Exxon Mobil Considers Billions in Losses from Russia as Negotiations with Rosneft Progress
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
0mins
Should l Buy XOM?
Source: Benzinga
Exxon Mobil's Preliminary Deal with Rosneft: Exxon Mobil has entered a non-binding agreement with Russia's Rosneft to explore recovering $4.6 billion lost from its withdrawal from Russian operations in 2022, marking a cautious step towards commercial dialogue, contingent on geopolitical developments.
Hammerhead Development in Guyana: Exxon has finalized plans for the Hammerhead project offshore Guyana, aiming for first oil in 2029, with a budget of $6.8 billion and a production capacity of 150,000 barrels per day, contributing to over $60 billion in commitments across its Stabroek projects.
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Analyst Views on XOM
Wall Street analysts forecast XOM stock price to fall
19 Analyst Rating
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 171.470
Low
114.00
Averages
132.17
High
158.00
Current: 171.470
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Golden Pass LNG Project Begins Production
- LNG Production Commencement: The Golden Pass joint venture between Exxon Mobil and QatarEnergy has started production at its Texas facility, marking a significant milestone for one of the largest U.S. export projects, with the first cargo expected in Q2.
- Capacity Expansion: The initial production unit will add 6 million metric tons per year of LNG capacity, and once fully operational, the facility will produce 18 million metric tons annually, significantly enhancing U.S. supply capabilities in the global energy market.
- Strategic Importance: Following damage to Qatar's Ras Laffan facility due to Iranian strikes, this facility is poised to become a critical source of supply, further solidifying the U.S. position in the global energy supply chain.
- Investment Context: The Golden Pass project, with a total investment of $10 billion, sees QatarEnergy holding a 70% stake and Exxon Mobil a 30% stake; despite facing delays and cost overruns since its 2019 inception, the project's launch underscores its strategic significance.
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European Stocks Rebound Strongly; Vestas Secures Major Orders
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- Oil Price Fluctuations: Global benchmark Brent crude oil prices fell by 0.4% to around $103.82 per barrel following President Trump's announcement of U.S. troop withdrawal from Iran in two to three weeks, as markets digest the implications of this news.
- Vestas Order Growth: Danish wind energy developer Vestas announced it secured a 135-megawatt order in the U.S. and a 90-megawatt order in the U.K., reflecting strong demand in the wind energy sector, with total first-quarter orders reaching 4.2 gigawatts.
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- Strait of Hormuz Impact: Disruptions in the Strait of Hormuz directly affect about 20% of global crude oil supply, leading to significant increases in oil tanker day rates, with Frontline, the largest operator, poised for substantial short-term profitability gains.
- High Operating Leverage: With most of Frontline's operating expenses fixed, rising oil prices allow incremental revenue to flow directly to the bottom line, as evidenced by the current VLCC day rate of $423,736, far exceeding the $76,900 average at the start of 2026, indicating strong profit potential.
- Conservative Analyst Expectations: Analysts project Frontline's EPS to exceed $3.50 in 2026 but drop to around $2.35 in 2027, reflecting cautious sentiment regarding the sustainability of this tailwind, which may pressure the stock price in the short term.
- Attractive Dividend Yield: With a current dividend yield of 5.2%, Frontline stands out among high-yield stocks, and if elevated rates persist, exceeding earnings expectations could further drive the stock price up, attracting more investor interest.
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Frontline Positioned to Benefit from Strait of Hormuz Crisis
- Profitability Surge: As the world's largest VLCC operator, Frontline stands to gain significantly from the Strait of Hormuz crisis, with analysts projecting earnings of $3.62 per share in 2026, more than double last year's figures, indicating robust profit growth potential.
- Charter Rate Spike: The ongoing conflict has driven VLCC daily charter rates to a record high of $423,736, significantly enhancing Frontline's operating leverage and boosting near-term profitability.
- Positive Market Response: While analysts forecast a drop in EPS to $2.35 in 2027, the current elevated charter rates could allow Frontline's stock price to continue rising, potentially surpassing recent highs of $40 per share.
