文章核心观点 - 埃克森美孚是能源行业巨头，虽2023年因油价下跌营收下降，但财务状况良好，有新增长机会，当前股价被低估，建议长期投资者持有或买入 [1][18][20] 财务分析 - 2023年营收从2022年高位回落，因俄乌冲突后油价回归2021年水平，在70 - 90美元区间波动 [3] - 与2021年相比，公司营收增加、费用降低，近三年短期债务大幅减少，2023年未新增债务，现金余额增加 [4] - 二季度利息覆盖率为50.42，2023财年为62.17，长期债务权益比为0.13，未来四年长期债务占比下降 [5] - 股价与自由现金流比率为13.69，与同行水平相近，表明公司当前未被高估 [6] 股票表现 - 自2022年突破高位后，公司及同行股价停滞，可能因2023年营收和净利润下降 [7] - 营收下降未导致股价下跌，因与2021年相比营收增加、费用降低，且管理层持续分红 [8] - 公司连续41年增加股息支付，有175亿美元股票回购计划，有助于稳定股价，显示公司增长潜力 [9][10] - 过去五年公司与标普500的总回报表现为109%，股息推动了股价表现 [11] 圭亚那业务增长 - 2015年埃克森美孚在圭亚那沿海发现石油，该国石油生产繁荣，政府支持钻探项目，公司是该地区最大石油生产商 [12] - 圭亚那能源发展推动全球最快实际GDP增长，公司二季度全球产量增长21%，圭亚那贡献巨大，日产量达63万桶 [13] - 公司已委托圭亚那第六个海上项目，预计2027年投产，还申请了2029年开始的第七个项目 [14] 先锋自然资源收购 - 公司收购先锋自然资源，是20年来石油行业最大并购，使其在二叠纪盆地和美国成为最大生产商 [15] - 二季度公司在二叠纪盆地石油产量超100万桶，合并后公司在特拉华和米德兰盆地估计有160亿桶油当量资源 [15] - 二叠纪盆地是美国最重要的石油生产地，先锋等中小企业贡献80%产量，收购使公司获得最大市场份额 [16] 展望 - 公司过去两年表现良好，市盈率和股价与自由现金流比率显示估值合理，管理层持续增加股息和回购股票 [18] - 公司在圭亚那的业务和收购先锋自然资源使其在美国占据重要地位，资产负债表强劲，短期债务义务减少 [19] - 中东紧张局势为原油价格提供支撑，公司进入电动汽车市场，长期前景良好，短期也可能受益 [19]

ExxonMobil is selling some noncore assets to sharpen its focus on its best assets.ExxonMobil (XOM -0.99%) closed its roughly $60 billion megadeal for Pioneer Natural Resources in May. The transformational transaction will double its footprint in the resource-rich Permian Basin. It will also give it the fuel to grow its production to 2 million barrels of oil equivalent per day (BOE/d) by 2027, up from 1.3 million BOE/d after closing the deal. The Pioneer transaction will also enable ExxonMobil to high-grade ...

ExxonMobil Corporation (XOM) ), the U.S. energy giant, is reportedly looking to sell a package of conventional oil assets in the Permian Basin, aiming to streamline its portfolio and focus on shale production. The transaction could potentially fetch around $1 billion, depending on oil prices at the time of the sale, according to a Bloomberg report.XOM Puts Some Permian Assets on the BlockThe assets are located in the Central Basin of the Permian, spanning across West Texas and Southeast New Mexico. These in ...

Exxon Mobil Corporation (XOM) forecasts that global crude oil demand will remain robust, exceeding 100 million barrels per day (bpd) through 2050, per a Reuters report.This outlook, significantly higher than BP plc's (BP) projection, underscores ExxonMobil’s aggressive production strategy, distinguishing it from its European counterparts. ExxonMobil, the largest U.S. oil company, revealed its latest global oil outlook, marking a substantial increase from BP's more conservative estimates.ExxonMobil’s product ...

Resistance levels are a large concentration of traders and investors who are looking to sell their shares at, or close to, the same price. The “level” is typically more of a range than a particular price.Sometimes these levels and ranges are clear and well-defined. As you can see on the following chart, that is the case with the $119.75 level for Exxon Mobil Corp XOM. This is why it's the Stock of the Day.Markets are driven by supply and demand. If there is more demand (buy orders) than supply (sell orders) ...

