Ultime notizie per Exxon Mobil (NYSE:XOM) Azioni

Exxon Mobil

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one of the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

Exxon Mobil Corp

XOMA Royalty Corp

XOMA Royalty Corporation - Depositary Shares Rep Series B 8.375% Cumulative Preferred Stock

XOMA Royalty Corporation - 8.625% Series A Cumulative Perpetual Preferred Stock

Tidal ETF Trust II YieldMax XOM Option Income Strategy ETF

EXXON MOBIL ORD

Scotiabank analyst Paul Cheng upgrades Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) from Sector Perform to Sector Outperform and raises the price target from $129 to $145.

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Scotiabank Upgrades Exxon Mobil to Sector Outperform, Raises Price Target to $145

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), along with its joint venture partner HELLEniQ ENERGY, has completed the first exploration phase at the offshore <a target="_blank" href="https://herema.gr/%ce%b5%cf%80%ce%af%cf%83%ce%b7%ce%bc%ce%b7-%ce%ad%ce%bd%ce%b1%cf%81%ce%be%ce%b7-%ce%b2-%cf%86%ce%ac%cf%83%ce%b7%cf%82-%ce%b5%cf%81%ce%b5%cf%85%ce%bd%cf%8e%ce%bd-%cf%83%cf%84%ce%bf-%ce%bf/" rel="noreferrer noopener">block </a>&#8220;Southwest of Crete.&#8221;&nbsp;&nbsp;
The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) disclosed that the joint venture has also decided to officially proceed with the second exploration phase.
The initial phase involved collecting 3,250 km of 2D seismic data and conducting geochemical analyses. The latter stage will span three years and focus on 3D seismic data collection and assessment.
Notably, in first-quarter 2024, ExxonMobil and HELLEniQ ENERGY, in collaboration with PGS, conducted preliminary 3D geophysical surveys to map the seabed and subsoil, and the data is currently under analysis.
HEREMA CEO, Aristofanis Stefatos, said, &#8220;We are very pleased with the fact that our investors continue their exploration activities in Greece, as their continuous presence verifies our estimates that the Greek subsurface could potentially hold significant natural gas deposits. And, in turn, these deposits can drive the country&#8217;s economic growth and enhance the energy security of the wider region.&#8221;
In another development, Exxon&nbsp;said it has executed the largest offshore carbon dioxide (CO2) storage lease <a target="_blank" href="https://www.benzinga.com//node/41270451" rel="noreferrer noopener">in the U.S. with the Texas General Land Office.</a>
The over 271,000-acre site complements the onshore CO2&nbsp;storage portfolio under development.
Last week, the oil giant disclosed that changes in oil prices are expected to reduce third-quarter upstream earnings&nbsp;Q/Q&nbsp;by<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41184208/exxon-mobil-braces-for-q3-earnings-hit-as-oil-price-swings-bite-into-profits" rel="noreferrer noopener"> $(1.0)&nbsp;billion to $(0.6) billion</a>.
Investors can gain exposure to XOM via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Westwood Salient Enhanced Energy Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEEI#NASDAQ">WEEI</a>).
Price Action: XOM shares are up 0.19% at $122.32 premarket at the last check Thursday.
Photo: Del Henderson Jr. via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41262664/how-did-hurricanes-milton-helene-intensify-so-quickly-exxonmobils-scientists-warned-us-in-1977" target="_blank" rel="noreferrer noopener">How Did Hurricanes Milton, Helene Intensify So Quickly? ExxonMobil&#8217;s Scientists Warned Us&#8230; In 1977</a></li>
</ul>

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ExxonMobil & HELLEniQ ENERGY JV Completes First Exploration Phase In Crete, Eyes Next Steps

<ul>
<li>ExxonMobil has secured access to over 271,000-acres in Texas state waters; ideal for CO2 storage</li>
<li>Agreement will directly benefit the Texas Permanent School Fund</li>
<li>Latest example of ExxonMobil's leadership in building a carbon capture industry in the U.S.</li>
</ul>
Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader.

Exxon Mobil Corporation Has Executed The Largest Offshore Carbon Dioxide Storage Lease In The U.S. With The Texas General Land Office

