Exxon Mobil Corporation
Vigilo - Real Time Intelligence Report
Company Information
| Company Name | Ticker | As of Date | |
|---|---|---|---|
| Exxon Mobil Corporation | XOM.N | 09-08-2024 | |
| Sector | Industry | ||
| Energy | Oil & Gas Exploration & Production | ||
| Country | |||
| USA | |||
Key Risk Metrics
| Period | ST | LT |
|---|---|---|
| Cumulative Score | 0.1 | 1.5 |
Heat Map
Business Description
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally.
Company level
Our 0-3 months cumulative score on Exxon Mobil Corporation [XOM.N] is 0.1 represents positive impact of the recent events.
A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers.
Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD). • The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin. The combined company’s more than 1.4 million net acres in the Delaware and Midland basins have an estimated 16 billion barrels of oil equivalent resource.
ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.
Macro Level
Price rises in the US cooled in June, building hopes that the world's largest economy is moving on from the bout of high inflation that hit after the pandemic.
US Federal Reserve Chair Jerome Powell said on Tuesday, May 14, that he expects US inflation to resume declining through 2024 as it did last year, however, his confidence on lower inflation has lately dropped with the quick rise in prices during the first quarter.
Industry Level
After a harsh winter in January that reduced oil and gas output, U.S. drillers are ramping up again, with the February average daily gaining 600,000 bpd from January, according to data from the Energy Information Administration.