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ExxonMobil (NYSE: XOM) has been a surprising stock market winner this year. Despite sluggish energy prices and the broader sector taking a back seat to the excitement in high-growth technology ...
ExxonMobil delivered industry-leading results and shareholder returns in the third quarter.
Free cash flow (FCF) was a robust $11.3 billion, significantly ahead of reported net income in the quarter. For the year to date, Exxon has generated $26.4 billion in positive free cash flow ...
ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry.A direct descendant of John D. Rockefeller's Standard Oil, the company traces its roots as far back as 1866 to the founding of the Vacuum Oil Company, which would become part of ExxonMobil through its own merger with Mobil during the 1930s.
ExxonMobil's stock is one of the most widely held securities in the investing world. That might have something to do with the fact it's one of the largest publicly traded companies in the world.
In December 1925, all Magnolia stock was exchanged for Standard Oil of New York shares, and the Texas assets were subsequently transferred to Magnolia Petroleum Company. [6] The Magnolia Refinery played a key role during World War II as it stepped up production and shipped oil globally. [ 7 ]
Exxon stock is down 3.2% in response, followed by BP at a 3.5% decline, with Conoco bringing up the rear with a 3.7% loss. ... Aiming to stabilize oil prices in the wake of a production cut from ...
When it comes to shares of Exxon Mobil (NYSE:XOM), it's all about the market price of oil. When oil prices plunge -- like they did in 2015-16 amid escalating supply and slowing demand -= XOM stock ...