Exxon Mobil is a multinational oil and gas corporation engaged in the exploration, production, refining, and distribution of petroleum and petrochemical products. The company operates in various segments, including upstream operations, which involve the extraction of crude oil and natural gas, and downstream operations, which focus on refining and marketing fuels and lubricants. Additionally, Exxon Mobil invests in alternative energy solutions and technologies, contributing to ongoing efforts to address global energy challenges. With a significant presence in multiple countries, the company plays a vital role in supplying energy and products to meet the demands of consumers and industries worldwide. Read More
The Energy Select Sector SPDR Fund is trading lower by 6.3% during Thursday's session. Investors stepped back from Wednesday's risk-on rally and locked in profits.
Occidental Petroleum (NYSE: OXY) reported higher prices for oil and gas production in Q1 2025, with average realized prices up for natural gas and natural gas liquids. The market rally and easing trade tensions boosted oil and gas stocks, but tensions between the US and China and other factors have caused fluctuations in oil prices.
Oil and gas stocks such as APA Corporation, BP and Exxon Mobil are trading higher Wednesday after President Donald Trump announced a 90-day pause on reciprocal tariffs for countries that have not retaliated against U.S. trade measures.
See these three stocks that were the biggest buyback spenders outside of the tech sector in Q4 2924. One plans to spend $40 billion on buybacks through 2026.
WTI futures fell further on Monday to just above $60 per barrel, the lowest level since April 2021, as concerns that the escalating trade war could slow the global economy and weaken energy demand.
