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Exxon Mobil Corporation (XOM)

NYSE - Nasdaq Real Time Price. Currency in USD
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56.52+0.45 (+0.80%)
At close: 4:02PM EST

56.41 -0.11 (-0.19%)
After hours: 7:18PM EST

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Trade prices are not sourced from all markets
Previous close56.07
Open56.42
Bid56.55 x 1800
Ask56.51 x 2200
Day's range55.88 - 57.96
52-week range30.11 - 57.96
Volume30,347,234
Avg. volume29,133,871
Market cap239.276B
Beta (5Y monthly)1.38
PE ratio (TTM)N/A
EPS (TTM)-5.25
Earnings date29-Apr-2021 - 03-May-2021
Forward dividend & yield3.48 (6.17%)
Ex-dividend date09-Feb-2021
1y target est54.85
  • Exxon Must Change Direction, Not Just Appoint New Board Candidates
    GlobeNewswire

    Exxon Must Change Direction, Not Just Appoint New Board Candidates

    NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) -- The Coalition United for a Responsible Exxon (CURE) today issued the following statement in regards to recent disclosures by ExxonMobil Corporation (NYSE: XOM) (“Exxon” or the “Company”): Exxon has demonstrably failed over the last decade to deliver long-term shareholder value against the wider market and among its peers. The Company's Board of Directors faces pressure to undertake a long list of strategic actions: reversing value destruction; improving investment quality; cutting debt; seizing the opportunity to lead in the low-carbon energy market; and strengthening environmental and safety performance. The recent announcement of new board candidates, including one with climate and ESG experience (Jeff Ubben), indicates that the company may intend to change. However, CURE, a shareholder coalition with 145 members and $2.5 trillion in AUM, will remain vigilant and focused on the specific changes required to put Exxon on a stronger path. CURE acknowledges that, since the engagement of activist investors over the past six months, Exxon has taken what appears to be initial steps in the right direction. However, Exxon needs to commit to a deeper, long-term shift of its capital allocation strategies to be consistent with the Paris Agreement, streamlining its upstream and downstream to focus on the highest-returning assets and pursuing credible pathways towards a 2050 net zero greenhouse target, which must include renewable energy, clean hydrogen and carbon capture. Finally, the Company needs to address its corporate governance issues, including splitting its CEO and Board chair positions to foster board independence, aligning executive compensation with shareholder value creation, ensuring its corporate and trade association lobbying is aligned with the aims of the Paris Agreement, and adopting a uniform system of accountancy to meet basic tests of transparency. CURE sent a letter to Exxon’s Board last month outlining the need for change at the Board level and support for multiple shareholder resolutions. The coalition continues to urge Exxon to further enhance its Board of Directors to address fiduciary and climate concerns. The coalition will continue to monitor and assess the Company’s progress at the Board level and all material changes to its business, strategy and governance. The Coalition for a Responsible Exxon (“CURE”) represents a global spectrum of stakeholders focused on sustainability and committed to delivering long-term returns that account for the realities of a changing climate and energy sector. As of March 1, 2021, CURE brings together over 145 institutional members, who collectively represent circa $2.5 trillion in assets. Media ContactDan Gagnier / Jeffrey MathewsGagnier Communications+1-646-569-5897CURExxon@gagnierfc.com

  • Exxon scales back shale ambitions to focus on lower costs, dividend preservation
    Reuters

    Exxon scales back shale ambitions to focus on lower costs, dividend preservation

    Exxon Mobil Corp is lowering its ambitions for oil and gas output, it said Wednesday, as it focuses on cutting costs and preserving dividends to win back investors that have soured on the company after years of overspending. Exxon last year fell out of the Dow Jones index of top U.S. companies and shares fell to a two-decade low. "The priority right now is to rebuild the balance sheet," Exxon Chief Executive Darren Woods said on a media call following a virtual analysts day that emphasized the company's commitment to lower spending and reducing debt, which has ballooned to $67.6 billion from $37.8 billion two years earlier.

  • ExxonMobil Outlines Plans to Grow Long-Term Shareholder Value in Lower Carbon Future
    Business Wire

    ExxonMobil Outlines Plans to Grow Long-Term Shareholder Value in Lower Carbon Future

    ExxonMobil Outlines Plans to Grow Long-Term Shareholder Value in Lower Carbon Future