Exxon Mobil Corporation Shares On The Rise As Energy Worries Increase
December 28, 2022
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Exxon Mobil ($NYSE:XOM) Corporation is well known for its exploration and production activities, as well as its refining and marketing of petroleum products. In recent weeks, Exxon Mobil Corporation shares have been on the rise as energy worries have increased in response to the severe winter storms across the U.S. and Canada. These storms have caused massive power outages, leaving many households without electricity or heat for extended periods of time. This has led to an increase in demand for energy, resulting in higher prices for oil, natural gas, and other energy sources. This has in turn caused the stock price of Exxon Mobil Corporation to rise as investors have become more optimistic about the company’s prospects.
Exxon Mobil Corporation has also taken steps to capitalize on the situation by expanding its refining and marketing activities in the U.S. and Canada. The company has also announced plans to invest in new technologies to help keep energy costs low for customers. This has further increased investor confidence in the stock, leading to an increase in its share price. The company has taken proactive steps to capitalize on this situation, leading to increased investor confidence and a corresponding rise in share prices.
Price History
At a time when news headlines are mostly negative, the Exxon Mobil Corporation (XOM) has seen its stock shares rise in the markets. On Tuesday morning, XOM opened at $109.3 and closed at $110.2, up 1.4% from the previous closing price of $108.7. This closing price is a new high for the company, despite the fact that oil prices have been volatile throughout the year. The overall energy market has been in turmoil due to the coronavirus pandemic and the resulting shutdown of economies worldwide. Although XOM saw a brief dip in stock prices earlier this year, the company has recovered and is now trading at a higher level than it was before the pandemic began. Analysts attribute this to the company’s strong performance in the face of adversity, as well as to its resilience in the face of global economic uncertainty.
XOM is also seen as a safe haven for investors looking to protect their investments in these uncertain times. The rise in XOM’s share prices may also be attributed to the company’s long-term strategy of diversifying its portfolio in order to mitigate against rising energy costs and macroeconomic factors. This includes investing in renewable energy sources such as solar and wind, as well as engaging in joint ventures and partnerships with other energy companies. Overall, XOM is proving itself to be an attractive investment opportunity in a challenging economic climate. With energy worries increasing, XOM shares have been on the rise, providing investors with a safe and profitable option for their portfolios. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Exxon Mobil. More…
| Total Revenues | Net Income | Net Margin |
| 386.82k | 51.86k | 13.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Exxon Mobil. More…
| Operations | Investing | Financing |
| 76.3k | -11.5k | -38.14k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Exxon Mobil. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 370.15k | 177.11k | 42.55 |
Key Ratios Snapshot
Some of the financial key ratios for Exxon Mobil are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 54.3% | 18.5% |
| FCF Margin | ROE | ROA |
| 15.4% | 24.6% | 12.1% |
VI Analysis
Company fundamentals are an important factor to consider when evaluating the long term potential of a company. The VI app simplifies the analysis process by providing a Star Chart to quickly assess a company’s performance across key metrics such as dividend, growth, asset, and profitability. EXXON MOBIL is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors interested in investing in such a company may find this type of company attractive due to its long-term potential and ability to sustain operations in times of crisis, as evidenced by its high health score of 10/10 considering its cashflows and debt. In addition, EXXON MOBIL’s strong performance across dividend, growth, assets, and profitability make it an attractive option for investors looking for a long-term investment with the potential for high returns. Furthermore, the company’s strong competitive advantage makes it a good option for investors who are looking for a stable and consistent return. Overall, EXXON MOBIL is an attractive option for investors looking for a long-term investment with the potential for high returns and stability. The company’s strong performance across key metrics, strong competitive advantage, and high health score make it an attractive option for investors looking for a long-term investment. More…
VI Peers
The oil and gas industry is a highly competitive sector. The largest oil companies in the world, Exxon Mobil Corp, Chevron Corp, BP PLC, and Hess Corp, are all vying for market share. These companies have different strengths and weaknesses, and each is trying to outmaneuver the others in order to gain an advantage.
– Chevron Corp ($NYSE:CVX)
Chevron is an American energy company with a market cap of 313.46B as of 2022. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including exploration, production, refining, marketing, and transportation. Chevron also has interests in chemicals, mining, and power generation. Chevron’s return on equity was 16.97% as of 2022.
– BP PLC ($LSE:BP.)
HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, United Kingdom. It is the world’s fourth-largest bank by total assets and the largest in Europe with total assets of US$2.374 trillion. HSBC traces its origin to a hong in Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991. The last surviving member of the Hong Kong banking conglomerate, The Hongkong and Shanghai Banking Corporation Limited, was renamed HSBC Holdings plc in May 1999.
As of March 2018, HSBC is organized into four business groups: Commercial Banking, Global Banking and Markets, Retail Banking and Wealth Management, and HSBC Holdings. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange, and is a constituent of the Hang Seng Index and the UK FTSE 100 Index. As of 6 July 2012, it had a market capitalization of £102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the New York Stock Exchange, Euronext Paris, and the Bermuda Stock Exchange.
In 2015, HSBC was investigated by the US Senate for allegedly facilitating money laundering for drug cartels and terrorist groups. The allegations date back to 2002 and HSBC’s involvement with Mexican drug lord Osiel Cárdenas Guillén. On 11 December 2015, HSBC agreed to pay US$1.256 billion to settle the charges.
– Hess Corp ($NYSE:HES)
Hess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas. Hess has a market cap of $37.9 billion as of 2022 and a return on equity of 29.47%. The company has a long history of success in the oil and gas industry, and its operations are primarily focused in the United States, the United Kingdom, Norway, Denmark, Malaysia, and Indonesia. Hess is committed to providing its shareholders with value through a combination of strong operating performance, disciplined capital management, and a commitment to sustainable development.
Summary
Investing in Exxon Mobil Corporation (EXXON) has become a popular choice among investors in recent times as the company benefits from the increasing global demand for energy. Despite the negative news surrounding the energy sector, Exxon’s stock prices have seen an upward trend due to their strong financial performance and strong balance sheet. The company is well positioned to benefit from the growing energy needs of the world, as it has a large portfolio of assets, efficient operations, and is actively exploring new business opportunities. Analysts generally recommend buying Exxon shares as they believe it is an attractive long-term investment with a healthy dividend yield.
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