2 Bold Oil Stock Predictions for 2025 [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
This past year has been a relatively quiet one for the oil market. After a brief bounce, crude prices are on track to end 2024 in the low $70s -- right around where they began the year. There haven't been any major supply disruptions, and demand has remained resilient. It's anyone's guess what oil prices will do in 2025. I've seen predictions that crude will remain around its current level next year, while other prognosticators believe it could collapse to $50 a barrel. Given that oil prices are tough to predict, I'm going to leave that question alone. However, I do have a couple of rather bold predictions about some notable oil sector companies next year. Prediction No. 1: Chevron will beat ExxonMobil and close its acquisition of Hess A wave of M&A activity has washed over the oil sector in recent years ExxonMobil (NYSE: XOM) kicked things off in October 2023 when it agreed to buy Pioneer Natural Resources in a $59.5 billion all-stock deal. Its fellow oil giant Chevron (NYSE
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XOM
Earnings
- 11/1/24 - Beat
XOM
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 4
- 12/2/24 - Form 4
- XOM's page on the SEC website