For meteorologists who study extreme weather events like Hurricane Milton — and Hurricane Helene just two weeks ago — the most frightening aspect of the back-to-back storms <a href="https://www.benzinga.com/news/24/10/41257552/how-strong-is-milton-what-to-expect-from-hurricane-categories-1-through-5">isn&#8217;t just strength</a>. 
It&#8217;s speed. 
The fact that Milton mutated from tropical storm to Category 5 hurricane in under 24 hours stunned NBC6 Miami&#8217;s John Morales to the point where he held back tears. Watch the video<a href="https://twitter.com/JohnMoralesTV?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor"> in his X account</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I debated whether to share this. I did apologize on the air. But I invite you to read my introspection on <a href="https://twitter.com/BulletinAtomic?ref_src=twsrc%5Etfw">@BulletinAtomic</a> of how extreme weather &#x1f4c8; driven by global warming has changed me. Frankly, YOU should be shaken too, and demand <a href="https://twitter.com/hashtag/ClimateActionNow?src=hash&amp;ref_src=twsrc%5Etfw">#ClimateActionNow</a>. <a href="https://t.co/09vxgabSmX">https://t.co/09vxgabSmX</a> <a href="https://t.co/GzQbDglsBG">https://t.co/GzQbDglsBG</a>
&mdash; John Morales (@JohnMoralesTV) <a href="https://twitter.com/JohnMoralesTV/status/1843325629741285439?ref_src=twsrc%5Etfw">October 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Morales isn&#8217;t alone. Other scientists sounded the alarm, too. They used words like &#8220;<a href="https://x.com/AndyHazelton/status/1843342493318033642?utm_source=substack&amp;utm_medium=email">unprecedented</a>&#8221; and &#8220;<a href="https://x.com/webberweather/status/1843317499091382515?s=46&amp;t=xkbHVlvdaIg9MYo3Hv8M_w&amp;utm_source=substack&amp;utm_medium=email">jaw-dropping</a>.&#8221;
See Also: <a href="https://www.benzinga.com/real-estate/24/10/41251171/hurricane-helenes-destruction-sparks-search-for-safety-10-states-where-property-is-at-the-lowest-ris">Hurricane Helene&#8217;s Destruction Sparks Search For Safety — 10 States Where Property Is At The Lowest Risk</a>
Within 36 hours of formation, Milton&#8217;s winds reached 180 miles per hour. That&#8217;s lightning fast in the world of storm tracking. 
But it shouldn&#8217;t have been a surprise. Helene also mutated from a tropical storm to a Category 4 hurricane in just two days.
For those wondering how two storms, with rains Morales described as &#8220;<a href="https://thebulletin.org/2024/09/hurricane-helene-isnt-an-outlier-its-a-harbinger-of-the-future/#post-heading">biblical</a>,&#8221; are a sudden reality, NASA has an answer: Warm ocean waters due to human-caused climate change.
These conditions caused Milton and Helene to become powerful Category 5 storms.
&#8220;Sea surface temperatures in the Gulf of Mexico were well above average for this time of year as Milton churned toward Florida,&#8221; NASA Climate, an account affiliated with NASA, posted on X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Warm ocean waters due to human-caused climate change helped fuel Hurricane <a href="https://twitter.com/hashtag/Milton?src=hash&amp;ref_src=twsrc%5Etfw">#Milton</a> to become a powerful Category 5 storm. Sea surface temperatures in the Gulf of Mexico were well above average for this time of year as Milton churned toward Florida. <a href="https://t.co/p4WvGdpcWE">https://t.co/p4WvGdpcWE</a> <a href="https://t.co/P3qashjqoc">pic.twitter.com/P3qashjqoc</a>
&mdash; NASA Climate (@NASAClimate) <a href="https://twitter.com/NASAClimate/status/1844030081460502696?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
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The primary business activities of certain companies are directly linked to greenhouse gases such as carbon dioxide and methane.
You know the names: Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), BP plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) and PetroChina (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCCYF#OTC">PCCYF</a>), to name a few.
&#8220;I tried to warn people,&#8221; Morales wrote in the Bulletin of Atomic Scientists last month. &#8220;Except that the warning was not well received by everyone. A person accused me of being a &#8216;climate militant,&#8217; a suggestion that I'm embellishing extreme weather threats to drive an agenda. Another simply said that my predictions were &#8216;an exaggeration.&#8217; But it wasn't an exaggeration.&#8221;
Meanwhile, oil companies operating in the Gulf are currently experiencing setbacks. Chevron&#8217;s Blind Faith platform, for example, shut down and forced personnel to evacuate. It produces around 65,000 barrels of oil per day.
Historically, companies like Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) and others in the Gulf region followed similar protocols, ahead of significant storms like Helene and — just a couple of weeks earlier — Hurricane Francine​.
See Also: <a href="https://www.benzinga.com/government/24/09/40822108/hurricane-francine-approaches-louisiana-coast-may-become-category-2-storm">Hurricane Francine Approaches Louisiana Coast With Category 2 Storm Potential, Local Oil Refineries Cut Production</a>
<h1 class="wp-block-heading">ExxonMobil Accepts, Then Denies</h1>
Like Morales, ExxonMobil&#8217;s own scientists made similar predictions — in 1977. 
InsideClimateNews <a href="https://insideclimatenews.org/news/02052024/from-the-archive-exxon-research-global-warming/?utm_source=substack&amp;utm_medium=email#:~:text=He%20warned%20Exxon%20scientists%20and,degrees%20Fahrenheit)%20at%20the%20poles.">republished</a> a 2015 article this past May that chronicles how James Black presented evidence to Exxon brass decades ago, detailing how the oil industry&#8217;s operations would endanger humanity.
&#8220;There is general scientific agreement that the most likely manner in which mankind is influencing the global climate is through carbon dioxide release from the burning of fossil fuels," Black said at the time.
Exxon eventually <a href="https://insideclimatenews.org/wp-content/uploads/2015/10/Exxon-Review-of-Climate-Research-Program-1981.pdf">nixed its carbon dioxide research</a> and chose, instead, to deny climate change. 
Fast-forward to today, elected officials are either <a href="https://www.youtube.com/watch?v=4RbvIMfwNzU">dismissing</a> it entirely or calling it a <a href="https://x.com/realDonaldTrump/status/265895292191248385">hoax</a>. Meanwhile, the U.S. produces more oil <a href="https://www.benzinga.com/government/23/10/35240230/us-is-producing-more-oil-under-biden-than-at-any-point-under-the-trump-administration">than ever before</a>. 
&#8220;We're seeing it play out in this post-truth era, in ways that's really damaging society. And I'm not talking more in the psychological, esoterical ways, or maybe in the election outcome ways. This is getting in the way of emergency management agencies doing their job and saving lives and getting people out of harm's way,&#8221; Morales <a href="https://thebulletin.org/2024/10/meteorologist-john-morales-theres-rapid-intensification-theres-extreme-rapid-intensification-and-then-theres-hurricane-milton/">says</a>. &#8220;It's getting in the way of recovery efforts&#8230; And yeah, it's definitely a hindrance to my mission as a person whose life mission is saving life and property.&#8221;
What&#8217;s Next: The U.S. Energy Information Administration continues to analyze energy data, and how Milton <a href="https://www.eia.gov/todayinenergy/detail.php?id=63444">affects</a> energy infrastructure. The agency will publish an inventory report on Thursday; The Wall Street Journal <a href="https://www.wsj.com/finance/commodities-futures/u-s-natural-gas-futures-move-lower-as-storm-looms-24b63a6f?mod=latest_headlines">expects</a> the surplus in U.S. natural gas to contract as Hurricane Milton makes its way across Florida.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41257792/oil-dips-to-73-as-china-withholds-stimulus-biden-attempts-to-contain-netanyahu-over-israels-attack-o">Oil Dips To $73 As China Withholds Stimulus, Biden Attempts To Contain Netanyahu Over Israel&#8217;s Attack On Iran</a></li>
</ul>
Photo: Courtesy of NASA

PCCYF

SHEL

How Did Hurricanes Milton, Helene Intensify So Quickly? ExxonMobil's Scientists Warned Us... In 1977

