Exxon Mobil (XOM) Receives a Buy From Evercore ISI
Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?
The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."
Oil Prices Slide Over US$2 As OPEC+ Accelerates Output Hikes
Exxon Mobil's Strategic Resilience and Growth Potential Earns Buy Rating
Exxon Mobil Options Spot-On: On May 5th, 63,216 Contracts Were Traded, With 1.06 Million Open Interest
OPEC Just Created The Income Trade Of The Decade
Crude Oil in the USA fell by 2% as the OPEC+ June production increase expectations put pressure.
WTI Crude Oil in the USA fell about 2% on Monday (May 5), after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase production for the second consecutive month. West Texas Intermediate Crude Oil for June delivery on the New York Exchange decreased by $1.16, a drop of 1.99%, closing at $57.13 per barrel. The global benchmark Brent Crude Oil fell by $1.06, down 1.73%, closing at $60.23 per barrel. International oil prices have cumulatively dropped about 20% this year. Last Saturday (May 3), the eight OPEC+ countries led by Saudi Arabia reached an agreement to increase production again in June.
$50 Oil Looks Likely. It Isn't Priced in the Stocks Yet. -- Barrons.com
Update: WTI Oil Trading at Four-Year Low as OPEC+ Looks to Discipline Members With Another Hike in Supply
Where Trump Is Likely Getting His $1.98 Gas Price Figure
Exxon Mobil | 10-Q: Q1 2025 Earnings Report
Exxon Mobil (XOM) Stock Falls On Mixed Q1 Earnings, OPEC+ Supply Hike
Falling Oil Prices Put U.S. Drilling in Focus -- Market Talk
RBC Capital Maintains Sector Perform on Exxon Mobil, Lowers Price Target to $105
Goldman Sachs Issues Bearish $40 Oil Forecast As OPEC+ Pumps More: Energy Stocks Sink
Shares of Energy Stocks Are Trading Lower Amid a Drop in the Price of Oil. Oil Fell on Reports Suggesting OPEC+ Agreed to Production Increases in June.
Express News | Shares of Energy Stocks Are Trading Lower Amid a Drop in the Price of Oil. Oil Fell on Reports Suggesting OPEC+ Agreed to Production Increases in June
Barclays Maintains Overweight on Exxon Mobil, Lowers Price Target to $127
Exxon Mobil Analyst Ratings
Oil Prices Drop to Four-Year Low. Big Mergers Like a Shell, BP Combo Could Appeal. -- Barrons.com