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EXXON MOBIL CORPORATIONEXXON MOBIL CORPORATIONEXXON MOBIL CORPORATION

EXXON MOBIL CORPORATION

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XOM trade ideas

Exxon-Mobil Corp. (XOM)The company announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, or $0.01 per share assuming dilution. First quarter capital and exploration expenditures were $3.1 billion, $4 billion lower than the first quarter of 2020. Oil-equivalent production was 3.8 million barrels per day, up 3 percent from the fourth quarter of 2020. Excluding entitlement effects, government mandates and divestments, oil-equivalent production was up 2 percent. During severe winter weather in Texas in February, ExxonMobil cogeneration facilities generated 400 megawatts of electricity, helping to power about 200,000 homes. The severe weather event reduced first quarter earnings by nearly $600 million across all businesses from decreased production and lower sales volumes, repair costs, and the net impact of energy purchases and sales. All affected facilities have resumed normal operations. Exxon Mobil shares offer strong total return possibilities to 2024-2026. Recovery potential is relatively attractive if the expected comeback in fuel demand takes place. Meanwhile, the dividend provides strong income. • Cash flow from operating activities of $9.3 billion fully funded dividend and capital expenditures, and drove debt reduction of over $4 billion. • Lowered cash operating expenses versus the first and fourth quarters of 2020; on pace to deliver additional structural cost savings.
NYSE:XOMLong
by mgiuliani
5
XOM: "on the road again!"XOM is bouncing off the yellow support line and is heading to its 52 weeks high before its earnings on April 31st. All indicators are in favor of this bullish movement. You see a double bottom on the chart, and RSI which is rising, and the MACD that is about to cross up. Don't forget to check out the stop loss and make sure to set it as soon as you placed your trade. Nothing is guaranteed in this giant casino! Anyways, this is a ~2:1 risk ratio trade and has a high chance of successful execution.
NYSE:XOMLong
by MarkitMaven
1
Cup and HandleI have been waiting on XOM to find a happy place. I owned it, sold it, and now miss that fat dividend. The rising wedge scared me and the sell volume bar did not help )o: OIL was popping then it pulled back, and back. But I have a funny feeling. The good kind. Fingers are crossed. The moving averages are where they are supposed to be. The 50 is over the 100 and the 100 is above the 200. They are all sloping upward. The handle low can be a good source of support. If you look to the left side of the cup, there is a gap up and a gap down very close together that could be great support. Fortune favors the brave.
NYSE:XOMLong
by lauralea
11