- Attractive Dividend Yield: With a current dividend yield of 5.2%, Frontline presents a compelling opportunity among high-yield stocks, particularly in the context of fluctuating oil prices, making it a focal point for investors.
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Crude Oil Prices Surge Amid Middle East Tensions
- Oil Price Surge: Brent crude for June delivery rose 1.5% to $105.56 per barrel, with March prices soaring over 60%, marking the largest monthly rally since 1988, indicating market sensitivity to Middle Eastern tensions.
- Strong U.S. Crude Performance: U.S. crude for May also increased by 1.5% to $102.92 per barrel, with a 51% rise in March, representing the best performance since May 2020, reflecting concerns over supply disruptions.
- Escalating Geopolitical Risks: Iranian drones targeted fuel tanks at Kuwait International Airport, causing a massive fire and exacerbating global economic fears over reliance on Middle Eastern oil, especially with shipments through the Strait of Hormuz nearly halted.
- Trump's Withdrawal Statement: Trump indicated that U.S. forces are expected to leave Iran in two to three weeks, dismissing the need for a negotiated deal to end the conflict, which could lead to further oil price volatility and impact global market stability.
See More
Trump Signs Executive Order Amid Iran Conflict Hopes
- Market Rally: Wall Street experienced a significant rally on Tuesday due to renewed optimism regarding a potential resolution to the U.S.-Iran conflict, with all three major indexes posting their best day since May; the Dow surged over 1,100 points, the S&P 500 rose 2.91% to 6,528.52, and the Nasdaq Composite climbed 3.83% to 21,590.63, indicating strong investor sentiment.
- Trump's Upcoming Address: The White House announced that President Trump will deliver an important address regarding Iran on Wednesday at 9 p.m. ET, which is expected to further influence market sentiment, especially as he indicated that U.S. military forces might leave Iran in “two to three weeks,” potentially sustaining the current optimism.
- Oil Price Fluctuations: Brent crude prices remained elevated following Iran's attack on a Kuwaiti oil tanker near Dubai, with partial closures of the Strait of Hormuz impacting global supply chains, particularly in the oil sector, highlighting the ongoing geopolitical risks affecting energy markets.
- Tech Stock Movements: OpenAI announced it closed a record-breaking funding round, valuing the company at $852 billion with $122 billion in committed capital, reflecting strong investor interest in the AI sector, while Oracle began layoffs in response to plummeting stock prices, illustrating the uncertainty within the tech industry amid current market conditions.
See More
Golden Pass LNG Project Begins Production
- LNG Production Commencement: The Golden Pass joint venture between Exxon Mobil and QatarEnergy has started production at its Texas facility, marking a significant milestone for one of the largest U.S. export projects, with the first cargo expected in Q2.
- Capacity Expansion: The initial production unit will add 6 million metric tons per year of LNG capacity, and once fully operational, the facility will produce 18 million metric tons annually, significantly enhancing U.S. supply capabilities in the global energy market.
- Strategic Importance: Following damage to Qatar's Ras Laffan facility due to Iranian strikes, this facility is poised to become a critical source of supply, further solidifying the U.S. position in the global energy supply chain.
- Investment Context: The Golden Pass project, with a total investment of $10 billion, sees QatarEnergy holding a 70% stake and Exxon Mobil a 30% stake; despite facing delays and cost overruns since its 2019 inception, the project's launch underscores its strategic significance.
See More
European Stocks Rebound Strongly; Vestas Secures Major Orders
- Market Rebound: European stocks are set to open the new trading month with a strong rebound after recording their worst month since 2022 in March, with Stoxx 50 futures up by 2%, indicating a recovery in investor confidence.
- Oil Price Fluctuations: Global benchmark Brent crude oil prices fell by 0.4% to around $103.82 per barrel following President Trump's announcement of U.S. troop withdrawal from Iran in two to three weeks, as markets digest the implications of this news.
- Vestas Order Growth: Danish wind energy developer Vestas announced it secured a 135-megawatt order in the U.S. and a 90-megawatt order in the U.K., reflecting strong demand in the wind energy sector, with total first-quarter orders reaching 4.2 gigawatts.