With so many news items clamoring for investors&#39; attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) and Hess Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>). The approval came with the single stipulation that former Hess chief executive officer (CEO) would not join Chevron&#39;s board of directors.&nbsp;
The approval was widely expected but has been an additional headwind for Chevron shareholders. Since the announcement, the stock is up nearly 4% and is now trading positive in 2024. That&#39;s still a far cry from rival Exxon Mobil Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) which is up 21.9% for the year and is near its 52-week high, which would also be its all-time high. &nbsp;
That may make CVX stock look quite attractive to value-hunting investors prior to the company&#39;s earnings report on November 1, 2024. Here are some things for investors to consider.&nbsp;
<h2>Chevron-Hess Merger Moves Forward, But Delays Persist</h2>
The FTC approval is a key step in finalizing the merger between the two oil giants, which was approved by Hess shareholders in May. But one hurdle remains. Chevron and Exxon Mobil are in arbitration regarding pre-emptive rights with Hess&#39; Stabroek Block assets in Guyana.&nbsp;
Chevron is still confident that arbitrators will rule in the company&#39;s favor. And when it is approved, Chevron will have increased influence in the oil markets. However, both sides acknowledge that the merger won&#39;t be finalized for another 12 months. &nbsp;&nbsp;
<h2>It&#39;s Still a Challenging Year for Oil Stocks&nbsp;</h2>
On a broad basis, oil prices are still a reflection of supply and demand. That is, the market is well supplied, and there appears to be only moderate demand. It&#39;s a contradiction to the consensus belief that the consumer is healthy. &nbsp;
That&#39;s why investors in energy stocks were optimistic to start the year. The belief at the time was that the Federal Reserve would have cut interest rates several times by now. In theory, the cuts would stimulate demand and raise the price of oil. Instead, there&#39;s been just one rate cut, albeit of 50 basis points, and it&#39;s too early to tell if it will stimulate demand. &nbsp;
Oil is also not following the script regarding geopolitical tensions. Despite much of the Middle East being on war footing, the price of oil has not spiked as it has at other times. One reason for that is that the OPEC+ nations have decided to lift their production freeze beginning in December. &nbsp;
<h2>The Reasons to Buy CVX Stock Haven&#39;t Changed&nbsp;</h2>
Does the merger approval signal the all-clear for investors to buy CVX stock? Yes, in the fact that it probably sets a higher floor. Analysts give CVX stock about an 18% upside with a price target of $179. &nbsp;
However, many analysts have been lowering their price targets on Chevron over the past 60 days. That&#39;s likely due to concerns about oil demand, which is typical of the industry&#39;s cyclical nature.
However, there are reasons why Chevron is one of the most widely held dividend stocks. For starters, it is one of the largest integrated oil companies in the world. Even without the Hess assets, the company is well positioned to meet the world&#39;s demand for oil, which is always cyclical and will eventually recover. &nbsp;
In fact, the International Energy Agency (IEA) predicts that oil and natural gas will remain vital to the world&#39;s energy needs through at least 2050 and likely beyond. Nevertheless, Chevron is also working purposefully to carve out a position in the renewable energy space.&nbsp;
And Chevron is a fundamentally sound company. Its rock-solid balance sheet includes a debt-to-equity ratio of just 0.13. This gives the company the firepower to take on leverage in downtimes without compromising its commitment to shareholders. &nbsp;
Proof of that commitment is found in the company&#39;s commitment to its dividend. Chevron has increased its dividend for 37 consecutive years. The dividend has a current yield of 4.37% and has been growing at an average pace in the last three years that&#39;s more than double the current rate of inflation. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/chevron-hess-merger-approved-should-you-buy-before-earnings/">Chevron-Hess Merger Approved: Should You Buy Before Earnings?</a>&quot; first appeared on MarketBeat.

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Chevron-Hess Merger Approved: Should You Buy Before Earnings?

Exane BNP Paribas analyst Lucas Herrmann downgrades Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) from Neutral to Underperform and announces $105 price target.

Downgrades

Exane BNP Paribas Downgrades Exxon Mobil to Underperform, Announces $105 Price Target

Deep-pocketed investors have adopted a bearish approach towards Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $250,951, and 4 are calls, amounting to $176,828.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $130.0 for Exxon Mobil over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Exxon Mobil's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Exxon Mobil's significant trades, within a strike price range of $115.0 to $130.0, over the past month.
<h3>Exxon Mobil Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728485331_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.0</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$125.00</td>
<td>$134.8K</td>
<td>1.0K</td>
<td style="text-align: right;">225</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.3</td>
<td>$115.00</td>
<td>$67.8K</td>
<td>15.7K</td>
<td style="text-align: right;">124</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.35</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$115.00</td>
<td>$62.0K</td>
<td>3.8K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.64</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$125.00</td>
<td>$54.8K</td>
<td>10.1K</td>
<td style="text-align: right;">421</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$9.65</td>
<td>$9.25</td>
<td>$9.45</td>
<td>$130.00</td>
<td>$28.3K</td>
<td>2.2K</td>
<td style="text-align: right;">32</td>
</tr>
</tbody>
</table>

<h3>About Exxon Mobil</h3>
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one of the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Following our analysis of the options activities associated with Exxon Mobil, we pivot to a closer look at the company's own performance.
<h3>Where Is Exxon Mobil Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,780,310, the XOM's price is down by -0.45%, now at $121.49. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 23 days.</li>
</ul>
<h3>What Analysts Are Saying About Exxon Mobil</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $133.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Exxon Mobil, maintaining a target price of $137. 
&#x2A; Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $120. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on Exxon Mobil, maintaining a target price of $117. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Exxon Mobil with a target price of $149. 
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Exxon Mobil, maintaining a target price of $142. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Exxon Mobil with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Decoding Exxon Mobil's Options Activity: What's the Big Picture?

