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Crude oil prices tumbled Tuesday morning after OPEC cut its global oil demand forecast for 2024 to about 2 million barrels per day (BPD), or roughly 80,000 BPD lower than its previous forecast ...
Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...
Exxon said it distributed $3.8 billion in dividends last quarter. The company said its annual pace of share repurchases, which were paused pending the merger, will increase to $20 billion per year ...
From $60 at the end of last year, to more than $104 at Wednesday's close, shares of oil giant Exxon Mobil Corporation (XOM) have surged 75% in less than six months as Evercore ISI analyst Stephen ...
Exxon expects earnings from that segment to increase by around $400 million despite a 6% decline in oil prices during the period. Exxon benefited from a roughly 30% rebound in the price of natural ...
Chevron backs that up with a 37-year streak of annual dividend increases and a very low debt-to-equity ratio of roughly 0.2. The dividend yield is an attractive 4.5%. That yield, however, is ...