Exxon Mobil is a multinational oil and gas corporation engaged in the exploration, production, refining, and distribution of petroleum and petrochemical products. The company operates in various segments, including upstream operations, which involve the extraction of crude oil and natural gas, and downstream operations, which focus on refining and marketing fuels and lubricants. Additionally, Exxon Mobil invests in alternative energy solutions and technologies, contributing to ongoing efforts to address global energy challenges. With a significant presence in multiple countries, the company plays a vital role in supplying energy and products to meet the demands of consumers and industries worldwide. Read More
Exxon Mobil shares are trading lower Monday afternoon. Market sentiment is dipping Monday after Donald Trump announced 30% tariffs on EU and Mexico imports starting Aug. 1.
According to a Bloomberg report, Blackstone President Jon Gray is expected to announce a $25 billion project focused on energy and data center development, including a joint venture to boost U.S. power generation capacity.
The market is strong with majority of S&P 500 stocks above their 200-day moving averages. Energy stocks are leading, while defensive sectors may offer lower volatility. Traders can use volatility to their advantage for maximum returns.
Chevron is launching a $5 billion hydrogen project, restructuring global operations, and deepening energy ties with Indonesia through a $34 billion agreement.
U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, outlining sweeping new tariffs.