The world&#39;s largest retailer, company, and employer, Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>), continues to defy gravity as its stock keeps floating higher, rising 54% year-to-date (YTD). Even after the 3 for 1 stock split on Feb. 26, 2024, shares climbed an additional 52%. The company demonstrates the power of scale as the nation&#39;s largest importer of goods. Walmart is also making headway in China as it gains market share against its incumbent retail leaders. While firing on all cylinders, Walmart continues to grow, indicating more upside.
Walmart operates in the retail/wholesale sector, competing with retailers like Target Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>), Costco Wholesale Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) and Amazon.com Inc.
<h2>Defying Gravity As the U.S. Dollar Spikes </h2>
In a high interest rate environment, the U.S. dollar tends to stay strong, which hurts companies selling goods and services overseas, as reflected in their earnings reports as FX or currency headwinds. Falling interest rates tend to weaken the dollar, enabling other currencies to have more purchasing power for U.S. goods and services. However, since the&nbsp;Fed&#39;s 50 bps&nbsp;interest rate cut, the U.S. dollar index has recovered from a low of $99.866 to surge up to $102.223.
As the nation&#39;s largest importer of goods, Walmart is one of the major companies that has benefited from a strong U.S. dollar. For Walmart, a rising dollar counts as a currency tailwind. Its buying power grows, enabling it to buy more goods overseas for less money (in U.S. dollars). The jump in the U.S. dollar index has pushed Walmart shares back up near its all-time high. The spike in the U.S. dollar is a net positive for Walmart&#39;s gross margins.
<h2>Challenging the Incumbents in China </h2>
Walmart grew sales in China by 17.7% YoY in its second quarter of 2024. Its Sam&#39;s Club warehouse business saw membership income rise by 26% YoY. Nearly 50% of Walmart&#39;s sales in China come from its e-commerce and digital sales channels. While Walmart is an American company, it&#39;s been successful in locally sourced goods. Its success has been so solid that it&#39;s doubling down focus on its China operations as indicated by dumping its investment in JD.com Inc., selling its 144.5 million share stake for around $3.7 billion on Aug. 21, 2024, which it&#39;s held since 2016. It sold shares for an average of $24.95, a little over a month before JD.com shares nearly doubled in anticipation of China&#39;s stimulus package.
<h2>Taking a Page From Amazon Prime Membership Services </h2>
Taking a page out of Amazon Prime membership services, Walmart has been growing its Walmart+ membership program. For $12.95 per month or $98 per year, Walmart+ members get free shipping with no minimum orders (like Prime), which includes free grocery delivery. Members get free Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) Paramount+ streaming services with ads and up to 10 cents per gallon discount on gas at Walmart, Sam&#39;s Club, Murphy&#39;s, and Exxon Mobil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>).
Walmart+ members get early access to promotions like Black Friday deals, travel benefits, cash-back rewards, and member price discounts on groceries and prescriptions. Members can now get dining benefits at Burger King, owned by Restaurant Brands International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>), like 25% off digital orders and a free Whopper every quarter with any purchase. It also has additional discounts and promotions with companies from Peloton Interactive Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) to NOOM and a 30% discount on home projects at Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>).
<h2>Walmart Grew Comp Sales 4.2% in Its Second-Quarter of 2024</h2>
In its Q2 2024 earnings report, Walmart reported earnings of 67 cents per share, beating consensus analyst estimates by 2 cents. Revenues rose 4.7% YoY to $169.3 billion versus $168.56 billion consensus estimates. Walmart&#39;s U.S. comp sales rose an impressive 4.2% YoY. Global advertising grew 26% YoY, including 30% growth for Walmart Connect. Consolidated gross margins rose 43 bps. Walmart+ membership income grew 23% YoY, and Walmart+ memberships rose by double-digits.
Its e-commerce sales rose 22% YoY, driven by store-fulfilled pickup and delivery. Global inventories fell 2% YoY and 2.9% for U.S. Walmart inventory with health in-stock levels. Market shares grew in general merchandise, while transaction counts and unit volume rose across all markets. Grocery sales are strong, and there is no evidence of consumer weakness.
<h2>Walmart Raises Full-Year Guidance&nbsp; </h2>
The company expects Q3 2024 EPS between 51 and 52 cents versus 55 cents consensus estimates. Revenues are expected between $166.03 billion and $167.05 billion versus $167.05 billion. Full-year 2024 EPS was raised to $2.35 to $2.43, up from $2.23 to $2.37, versus $2.44 consensus estimates. Full-year 2024 revenue is expected to be between $672.43 billion and $678.91 billion versus the consensus estimates of $676.53 billion.
Walmart CEO Doug McMillan commented, &quot;Our e-commerce progress creates more optionality for our customers and fuels the growth of our newer businesses. Globally, membership income grew 23%. Walmart Plus memberships were up double-digits. And Sam&#39;s Club U.S. achieved a record-high member count. Globally, advertising grew 26%, including 30% growth for Walmart Connect in the U.S. Advertising sales driven by marketplace sellers were up nearly 50%.&quot;
<h2>WMT Stock Forms an Ascending Triangle Pattern </h2>
An ascending triangle pattern is comprised of a flat-top upper trendline resistance conversing with an ascending lower trendline meeting at the apex point. A breakout forms when the stock rises through the upper trendline, and a breakdown forms if the stock collapses through the lower trendline.
<img alt="Walmart WMT stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241006193318_charta-wmt.jpg" style="height:750px; width:915px" />
WMT gapped to $72.78 on its strong earning report and rose to a flat top resistance at $81.53. The ascending lower trendline formed at $77.89 and has continued to increase due to higher lows on pullbacks. The daily anchored VWAP support is at $78.06.The daily RSI has been choppy sideways at the 63-band. Fibonacci (Fib) pullback support levels are at $79.12, $74.75, $71.29, and $68.57.
Walmart&#39;s average consensus price target is $81.62, and its highest analyst price target sits at $98.00. It has 29 analysts&#39; Buy ratings and one Hold rating. The stock trades at 33.17x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy WMT at the fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.03% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/walmart-retail-juggernaut-has-more-room-to-grow-for-investors/">Walmart: Retail Juggernaut Has More Room to Grow for Investors </a>&quot; first appeared on MarketBeat.

