Exxon

Chris Wright, the U.S. Secretary of Energy, has granted an extension for the export permit of the Golden Pass LNG project. This project is a collaborative effort between QatarEnergy and ExxonMobil (NYSE:XOM) and is currently under construction in Sabine Pass, Texas. What...

Renowned market commentator Jim Cramer plans to sell his entire stake in Pioneer Natural Resources (NYSE:PXD) after its takeover by Exxon Mobil (NYSE:XOM). This decision comes in the wake of the recently announced all-stock deal, which values Pioneer at $59.5...

Oil giant Exxon Mobil Corporation (NYSE: XOM) is making headlines this week after agreeing to acquire Pioneer Natural Resources (NYSE: PXD) in one of its largest acquisitions in company history. Here’s a look at today's Pioneer deal, as well as a look back at the company’s previous...

In recent news, Exxon Mobil Corp. (NYSE:XOM) is said to be in the midst of finalizing a takeover deal with Pioneer Natural Resources Co. (NYSE:PXD). The speculated transaction could see shares of Pioneer being purchased for more than $250 each. What Happened: As reported by Bloomberg, the all-stock...

U.S. stocks exhibited a mixed performance as the trading day neared its end. The Nasdaq Composite faced a significant dip, shedding over 140 points this Tuesday. The tech-heavy index closed at 13,773.61. Conversely, the Dow Jones Industrial Average declined slightly by 0.05% to 34,645.99. The S...

Exxon Mobil Corp. (NYSE: XOM) is one of the top-performing companies in the United States since the stock market and oil prices crashed in March 2020, at the height of pessimism during the early stages of the Covid-19 pandemic. Few people today will recall that on April 20, 2020, as a result of an...

OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows. What Happened: The combined cut announced by the oil consortium will be around 1.16 million...

Exxon Mobil Corporation (NYSE: XOM), the biggest U.S. oil company with more than $400 billion of market capitalization, has witnessed an unfavorable price action recently, struggling up and down the important 200-day moving average (DMA) at about $102 per share. Exxon Mobil shares fell...

Direxion Energy Bull 2X Shares (NYSE: ERX) was trading slightly lower in consolidation on Tuesday, after momentum within an uptrend caused the ETF to rally over 14% between Oct. 19 and Monday. The energy sector has been enjoying a recent bull cycle, which began on Sept. 26 when Exxon Mobil Corp (...

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 33.2%. But there is no question some big-name stocks performed better than others along the way. Exxon’s Big...

The cover story in this weekend's Barron's suggests how to play travel stocks as the recovery falters. Other featured articles discuss banking stocks with steady dividends, stocks that will benefit from share buybacks and why the boom in energy stocks may be over. Also, see the prospects...

The cover story in this weekend's Barron's offers 10 ways to cash in on the shortage of just about everything. Other featured articles discuss why bad news for big oil is good news for investors and how to play the semiconductor shortage. Also, see the prospects for a furniture maker, a gym...

The fatigue we all might feel as this jam-packed week winds down appears to be affecting major indices Friday. They’re under pressure early despite Amazon’s (NASDAQ: AMZN) impressive earnings yesterday, with signs of a bit of slowness in China’s economy dragging things...

Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. A pair of chief executives and an executive board chair were among the insiders making purchases this week. A media company, an e-commerce play and a real estate investment trust saw...

The big story last week was a dramatic spike in volatility. Today, that appears to be unwinding quickly, perhaps lending some initial strength to the stock market. Futures on the major indices are advancing in the early going, and the Cboe Volatility Index (VIX) has moved back to the...