Refining stocks are breaking away from the integrated oil majors, and the gap places the bid directly on fuel margins. Marathon Petroleum (NYSE:MPC) stock has risen 5% to $413.75 this afternoon.
Exxon Mobil Corporation · NYSE
Refining stocks are breaking away from the integrated oil majors, and the gap places the bid directly on fuel margins. Marathon Petroleum (NYSE:MPC) stock has risen 5% to $413.75 this afternoon.
XOM's low-cost Guyana and Permian assets, production growth and cost cuts support long-term earnings and cash flows.
Investing.com -- Wells Fargo upgraded BP to Overweight and raised its price target to $57 from $48, while downgrading Exxon Mobil to Equal Weight with an unchanged $182 target in a new note to clients.
Wall Street analysts reshuffled their bets on energy giants, homebuilders, and emerging space plays on Thursday, and the moves cut in some surprising directions for names investors thought they had figured out.
Wells Fargo analyst Sam Margolin downgrades ExxonMobil Holdings (NYSE:XOM) from Overweight to Equal-Weight and announces $182 price target.
Oil is moving freely again through the Strait of Hormuz, but refined fuel is still locked up, and that mismatch is reshaping who feels the pain and who holds the pricing power. Investors watching diesel hit new records in the U.S.
CVX and XOM deepen Vietnam energy ties as new agreements could expand crude, LNG and LPG opportunities.
Shell (SHEL), TotalEnergies (TTE), ExxonMobil (XOM) and China National Petroleum face a $5.2 billion
https://www.pvn.vn/petrovietnam-promotes-energy-projects-and-deepens-vietnam-us-business-cooperation-35565
XOM is up +0.10%. Possible market-relevant factors below — each is coincident evidence, not a confirmed cause.