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Walmart: Retail Juggernaut Has More Room to Grow for Investors

Exxon Mobil Says It Has Shut In Several Oil Wells And Sites In North Dakota Due To Multiple Wildfires

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Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

RBC Capital analyst Biraj Borkhataria reiterates Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) with a Sector Perform and maintains $120 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Exxon Mobil, Maintains $120 Price Target

Everyone is now focused on mainstream Chinese stocks and their rallies resulting from the recent 50 basis point interest rate cut that the government just implemented there. However, these trades in names like Alibaba Group&nbsp;or Baidu Inc.&nbsp;might be getting a bit too crowded now. So, the next logical step is to look at the falling dominoes.
In this case, investors need to lean on the fundamentals of Chinese growth and its effects on other economies that support it, such as oil and steel exporters, or any commodity-based economy for that matter. Because China draws over a third of the world&#39;s oil demand, and its infrastructure demands are one of the biggest in the world as it is still a nation in its building, investors might want to focus on Brazil and even Australia to find potentially bullish trends.
It is stocks like Vale (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vale#NYSE">VALE</a>) acting as a steel and iron ore maker, which exports a large amount of its inventory to China, or companies like BHP Group Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>) in the basic materials sector from Australia exporting more metal needs to China, and even the unlikely Exxon Mobil Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) in the United States acting as a support pillar in China&#39;s energy sector.
<h2>Key Tailwinds Position Vale Stock to Outperform the Market</h2>
Understanding that Brazil is now under new presidential leadership is vital. The ties between Brazil and China are stronger under this new administration, and therefore, exports from Vale may be one of the most bullish tailwinds that could hit the company in the coming quarters.
Now that the stock trades at 73% of its 52-week high, investors have a wider gap to run higher in a potential recovery or nearing previous highs. Here&#39;s what Wall Street has to say about this potential run-up. Analysts now see a consensus price target of up to $16.2 a share for Vale stock, a good start on a potentially bullish thesis.
Vale would need to rally by as much as 38.5% from where it trades today to prove these valuations right, essentially bringing it back to its yearly high. More than that, short interest declined by 3.7% in the past month to show bearish capitulation in the face of this potential demand.
Management&nbsp;cited a few benefits in its&nbsp;latest quarterly earnings release. The freight costs in the China-Brazil trade route are now lower, opening the stock to better profit potential. Management is confident in the company&#39;s future earning potential during these trends and&nbsp;has kept its $1.16 a share dividend payout.
This translates into a 9.9% dividend yield on an annual basis, which beats inflation and adds up to nearly 50% upside potential in this stock. This may be one of the reasons that VanEck Associates decided to boost their Vale stock holdings by 110.9% as of July 2024, bringing their net investment to $60.9 million today.
<h2>BHP Stock: A Strong Play for Momentum, Income, and Upside Potential</h2>
Better price action has landed on BHP stock, which now trades at 93% of its 52-week high. The bulls have already started to get behind this name because Australia is closer to China than Brazil. BHP&#39;s copper, coal, and iron are the perfect mix to satisfy China&#39;s energy demands in the near term.
Wall Street analysts noticed that the tailwinds created by China&#39;s recovery are set for BHP. Citigroup and Argus placed a respective Outperform and Strong Buy rating on this stock, signaling better sentiment from the sell side.
New ratings on the stock weren&#39;t the only piece of evidence investors needed to justify a potential buy. The Bank of Montreal decided to boost its BHP stock position by 532.2% as of August 2024. After this massive boost, the bank&#39;s holdings are now valued at $134.4 million.
Aside from this upside potential and price momentum, management is leaning on these China tailwinds to keep a payout of $2.93 a share for investors, translated to a 4.7% annual dividend yield today.
<h2>Exxon Mobil: The Top Stock for Investors to Ride the Oil Cycle</h2>
Bulls also came to call Exxon Mobil stock their home, as it now trades within 5% of its 52-week high. The key to this bullish price action is that Exxon lists China as one of its largest export clients.
Now that both the United States and China have cut interest rates, oil demand coming from both nations (which Exxon serves) is set to spike in the coming quarters. Analysts at the UBS Group landed on a $149 a share valuation for Exxon Mobil stock, calling for up to 27.2% upside from where the stock trades today.
These analysts aren&#39;t the only ones expecting a new high in the stock, as bears started to retreat over the past quarter, as seen in the company&#39;s short interest. After these bears left, those at Legal &amp; General Group decided to take their place by boosting their holdings by 19.3%, ending at a total investment of $3.7 billion today.
As a last check, Wall Street analysts now forecast Exxon Mobil&#39;s earnings per share (EPS) of $2.42 in the next 12 months, up 13% from today&#39;s $2.14 net earnings, outpacing most large-cap names in the S&amp;P 500.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/top-3-stocks-set-to-benefit-from-chinas-interest-rate-cuts/">Top 3 Stocks Set to Benefit from China&#39;s Interest Rate Cuts</a>&quot; first appeared on MarketBeat.