Oil and natural gas will still make up more than half of the world's energy mix in 2050 despite efforts to transition away from fossil fuels, according to a forecast published by Exxon Mobil on Monday.Fossil fuels currently represent about 80% of the world energy mix, according to the Paris-based International Energy Agency. Oil demand will plateau after 2030 but remain roughly at current levels of more than 100 million barrels per day through 2050, according to Exxon's forecast.Stubborn oil and gas demand ...

ExxonMobil is a well-run energy company, but it is still beholden to the volatility of oil prices.ExxonMobil (XOM 1.39%) is among the largest energy companies in the world. Whether it is using the Exxon, Mobil, or Esso nameplate, there's probably an ExxonMobil gas station somewhere near you. But being big and well known isn't enough to make the stock a millionaire maker. Here's what investors need to understand before they buy ExxonMobil.1. ExxonMobil is an industry giantExxonMobil has a market cap of rough ...

ExxonMobil is a dividend-paying machine.Recessions bring a lot of uncertainty. That can cause companies to become more fiscally conservative. They often press pause on growing their dividends and, in some cases, cut or suspend their payouts to conserve cash.However, that hasn't been the case for oil giant ExxonMobil (XOM 1.39%) over the years. It has increased its dividend for 41 straight years, which includes four recessions and many other oil market downturns. While its past performance in a recession doe ...

文章核心观点 - 分析师给出的股票评级建议对投资者选股并不可靠 [6][7][8] - 分析师倾向于给予积极的股票评级,存在利益冲突 [7][12] - 相比分析师评级,Zacks Rank是更可靠的股票评级指标 [9][13][14][15] 公司概况 - 埃克森美孚(XOM)目前的平均券商评级(ABR)为1.87,介于强烈买入和买入之间 [3] - 23家券商中有13家给予强烈买入评级,占56.5% [4] 行业分析 - 分析师给出的积极评级往往不能准确预测股价走势 [6][8] - 埃克森美孚最近一个月的盈利预测已下调2.7%,分析师对其盈利前景持悲观态度 [16][17] - 综合多方面因素,埃克森美孚目前的Zacks Rank为5级(强烈卖出) [18]

文章核心观点 - 公司完成先锋资源收购，对产量和自由现金流增长有积极作用，且股票估值合理，资本回报潜力大，是有吸引力的投资选择 [4][6][8] 公司运营情况 - 二季度运营产生大量自由现金流，全年股票回购指引为200亿美元 [2] - 去年以600亿美元全股票交易收购先锋资源，旨在提升美国产量，尤其是二叠纪盆地产量，交易完成后预计二叠纪产量翻倍至每天130万桶油当量 [5] - 2024年二季度美国业务日产量达126万桶油当量，环比增长55%，全球液体总产量环比增长17% [5] 现金流情况 - 二季度产生50亿美元自由现金流，同比无增长，但先锋资源收购完成后将成为未来自由现金流增长的主要催化剂 [6] - 2024年二季度经营活动现金流为106亿美元，资产出售所得为9亿美元，经营和资产出售现金流为115亿美元，PP&E增加/投资及预付款为 -65亿美元 [7] 估值情况 - 目前市盈率为12.6倍，比长期平均市盈率10.4倍高约20%，竞争对手雪佛龙市盈率为10.6倍，康菲石油市盈率为11.2倍 [8] - 基于强劲自由现金流、大规模和稳健资本回报计划，预计2025财年市盈率可达13 - 14倍，按共识盈利预测每股9.42美元计算，公允价值区间为每股122 - 132美元 [8] 资本回报情况 - 今年股票回购指引超190亿美元，明年约200亿美元，且支付不断增长的股息，股息收益率超3% [10] 行业影响因素 - OPEC+延长供应限制，稳定和支撑了石油价格，有利于埃克森美孚等大型生产商 [4][6] 最终结论 - 收购先锋资源已对液体产量产生积极贡献，二叠纪产量翻倍有望推动有机自由现金流增长，股票市盈率合理，风险倾向于上行，长期投资的收益型投资者有望从股息增长中受益 [12]