Exxon Mobil is in the process of exploring the sale of its oil and gas assets in Argentina’s Vaca Muerta shale region. Multiple offers have been received since February 23, 2024, and the company is currently assessing them. This decision is purely business-driven and not influenced by political factors. It should be emphasized that receiving offers does not guarantee the final sale of Exxon Mobil’s Argentina assets.
It is worth mentioning that the Buenos Aires Global Service Center will not be included in the potential sale of Exxon Mobil’s assets in Argentina. This choice is part of the company’s broader strategy to consider divesting its Vaca Muerta assets.
Exxon Mobil Corporation (XOM) Stock Price Slightly Decreases on February 23, 2024: What Investors Need to Know
On February 23, 2024, Exxon Mobil Corporation (XOM) experienced a slight decrease in its stock price. According to data from CNN Money, XOM shares dropped by $0.86, representing a 0.82% decrease from the previous market close.
The stock opened at $103.92, which was $0.84 lower than its previous close. This indicates that there was some selling pressure at the beginning of the trading day, causing the stock to open lower than the previous close.
Despite the slight decrease in stock price, XOM is still trading within its 52-week range, which suggests that the stock has been relatively stable over the past year. Additionally, trading below the 200-day simple moving average may indicate a potential downward trend in the stock price.
Investors and analysts will be closely monitoring XOM’s performance in the coming days to see if the stock can rebound from its recent decline. Factors such as oil prices, global economic conditions, and company-specific news can all impact the stock’s performance in the short term.
Overall, XOM’s performance on February 23, 2024, reflects a slight decrease in stock price. Investors should continue to stay informed about market trends and company developments to make informed decisions about their investments in XOM.
Exxon Mobil Corporation (XOM) Financial Performance Report for 2023: Revenue and Net Income Decline, EPS Flat – Investors Concerned
On February 23, 2024, Exxon Mobil Corporation (XOM) reported its financial performance for the past year and the fourth quarter of 2023. According to data from CNN Money, the company’s total revenue for the past year was $334.70 billion, which decreased by 16.42% compared to the previous year. In the fourth quarter of 2023, total revenue was $81.69 billion, holding flat since the previous quarter.
XOM’s net income for the past year was $36.01 billion, reflecting a decrease of 35.4% compared to the previous year. In the fourth quarter of 2023, net income was $7.63 billion, holding flat since the previous quarter.
Earnings per share (EPS) for XOM were $8.89 for the past year, which decreased by 32.93% compared to the previous year. In the fourth quarter of 2023, EPS was $1.91, holding flat since the previous quarter.
The performance of XOM stock on February 23, 2024, reflects the challenges faced by the company in terms of declining revenue, net income, and earnings per share. Investors may be concerned about the company’s ability to generate growth and profitability in the future, given the downward trend in these key financial metrics.
It is important for investors to closely monitor XOM’s financial performance and any strategic initiatives the company may undertake to address these challenges. Additionally, external factors such as changes in oil prices, regulatory environment, and global economic conditions can also impact XOM’s stock performance.