Management

VALE

Top 3 Stocks Set to Benefit from China's Interest Rate Cuts

The <a href="https://www.benzinga.com/topic/2024-election">hotly contested 2024 election</a> between Vice President Kamala Harris and former President Donald Trump has Americans bracing for a down-to-the-wire finish. While Harris has <a href="https://www.benzinga.com/news/24/09/40969781/nate-silvers-forecast-kamala-harris-retakes-lead-over-donald-trump">a slight lead</a> in polling forecasts, the race remains an essential toss-up. 
As market participants consider investment ideas tied to the election, telling signs might be found in the aftermath of <a href="https://www.benzinga.com/topic/2016-presidential-election">the 2016 election</a>.
Election Debrief: Trump won the 2016 election in a surprising upset over Democrat Hillary Clinton. He ran on a platform of building a wall on the U.S.-Mexico border, repealing Obamacare, enacting deregulation and prioritizing fossil fuels.
Trump <a href="https://www.benzinga.com/news/20/11/18261020/joe-biden-wins-2020-presidential-election-as-donald-trump-pushes-lawsuits-recounts">lost the 2020 election</a> to Democrat Joe Biden.
2016 Winners: Large bank stocks benefitted the most from Trump&#8217;s 2016 triumph.
Shares of JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) soared over 13% in the week following Trump&#8217;s surprising win, according to data from Yahoo Finance. Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) traded up over 17% that week. Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) saw an 18% bump in share price. Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) also had a fantastic week as shares jumped over 16%.
Blackstone Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) Stephen Schwarzman is among <a href="https://www.benzinga.com/markets/equities/24/05/39021029/donald-trump-to-get-endorsement-from-blackstone-ceo-steve-schwarzman-report">Trump&#8217;s biggest supporters</a> on Wall Street. Shares of the private equity giant traded up nearly 9% in the week following the 2016 election.
The market&#8217;s preference for financial stocks after Trump's win comes as no surprise, given his strong support for deregulating the financial sector.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-secon">Hurricane Milton Is Florida&#8217;s Second Storm In Two Weeks: How Disney, Theme Parks, Insurance Companies Could Be Impacted</a>
Trump&#8217;s 2016 victory was also favorable to the oil and coal industries due to his support for deregulating the energy sector and prioritizing American energy production. Shares of coal mining company Arch Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCH#NYSE">ARCH</a>) rocketed up over 21% in the week following the election. Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) saw modest gains.
2016 Losers: Indexes in foreign countries fell overnight on election day 2016, <a href="https://money.cnn.com/2016/11/08/investing/global-markets-stocks-trump-clinton-us-presidential-election/index.html">according</a> to CNN. The Mexican peso plunged 9%, while European indexes fell a few percentage points. The Russia-tracking iShares MSCI Russia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERUS#NYSE">ERUS</a>) ticked higher overnight.
Tech stocks closed the week in the red, perhaps due to regulatory concerns. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) all ticked down 2 to 3 percentage points.
Clean energy stocks faced challenges after the 2016 election. Electric vehicle manufacturer Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ended the week down over 5%, following Trump&#8217;s victory. At the time, CEO Elon Musk had not <a href="https://www.benzinga.com/news/24/08/40145805/elon-musk-says-his-endorsement-of-trump-doesnt-mean-he-agrees-with-everything-ex-president-is-saying">yet endorsed Trump</a> for a future run, but the market reaction reflected broader concerns for clean energy under a pro-fossil-fuel administration. Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) saw an even steeper decline, shedding over 16% of its market value in the week after the election.
Why it Matters: If history were to repeat itself, a Trump win in 2024 would likely bode well for financial, oil and coal companies. On the flip side, tech companies under regulatory scrutiny and clean energy stocks could see declines in Trump&#8217;s hypothetical return to the White House.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41199702/trump-says-we-need-a-mandate-in-the-vote-and-were-going-to-get-it-as-2024-election-draws-near">Trump Says &#8216;We Need A Mandate In The Vote, And We&#8217;re Going To Get It&#8217; As 2024 Election Draws Near</a></li>
</ul>
Photo: Shutterstock

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What A Trump Win Could Mean For Financial, Energy Stocks: Lessons From 2016

Chart Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NYSE">GTLS</a>) recently secured a contract from Exxon Mobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) to provide its IPSMR (Integrated Pre-Cooled Single Mixed Refrigerant) liquefaction technology and proprietary equipment. GTLS&#39; advanced liquefaction technology will be used for the Rovuma LNG (liquefied natural gas) project on the Afungi peninsula in Mozambique.
The Rovuma LNG Project is operated by Mozambique Rovuma Venture (&quot;MRV&quot;), a joint venture between ExxonMobil, Eni and China National Petroleum Corporation (&quot;CNPC&quot;). MRV owns a 70% interest in Area 4 concession of the Rovuma Basin while the remaining stake is held by ENH (10%), Galp (10%) and KOGAS (10%).
The Rovuma LNG project will be responsible for producing, liquefying and selling natural gas from reservoirs of the Area 4 block of the offshore Rovuma Basin. The project will carry a total LNG capacity of 18 million tons per annum (MTA), consisting of 12 modules with a 1.5 MTA capacity each.
Chart Industries&#39; IPSMR technology helps to enhance efficiency and performance in liquefaction systems. Its modular design facilitates customization, thereby improving adaptability to various site conditions and gas turbine power specifications. It will help the Rovuma LNG Project to optimize resource utilization, reduce operational costs and minimize greenhouse gas emissions.
<h2>Other Notable Deals</h2>
In May 2024, Chart Industries secured an order from Repsol to provide its advanced Howden hydrogen compression solutions for the expansion project of Repsol&#39;s Sines industrial complex in Portugal.
Also, in March 2024, the company secured an order from Element Resources for its California-based green hydrogen production facility, Lancaster Clean Energy Center. Per the deal, Chart Industries will supply hydrogen liquefaction systems, liquid hydrogen storage tanks, trailer loadout bays, transport, ISO containers and hydrogen compression for storage, distribution and heavy-duty fueling to the facility.
<h2>Price Performance of GTLS Stock</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6e/80560.jpg?v=479817180" />
Image Source: Zacks Investment Research
In the past three months, the Zacks Rank #5 (Strong Sell) company&#39;s shares have lost 11.1% against the industry&#39;s 10.4% growth. It has been witnessing lower orders in the Heat Transfer Systems unit, which declined 9.4% year over year in second-quarter 2024. Headwinds from supply-chain constraints and increasing raw materials costs also remain concerning. GTLS anticipates generating sales in the range of $4.45-$4.60 billion in 2024, lower than $4.7-$5.0 billion projected earlier.
The Zacks Consensus Estimate for earnings is pegged at $10.46 per share for 2024, indicating a decrease of 4% from the 60-day-ago figure.
<h2>Stocks to Consider</h2>
Some better-ranked companies from the same space are discussed below.
Graham Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghm#NYSE">GHM</a>) currently sports a Zacks Rank #1 (Strong Buy).
GHM delivered a trailing four-quarter average earnings surprise of 133.3%. In the past 60 days, the Zacks Consensus Estimate for Graham&#39;s fiscal 2025 earnings has increased 17.3%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 0.6%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.4%.
<a href="https://www.zacks.com/stock/news/2346849/chart-industries-clinches-ipsmr-liquefaction-equipment-order?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2346849">To read this article on Zacks.com click here.</a>

