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Big-3 Oil Stocks Poised to Lead What Could Be a Historic Oil Rally
energy14 days ago

Big-3 Oil Stocks Poised to Lead What Could Be a Historic Oil Rally

The author argues that Chevron, Exxon Mobil, and ConocoPhillips stand to benefit from unprecedented Middle East oil disruptions, forecasting Brent crude could reach $150–$200 per barrel due to Strait of Hormuz closures, depleted reserves, and strong demand. With diversified assets outside the Middle East, the Big-3 are positioned for outsized profits as global supply tightens, and all three are rated as buys, with Chevron favored for its steady dividend growth and a ~3.9% yield.

via Seeking Alpha|
#chevron#energy#energy-sector
Exxon: Oil market hasn’t priced in Iran-war disruption, Hormuz closure risk persists
business24 days ago

Exxon: Oil market hasn’t priced in Iran-war disruption, Hormuz closure risk persists

Exxon Mobil CEO Darren Woods says the oil market has not fully priced in the disruption from the Iran conflict and the Strait of Hormuz closure, with buffers like tankers in transit, strategic reserves, and inventory drawdowns delaying price moves. He expects Persian Gulf flows to normalize within a month or two after the strait reopens, but prices could rise if the strait remains closed. Exxon projects a ~750,000 bpd hit to Middle East production if closures persist into Q2 2025, and about 15% of its total output is affected; Iranian attacks on LNG lines also weigh on upstream production. The stock edged lower while oil prices have surged since the war began.

via CNBC|
#business#exxon-mobil#iran-war
Hormuz Blockade Ignites 7% Oil Rally, Highlighting COP, CVX, XOM
energy1 month ago

Hormuz Blockade Ignites 7% Oil Rally, Highlighting COP, CVX, XOM

Oil jumps about 7% as the Strait of Hormuz blockade reroutes tankers to U.S. Gulf ports, boosting domestic crude demand. Three U.S. producers—ConocoPhillips (COP), Chevron (CVX), and Exxon Mobil (XOM)—are cited as beneficiaries of higher realized prices and robust Gulf infrastructure, supported by COP’s low-cost output, CVX’s diversified earnings and dividend growth, and XOM’s large production footprint. The piece notes recent 2025 results and dividend histories, cautions energy stocks remain volatile, and suggests starting small for long-term exposure.

via 24/7 Wall St.|
#conocophillips#energy#exxon-mobil
Exxon stock scales fresh high as Woods presses Venezuela protections
business4 months ago

Exxon stock scales fresh high as Woods presses Venezuela protections

Exxon Mobil’s stock rose about 2% to around $126.54, hitting a fresh high as investors reward the company’s steady profits and global footprint, including Guyana, despite President Trump’s threats to cut Exxon out of Venezuelan oil deals. CEO Darren Woods urged durable protections and contractual guarantees in Venezuela, while near-term crude prices hover in the mid‑$60s, helping fuel the rally.

via MarketWatch|
#business#donald-trump#energy-industry
Exxon's Venezuela candor tests Trump's oil gambit
politics4 months ago

Exxon's Venezuela candor tests Trump's oil gambit

Exxon Mobil CEO Darren Woods told President Trump that Venezuela is 'uninvestable,' a blunt assessment echoed by other oil leaders; Trump reacted negatively, signaling limits to U.S. investment, while industry cautions say any reconstruction would require major political and legal reforms and security guarantees, with Chevron currently the only major international operator in Venezuela, illustrating the risk and optics at the White House meeting.

via Bloomberg.com|
#energy-policy#exxon-mobil#oil
Exxon and Chevron Q3 Earnings Decline Amidst Low Oil Prices
business6 months ago

Exxon and Chevron Q3 Earnings Decline Amidst Low Oil Prices

Chevron and Exxon Mobil, two major U.S. oil companies, reported continued quarterly profit declines, though Chevron's earnings surpassed expectations while Exxon Mobil's fell short. The overall trend shows a slowdown in profit declines compared to previous quarters, amid fluctuating oil prices and geopolitical factors. Other energy companies like Shell and Total Energies reported mixed results, with some initiating share buybacks. U.S. oil prices remain volatile, influenced by global trade tensions and sanctions.

via Investor's Business Daily|
#business#chevron#energy-stocks
ExxonMobil Reports Strong Q2 Earnings Amid Ongoing Oil Demand
business9 months ago

ExxonMobil Reports Strong Q2 Earnings Amid Ongoing Oil Demand

Chevron and Exxon Mobil reported quarterly earnings with declines of over 20%, but are increasingly collaborating on global projects, including a significant agreement in Indonesia and legal disputes in Guyana that have recently been resolved in favor of Chevron. Both companies are focusing on expanding their production and shareholder returns despite market challenges, signaling a strategic shift towards partnership and growth in key oil regions.

via Investor's Business Daily|
#business#chevron#exxon-mobil
House Panel Uncovers 'Climate Cartel' Influence in Exxon Board Changes
politics1 year ago

House Panel Uncovers 'Climate Cartel' Influence in Exxon Board Changes

The House Judiciary Committee has released an interim report alleging that a "climate cartel" consisting of financial firms and climate activists engaged in collusion and anticompetitive behavior to enforce ESG goals on U.S. companies. The report claims that this group attempted to replace Exxon Mobil board members in 2021 after the company refused to commit to certain climate pledges.

via Bloomberg|
#collusion#esg-goals#exxon-mobil
Exxon CEO Urges Trump to Stay in Paris Climate Accord
politics1 year ago

Exxon CEO Urges Trump to Stay in Paris Climate Accord

Exxon Mobil CEO Darren Woods has warned that Donald Trump's potential decision to withdraw the U.S. from the Paris climate agreement could harm the oil industry by creating uncertainty and inefficiency. Despite Trump's "drill, baby, drill" stance, Woods emphasized the need for stable policies for long-term investments. Meanwhile, Elon Musk, once a strong climate advocate, has shifted his focus away from urgent climate action, aligning more with Trump's views. This ongoing policy pendulum creates challenges for businesses like Exxon Mobil.

via Fortune|
#climate-change#donald-trump#elon-musk
Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute
energy-and-environment2 years ago

Hess Shareholders Approve $53B Chevron Takeover Amid Exxon Dispute

Hess shareholders have approved a $53 billion sale of the company to Chevron, which includes a valuable stake in an Exxon Mobil-led oil project in Guyana. However, the deal faces legal challenges as Exxon contests the sale, arguing it has the right to buy Hess's stake. The dispute is currently in arbitration, and a decision may not come until next year.

via The New York Times|
#chevron#energy-and-environment#exxon-mobil
Hess Shareholders Approve $53B Chevron Merger Amid Exxon Dispute
business2 years ago

Hess Shareholders Approve $53B Chevron Merger Amid Exxon Dispute

Hess Corporation shareholders approved a $53 billion acquisition by Chevron, despite a dispute with Exxon Mobil over Hess' assets in Guyana. The deal's completion is uncertain due to arbitration proceedings initiated by Exxon, which claims a right of first refusal under a joint operating agreement. The merger, originally expected to close in early 2024, faces delays and scrutiny from the Federal Trade Commission.

via CNBC|
#business#chevron#exxon-mobil