talks between Chevron CEO Mike Wirth and Woods were preliminary, sources told the Wall Street Journal, and aren't currently ongoing. But the sources told the Journal the discussions could be revisited in the future.
Did Chevron buy Noble Energy?
Oil majors have been on a buying spree for smaller oil companies in recent years to expand their shale assets in the U.S. Chevron bought Noble Energy for $13 billion last year. But analysts question the value of an Exxon-Chevron merger. "We do not see a major benefit from a merger of these two behemoths.
How much revenue did 2Q20 have?
I would not comment on the revenues and net income because I consider the 2Q'20 atypical. A quick look at 2Q'20 would show a combined revenue of $46.1 billion and a net loss of $9.35 billion.
Is CVX a part of Exxon Mobil?
Let's assume that Chevron Corp. (NYSE: CVX) and Exxon Mobil (NYSE: XOM) are considered two equal parts of a more significant business entity called "NewChevron," created after a hypothetical merger. This idea has been entertained by Sankey Research and discussed on Barron's on October 12, 2020.
What happened to Exxon and Chevron?
Chevron and Exxon, along with the rest of the oil and gas industry, took a beating as consumption and demand plummeted last year. Exxon’s shares fell 40% last year, taking its market value down by $120 billion. Chevron’s market cap plummeted $68 billion as its shares fell 30%.
Who is the CEO of Chevron?
Chevron Chief Executive Mike Wirth and Exxon Mobil CEO Darren Woods spoke early last year about merging the two heavyweights just after the onset of the coronavirus pandemic tanked the oil and gas sector, the Wall Street Journal reported Sunday.
Were they talking about a merger?!
In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool analyst Jason Moser to discuss the latest news regarding the CEOs of Chevron ( CVX 4.10% ) and ExxonMobil ( XOM 2.69% ) talking about a potential merger. Also, McCormick ( MKC 2.22% ) serves up higher sales in the fourth quarter.
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How Exxon Mobil Could Surprise
In June, I gave a detailed analysis of what is ailing Exxon Mobil stock in 2020. The core problem is that all of the company’s different business units are struggling at once. Historically, when energy prices fall, something else, like refining or chemicals does well.
Analysts Expect a Poor Earnings Report
If you’re looking for a bullish outcome for Exxon Mobil stock out of this earnings report, that’s how you would get there. On the whole, though, consensus is negative coming into this report, and with good reason. Oil prices are still low (albeit improving), natural gas is in the dumps and refining and chemical margins are weak.
The Verdict on Exxon Mobil Stock
I own Exxon Mobil stock and remain bullish on its long-term prospects. If you are focused on a multi-year time horizon, there’s nothing wrong with Exxon Mobil here.
What does Exxon need?
What Exxon needs is a stable oil price where it can reach the margins needed to pay a growing dividend and achieve its long term production goals. For that to happen, Exxon would like for oil demand to start outpacing supply.
What was the average price of oil in 2008?
During the height of the Great Recession, oil endured immense volatility, with the monthly average for WTI crude reaching as high as $133.88 per barrel in June 2008 and then as low as $41.12 that December.
Is Exxon's debt burden ballooning?
On top of that, its debt burden is ballooning and its free cash flow (FCF) has gone negative as a result of the COVID-19 pandemic's impact on oil and gas demand and prices. Lower FCF means Exxon is now supporting its dividend with debt, which is unsustainable over the long term.