Contracts

GTLS

Chart Industries Clinches IPSMR & Liquefaction Equipment Order

Shares of U.S. energy giants surged this week, marking the strongest performance in two years, as fears of a wider conflict in the Middle East between Iran and Israel drove oil prices <a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities">to $75 per barrel. </a>
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), which tracks 31 major U.S. energy companies, including giants like Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), recorded a remarkable 6.4% gain this week.
Investors poured nearly $300 million into the XLE ETF this week, the highest inflow since late July, according to Tradingview data.
Exxon Mobil, the largest U.S. oil company, reached a record high of $125 per share on Friday. The stock posted its sixth consecutive day of gains, ending the week up over 7%, marking its best performance since October 2022.
Oil prices continued their rally, with West Texas Intermediate (WTI) crude recording its fourth straight day of gains, hitting levels last seen in late August. The geopolitical tensions between Israel and Iran have sparked concerns over global oil supply disruptions.
<h3 class="wp-block-heading">Rising Middle East Tensions, Biden Calls For Measured Israeli Response</h3>
Israel promised a strong retaliation after Iran launched more than 180 ballistic missiles on Tuesday. While Israel&#8217;s air defense systems successfully intercepted most of the missiles, the attack further intensified the already heightened regional instability.
On Friday, President Joe Biden addressed the escalating crisis during a rare appearance at the White House daily press briefing. He mentioned Israel&#8217;s right to defend itself but said the country had not yet decided how it would respond to Iran&#8217;s ballistic missile strike.
Biden said he advised Israel against further escalating the conflict, suggesting that Israel might consider alternatives to targeting oil fields in its retaliation.
In his first public appearance since the attack, Iran's Supreme Leader Ayatollah Ali Khamenei defended the strike as &#8220;legitimate punishment&#8221; for what he called Israeli crimes and urged greater resistance against Israel in the region, Reuters reported.
Iran's deputy commander of the Islamic Revolutionary Guard Corps also issued a stark warning, stating that Iran could target Israeli oil refineries and gas fields if Israel chooses to strike Iranian territory.
<h3 class="wp-block-heading">This Week&#8217;s Top 10 Performing US Energy Stocks</h3>
U.S. energy stocks posted sharp gains, with the top performers this week including:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (5D)</td>
<td>Market Cap</td>
</tr>
<tr>
<td>Diamondback Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>)</td>
<td>13.62%</td>
<td>$57.14B</td>
</tr>
<tr>
<td>APA Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APA#NYSE">APA</a>)</td>
<td>9.36%</td>
<td>$9.92B</td>
</tr>
<tr>
<td>The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>)</td>
<td>9.04%</td>
<td>$60.02B</td>
</tr>
<tr>
<td>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</td>
<td>8.44%</td>
<td>$16.06B</td>
</tr>
<tr>
<td>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)</td>
<td>8.35%</td>
<td>$51.71B</td>
</tr>
<tr>
<td>Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>)</td>
<td>8.25%</td>
<td>$27.38B</td>
</tr>
<tr>
<td>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>)</td>
<td>8.19%</td>
<td>$131.57B</td>
</tr>
<tr>
<td>EOG Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>)</td>
<td>8.05%</td>
<td>$75.23B</td>
</tr>
<tr>
<td>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>7.94%</td>
<td>$26.33B</td>
</tr>
<tr>
<td>Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</td>
<td>7.82%</td>
<td>$52.15B</td>
</tr>
</tbody>
</table>
</figure>
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Photo: Shutterstock

Macro Economic Events

Sector ETFs

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Economics

ETFs

US Energy Stocks Notch Biggest Weekly Gains In 2 Years, Exxon Hits Record Highs As Crude Surges To $75 On Israel-Iran Jitters

The energy sector is experiencing a sharp rebound following a significant escalation in Middle Eastern tensions after Iran launched a missile attack on Israel on October 1. While the immediate physical damage was minimal, the geopolitical consequences have been substantial, as fears of further conflict and disruptions to global crude oil supplies have escalated. With Iran being an essential oil supplier through the Strait of Hormuz, any prolonged conflict in the region could have severe consequences for global energy markets.
<h2>Oil Surges in Response to Conflict in the Middle East</h2>
In response to these tensions, oil prices surged. WTI crude oil rose by 2.44%, closing at $69.83 per barrel, while Brent crude saw a 2.6% increase, settling at $73.56 per barrel. These price hikes reflect growing concerns that further conflict in the Middle East could disrupt oil supplies, mainly if retaliatory strikes target Iranian oil infrastructure.&nbsp;
The energy sector followed suit, with the Energy Select Sector SPDR Fund surging 4.08% for the week as it broke out of a recent downtrend and pushed above its critical moving averages. This newfound momentum has positioned energy stocks as attractive plays for investors looking to capitalize on the rising oil prices.
With oil prices and energy stocks gaining momentum, now may be an opportune time to gain exposure to the sector. Here are three energy stocks that have demonstrated strong relative strength amid this week&#39;s surge in oil prices.
<h2>Technical Breakout Positions Exxon Mobil as a Top Energy Stock</h2>
Exxon Mobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>), the largest oil company in the U.S. and the largest holding in the XLE ETF, boasts a market capitalization of $479 billion. The stock rose an impressive 5.8% this week, breaking out of a prolonged consolidation phase. It is now just 1.8% away from its 52-week high.
As one of the biggest beneficiaries of rising oil prices, Exxon Mobil can see significant revenue growth if crude supply is disrupted, primarily through its extensive upstream business, which relies heavily on oil production.
Exxon Mobil&#39;s vast global footprint also hedges against regional supply risks, allowing the company to maintain production levels despite geopolitical instability. With a 3.13% dividend yield, Exxon Mobil provides income-oriented investors with a reliable payout while offering upside from rising oil prices. From a technical perspective, the recent breakout above consolidation levels signals a bullish trend, making it a compelling option for investors seeking exposure to the energy sector.
<h2>Hess Corporation Rallies 6%, Leveraging Geographic Diversification</h2>
Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), though smaller than ExxonMobil with a market capitalization of $43 billion, has been one of the best-performing energy stocks this week, surging over 6% since the escalation in Middle Eastern tensions.
The company operates in two segments: Exploration and Production and Midstream, focusing on crude oil, natural gas liquids (NGLs), and natural gas production.
Unlike some competitors, Hess is less exposed to the Middle East, with its critical operations in the U.S., Guyana, and the Gulf of Mexico. This geographic diversification helps insulate Hess from the immediate geopolitical risks in the region, allowing the company to benefit from rising oil prices without the same level of supply disruption risk.
<h2>XLE ETF Signals Bullish Trend, Providing Diversified Energy Exposure</h2>
The XLE ETF&nbsp;is a top choice for investors seeking broad exposure to the energy sector. The ETF, which tracks the performance of the Energy Select Sector Index, includes holdings in some of the largest U.S.-listed energy companies, such as ExxonMobil, Chevron, and ConocoPhillips. The XLE is up 8.2% year-to-date and broke through a critical resistance level at $90 earlier this week, signaling a bullish trend.
With a 3.55% dividend yield and a low expense ratio of 0.09%, XLE provides investors with an attractive income stream while offering diversification across the energy sector. The ETF&#39;s holdings cover various energy sub-industries, including oil, gas, and energy equipment and services. This makes it a more diversified way to gain exposure to the sector than individual stock picking.&nbsp;
Analysts currently have a Moderate Buy rating on the ETF, with a consensus price target suggesting a 16.29% upside. This makes XLE a compelling option for investors looking for broad energy exposure while minimizing the risks of investing in individual stocks.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/energy-sector-rebound-3-stocks-poised-for-strong-gains/">Energy Sector Rebound: 3 Stocks Poised for Strong Gains</a>&quot; first appeared on MarketBeat.

