Tech earnings take spotlight this week–but we also get consumer and oil company reports
Hope you like earnings news. This week brings a ton of third-quarter earnings reports with news from Microsoft, Amazon, Meta Platforms, and Alphabet quite capable of moving the entire market. We’ll also get more consumer company (Coca-Cola and Kimberly-Clark for...
Exxon Mobil in talks to acquire Pioneer Natural Resources for $60 billion–I’m selling my position on Monday
The Wall Street Journal has reported that Exxon Mobil (XOM) is in advanced talks to buy Pioneer Natural Resources (PXD) in a deal valued at $60 billion. Pioneer currently has a market cap of $55 billion. Throw in the debt that Exxon would be buying and there’s...
Exxon Mobil guides to huge drop in earnings; just one example of revenue and earnings problems across the sector
On Wednesday, July 5, Exxon Mobil (XOM) told investors that second quarter earnings could drop by nearly 50% from earnings in the second quarter of 2022. On Thursday, July 6, shares of Exxon Mobil closed down 3.73%. Remember, we’re talking about Exxon Mobil...
Sunday’s surprise OPEC+ sends oil and oil stocks higher Monday (with slight retreat today)
On Sunday, April 2 OPEC+ announced a surprise oil production cut of more than 1 million barrels a day. The organization had not so long ago promised that it would hold supply steady. Saudi Arabia led the move by pledging its own 500,000 barrel-a-day supply reduction....
Watch my new YouTube video: Trend of the Week Timing the Oil Stock Rally”
I’m starting up my videos again–this time using YouTube as a platform. My sixty-third YouTube video “Trend of the Week: Timing the Oil Stock Rally” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see...
Shareholders vote their unhappiness with ExxonMobil’s strategy on climate change
Remember that shareholders almost never exercise their power as owners when you think about yesterday’s news from ExxonMobil (XOM). On Wednesday, May 26, ExxonMobil shareholders voted to install at least two new independent directors to the company’s board. (The...
May 26 is a big day for Exxon, the global oil industry, and global climate change
ExxonMobil’s (XOM) May 26 annual meeting has turned into a referendum on the global oil industry and climate change. At issue is a key question for the industry and the global climate: How much of the oil that’s been discovered to date but not pumped so...
Saudis surprise OPEC; oil soars by 5%
Today, January 5, Saudi Arabia shocked OPEC+ with a voluntary 1-million-barrel-per-day output cut. The announcement came after OPEC and Russia agreed to allow a 75,000 barrels a day increase in total production from Russia and Kazakhstan in February and March. On the...
A huge wave of earnings reports this week–here are a few to watch
Look for a huge number of earnings reports in the coming week with 93 on Monday, 178 on Tuesday, 319 on Wednesday, 397 on Thursday, and 81 on Friday. Let me pick out a few that have extra significance. On Tuesday Microsoft (MSFT), Advanced Micro Devices (AMD) and...
OPEC production curbs collapse in Russia-Saudi fight
It’s over. The three-year marriage of convenience between Saudi Arabia and Russia is done. The Saudi’s argued that Russia and OPEC producers must cut production further in response to falling demand for oil in the face of the coronavirus outbreak. Russia...
Oil earnings expected to disappoint starting with BP tomorrow and then continuing with ExxonMobil and Chevron on Friday
The oil supermajors–ExxonMobil (XOM), Chevron (CVX),Royal Dutch Shell (RDS), Total (TOT) and BP (BP)–are expected to show a 42% year over year average plummet in third quarter earnings when they report earnings this week. That’s an even bigger slump...
A deep dive into Exxon Mobil financials shows where even the big oil majors are vulnerable
On Monday, August 19, Â I posted a deep dive into the financials at Concho Resources (CXO) to illustrate some of the pressures weighing on the stocks of oil shale producers. Now Exxon Mobil (XOM) is a very different kind of oil company. It’s diversified globally....
I’m selling Exxon Mobil out of my Dividend Portfolio as part of my annual portfolio rebalancing
I’m part way through the annual rebalancing of my Dividend Portfolio (with other portfolios to follow.) The initial stage of that process requires a close look at which of the stocks in the portfolio I’d like to keep for another year (based on their...
