US-based oil and gas company ExxonMobil is reportedly looking to re-enter Iraq after an absence of almost two years. The company is moving towards agreements that could open the way to operations in the Majnoon oilfield, reported Bloomberg, citing sources. A source with knowledge of the discussions said the oil giant intends to enter into heads of agreement (HoA) with Basra Oil and the Iraq-based State Organization for Marketing of Oil (SOMO) in the upcoming days. The proposed HoA is said to cover discu ...

分析师背景 - 分析师为买方股票分析师 拥有超过5年行业经验[1] - 在进入投资管理行业前 拥有超过十年专业服务经验 涵盖油气 油气服务 中游 工业 信息技术 EPC服务和可选消费等多个行业[1] - 投资建议基于对整个投资生态系统的全面考量 而非孤立分析单一公司[1]

Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field. The Majnoon field has estimated reserves of 38 billion barrels, which makes it one of the biggest in the world. According to the companies currently involved in work in the field, additional seismic surveys could uncover more reserves at the field. Exxon confirmed the information in general, telling Bloomberg in ...

公司战略动向 - 石油巨头埃克森美孚考虑在中断近两年后重新进入伊拉克 [1] - 公司计划签署协议为勘探伊拉克巨型马吉努油田奠定基础 [1]

投资评级与目标价调整 - Piper Sandler维持对埃克森美孚的增持评级，但将其目标价从145美元下调至141美元 [1] - 该机构仍将埃克森美孚视为首选的长期持仓标的，特别是在第三季度业绩发布前 [1] 第三季度业绩预期 - 预计第三季度每股收益为1.81美元，较该机构先前预测的1.51美元有所上调，但低于市场讨论的1.90美元至1.95美元区间 [2] - 上游业务约2亿美元的负面时机效应是导致业绩预期低于市场共识的主要原因 [2] - 公司8-K文件中的初步数据暗示其盈利将略低于市场预期 [1] 各业务板块表现与前景 - 强劲的上游业务和炼油领域的领先地位是公司的主要支撑 [1] - 炼油业务业绩强劲，部分抵消了上游业务的负面时机效应 [2] - 尽管上游和化工板块贡献略有下降，但公司前景依然乐观 [3] - 强劲的炼油基本面和全球天然气市场的持续走强为公司在年底乃至2026年的前景提供了支撑 [3]

ExxonMobil Corp. expects to post a sharp rebound in refining profitability for the third quarter of 2025, forecasting a $500 million increase in refining earnings compared to the previous quarter — a sign that the downstream sector remains a bright spot even as oil and gas prices stagnate. According to the company’s latest regulatory filing, refining margins are projected to add between $300 million and $700 million to quarterly earnings, driven by resilient demand during the summer driving season and imp ...

埃克森美孚2025年第三季度业绩预期 - 公司预计第三季度收益将因油价变动而环比增加3亿美元 [1] - 公司预计第三季度收益将因天然气价格变动而环比增加2亿美元 [2] - 油价变动对第三季度净利润的潜在影响范围在亏损1亿美元至盈利3亿美元之间 [2] - 天然气价格变动对第三季度净利润的潜在影响范围在亏损2亿美元至盈利2亿美元之间 [2] - 能源产品业务部门预计第三季度收益在3亿至7亿美元之间，得益于有利的行业炼油利润率 [4] 商品价格环境分析 - 2025年第三季度前两个月（7月、8月）的平均WTI现货价格分别为每桶68.39美元和64.86美元，高于第二季度同期（4月63.54美元、5月62.17美元）的价格水平 [3] - 9月份WTI现货价格为每桶63.96美元 [3] - 第三季度初更健康的油价环境可能支撑了公司盈利预期区间的上限 [3] 行业同行比较与预期 - 雪佛龙公司和BP公司等其他综合能源巨头同样高度受原油和天然气价格影响 [5] - 上述原油定价环境预计也对雪佛龙和BP的上游业务产生了影响 [5] - 市场对雪佛龙第三季度每股收益的共识预期为1.88美元，暗示同比下降25.1% [6] - 市场对BP第三季度每股收益的共识预期为70美分，暗示同比下降约16% [6] - 市场对埃克森美孚第三季度每股收益的共识预期为1.72美元，暗示同比下降10.4% [4]

Key Points Exxon's 2030 plan will deliver significant earnings and cash-flow growth over the next several years. The company plans to invest heavily in growing its legacy oil and gas business and new lower-carbon energy businesses. Exxon should return a lot of cash to shareholders in the coming years. 10 stocks we like better than ExxonMobil › Demand for energy is at an all-time high and still growing. Economic expansion and new drivers like artificial intelligence (AI) are set to keep oil demand ...

(Corrects dateline to Oct 7, not Oct 6. No change to text) By America Hernandez and Stephanie Kelly PARIS/LONDON -The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing debt, analysts said. Chevron, ExxonMobil, BP, Shell and TotalEnergies have pledged high returns for the past decade to avert an investor exodus as fossil fuels lost their appeal. But maintaining those generous payou ...

公司业绩指引 - 预计第三季度盈利因原油价格变动较第二季度增加最多3亿美元 [1] - 原油价格变动对盈利的影响区间为负1亿美元至正3亿美元 [1] - 天然气价格对盈利的影响范围较小，在负2亿美元至正2亿美元之间 [1] - 炼油利润率反弹预计为盈利贡献3亿至7亿美元 [1] - 化工部门因利润率提升带来盈利增幅约1亿至3亿美元 [1] - 重组成本可能对整体盈利产生4亿至6亿美元的负面影响 [1] 公司财务信息 - 公司将于10月31日发布第三季度业绩 [1] - 分析师预计公司经调整后每股收益约为1.79美元 [1]