Offerings

Energy Sector Rebound: 3 Stocks Poised for Strong Gains

BMO Capital analyst Phillip Jungwirth maintains Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) with a Market Perform and raises the price target from $127 to $130.

BMO Capital Maintains Market Perform on Exxon Mobil, Raises Price Target to $130

Diamondback Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) shares were climbing in early trading on Friday, during a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41130604/whats-going-on-with-diamondback-energy-stock">rise in energy stocks with growing Middle East tensions</a>.
Following the Endeavor acquisition, Diamondback and ExxonMobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) are now the dominant players in the Midland Basin, according to BMO Capital Markets.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca470ed7a0001097207/phillip-jungwirth">Analyst</a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca470ed7a0001097207/phillip-jungwirth"> Phillip Jungwirth</a> upgraded the rating for Diamondback Energy from Market Perform to Outperform, while raising the price target from $205 to $215.
The Diamondback Energy Thesis: Synergies from the Endeavor acquisition are likely to "meet or exceed expectations," Jungwirth said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The company's strong position in the Midland Basin makes it poised to be a "long-term winner with leading core inventory depth and best in class capital efficiency," he added.
"Diamondback appears to have made all the right moves, creating value via strategic M&amp;A, operational execution, and return of capital," the analyst wrote. With its performance continuing to improve, the company should be able to sustain its leadership position "in coming years," he further stated.
FANG Price Action: Shares of Diamondback Energy had risen by 1.62% to $191.36 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41141046/jim-cramer-this-consumer-defensive-stock-is-a-buy-archer-daniels-midland-is-a-value-trap">Jim Cramer: This Consumer Defensive Stock Is A Buy, Archer-Daniels-Midland Is A &#8216;Value Trap&#8217;</a>
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Long Ideas

Movers

Diamondback Energy Is 'Making All The Right Moves,' Says Bullish Analyst

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares are trading higher today. The oil giant anticipates changes in oil prices to reduce third-quarter upstream earnings <a target="_blank" href="https://investor.exxonmobil.com/sec-filings/all-sec-filings/content/0000034088-24-000059/0000034088-24-000059.pdf" rel="noreferrer noopener">Q/Q</a> by $(1.0)&nbsp;billion to $(0.6) billion.
Conversely, changes in gas prices is expected to impact its upstream results by between&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$(0.2) billion and $0.2 billion</a>.&nbsp;
On the other hand, Exxon Mobil projects that variations in industry margins will impact energy products earnings by $(1.0) billion-$(0.6) billion and both specialty products earnings and chemical products earnings by $0.0 billion-$0.2 billion each.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Benzinga Pro</a>, analysts estimate Exxon Mobil to report third-quarter adjusted earnings per share of&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">$1.97 and revenues of $96.136 billion.</a>
Notably, oil prices had been declining before jumping this week amid&nbsp;rising Middle East tensions. On Wednesday, oil prices rose, adding to gains driven by potential supply disruptions in the Middle East and fresh warnings out of the Organization of the <a target="_blank" href="https://www.benzinga.com/news/24/10/41143156/oil-prices-spike-energy-stocks-jump-after-irans-missile-attack-on-israel-what-investors-need-to-know" rel="noreferrer noopener">Petroleum Exporting Countries (OPEC) and its allies</a>.
Investors can gain exposure to XOM via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Westwood Salient Enhanced Energy Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEEI#NASDAQ">WEEI</a>).
Price Action: XOM shares are up 0.75% at $123.50 premarket at the last check Friday.
Photo: Del Henderson Jr. via Shutterstock
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Exxon Mobil Braces For Q3 Earnings Hit As Oil Price Swings Bite Into Profits

ExxonMobil – on behalf of Mozambique Rovuma Venture (MRV), operator of the Area 4 concession in northern Mozambique's Rovuma Basin – announces its strategic decision to select Chart Industries' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) ("Chart") IPSMR&#xAE; liquefaction technology and proprietary equipment for the Rovuma LNG project at the Afungi peninsula.&nbsp; &nbsp;
The Rovuma LNG Project will produce, liquefy and market natural gas from reservoirs of the Area 4 block of the offshore Rovuma Basin and includes the construction of 12 modules of 1.5 MTA each, with a total LNG capacity of 18 million tonnes annually, as well as associated onshore facilities.&nbsp; The selection of Chart IPSMR&#xAE; for the 12 liquefaction modules is expected to help enable increased project competitiveness, improved reliability and lower GHG emissions.

ExxonMobil Selects Chart Industries' IPSMR Liquefaction Process Technology And Proprietary Equipment For The Rovuma LNG Project At The Afungi Peninsula

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