Selling ExxonMobil out of my long-term 50 Stocks portfolio; keeping it in my Dividend portfolio
ExxonMobil (XOM) is a hard company to characterize: it does some things so well that it has no peer and it does some things poorly enough to put the company in the middle of the oil company pack. On the very big plus side, nobody does the integration of refineries and...
After the big oil rally: Winners from OPEC’s agreement to cut production
This post originally ran on my subscription site JubakAM.com on December 1. The entire energy sector was up Wednesday on OPEC’s agreement to cut production–but not every stock rose to the same degree. I think these themes defined the way that the market...
Advance warning: New York markets are going to have a lot to digest when they open Friday morning
Earnings reports from Amazon (AMZN) and Alphabet (GOOG) after the close today. Earnings from ExxonMobil(XOM) before the open tomorrow. The advance report on third quarter U.S. GDP at 8:30 a.m. New York time tomorrow. Yep, the financial markets in New York are going to...
Exxon Mobil (XOM)
Normally I look for dividend yields above 4% or 5% for my dividend income portfolio. On this measure, Exxon Mobil (XOM) with its 3.35% yield isn’t exactly an astounding opportunity. But something out of a recent report from Goldman Sachs caught my eye: Exxon Mobile...5 picks for energy, the once and future sector
On January 28, I argued that the U.S. economy is still in the early recovery stage of the business cycle, and that you should overweight your portfolio toward the stocks that do best at this point in the cycle: “Sectors that do best are usually industrials, near the...Oil drilling failure rate surges at the Western majors
It’s not a factor now in the climbing price of oil but the trend certainly doesn’t portend cheaper oil down the road. Or a rosy future for the Western oil giants. In 2009 Chevron’s (CVX) drilling failure rate climbed to 35%. More than one-third of exploratory wells...ExxonMobil buys U.S. natural gas for $31 billion–I told you this was a big trend
ExxonMobil (XOM) will buy XTO Energy (XTO) for $31 billion in stock. (ExxonMobil will also assume $10 billion in XTO Energy debt.) This acquisition is just the latest example of a shift among the international energy majors from exploration and development for oil in...Up/down, buy/sell, gloom/boom: It's not easy to be a long-term investor
Take the long view The stock market is fixated on the short-term, we all know that. It’s an unusual occasion when stock analysts and investors look more than a few quarters ahead. That means stock prices often tend to respond to short-term news as if it were the only...Behind China's buying spree in oil: fears of a falling dollar
What do you do if you’re sitting on reserves of $2 trillion and you’re afraid that a sinking U.S. dollar will erode the value of that pile of cash? If you’re China, you buy things. Small things, naturally. $40 billion for oil drilling rights in...Sell ExxonMobil (XOM)
When I added ExxonMobil (XOM) to Jubak’s Picks on December 23, 2008, I thought it was a reasonable way to balance risk and reward. The stock was a good way to reach for some upside return in case the global economy—and oil prices—rebounded more quickly than I expected...Update ExxonMobil (XOM)
I think this quarter marks an important transition for oil stocks. What everybody knows—the consensus wisdom that is baked into stock prices–has moved on. Everybody now accepts that oil prices will be low enough so that oil company earnings will look terrible in...With Exxon and Chevron on deck, it's so far, not so good in the oil sector
And seldom was heard an encouraging word…. At least from the oil producers and oil service companies that have reported second quarter earnings as of the close of trading on July 29. The best news is that oil companies aren’t slashing capital spending...Next week it's oil, oil and more oil earnings. To know where the industry is going, forget profits and look at capital spending
Exxon Mobile (XOM). Chevron (CVX). Royal Dutch Shell (RDS.A). BP (BP). ConocoPhillips (COP). Noble Energy (NBL) Apache (APA). Petro-Canada (PCZ). All these production companies report quarterly earnings next week. Add in drilling equipment and oil service companies...Jim’s Daily Email Alerts:
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