- Nike Sales Warning: Nike's shares listed in Frankfurt sharply declined after the retailer warned of a 20% expected drop in sales in its key China market, indicating ongoing challenges in the retail environment for the remainder of the year.
See More
Middle East Conflict Boosts Oil Tanker Stocks
- Strait of Hormuz Impact: Disruptions in the Strait of Hormuz directly affect about 20% of global crude oil supply, leading to significant increases in oil tanker day rates, with Frontline, the largest operator, poised for substantial short-term profitability gains.
- High Operating Leverage: With most of Frontline's operating expenses fixed, rising oil prices allow incremental revenue to flow directly to the bottom line, as evidenced by the current VLCC day rate of $423,736, far exceeding the $76,900 average at the start of 2026, indicating strong profit potential.
- Conservative Analyst Expectations: Analysts project Frontline's EPS to exceed $3.50 in 2026 but drop to around $2.35 in 2027, reflecting cautious sentiment regarding the sustainability of this tailwind, which may pressure the stock price in the short term.
- Attractive Dividend Yield: With a current dividend yield of 5.2%, Frontline stands out among high-yield stocks, and if elevated rates persist, exceeding earnings expectations could further drive the stock price up, attracting more investor interest.
See More
Frontline Positioned to Benefit from Strait of Hormuz Crisis
- Profitability Surge: As the world's largest VLCC operator, Frontline stands to gain significantly from the Strait of Hormuz crisis, with analysts projecting earnings of $3.62 per share in 2026, more than double last year's figures, indicating robust profit growth potential.
- Charter Rate Spike: The ongoing conflict has driven VLCC daily charter rates to a record high of $423,736, significantly enhancing Frontline's operating leverage and boosting near-term profitability.
- Positive Market Response: While analysts forecast a drop in EPS to $2.35 in 2027, the current elevated charter rates could allow Frontline's stock price to continue rising, potentially surpassing recent highs of $40 per share.
- Attractive Dividend Yield: With a current dividend yield of 5.2%, Frontline presents a compelling opportunity among high-yield stocks, particularly in the context of fluctuating oil prices, making it a focal point for investors.
See More
Crude Oil Prices Surge Amid Middle East Tensions
- Oil Price Surge: Brent crude for June delivery rose 1.5% to $105.56 per barrel, with March prices soaring over 60%, marking the largest monthly rally since 1988, indicating market sensitivity to Middle Eastern tensions.
- Strong U.S. Crude Performance: U.S. crude for May also increased by 1.5% to $102.92 per barrel, with a 51% rise in March, representing the best performance since May 2020, reflecting concerns over supply disruptions.
- Escalating Geopolitical Risks: Iranian drones targeted fuel tanks at Kuwait International Airport, causing a massive fire and exacerbating global economic fears over reliance on Middle Eastern oil, especially with shipments through the Strait of Hormuz nearly halted.
- Trump's Withdrawal Statement: Trump indicated that U.S. forces are expected to leave Iran in two to three weeks, dismissing the need for a negotiated deal to end the conflict, which could lead to further oil price volatility and impact global market stability.
See More
Trump Signs Executive Order Amid Iran Conflict Hopes
- Market Rally: Wall Street experienced a significant rally on Tuesday due to renewed optimism regarding a potential resolution to the U.S.-Iran conflict, with all three major indexes posting their best day since May; the Dow surged over 1,100 points, the S&P 500 rose 2.91% to 6,528.52, and the Nasdaq Composite climbed 3.83% to 21,590.63, indicating strong investor sentiment.
- Trump's Upcoming Address: The White House announced that President Trump will deliver an important address regarding Iran on Wednesday at 9 p.m. ET, which is expected to further influence market sentiment, especially as he indicated that U.S. military forces might leave Iran in “two to three weeks,” potentially sustaining the current optimism.
- Oil Price Fluctuations: Brent crude prices remained elevated following Iran's attack on a Kuwaiti oil tanker near Dubai, with partial closures of the Strait of Hormuz impacting global supply chains, particularly in the oil sector, highlighting the ongoing geopolitical risks affecting energy markets.
- Tech Stock Movements: OpenAI announced it closed a record-breaking funding round, valuing the company at $852 billion with $122 billion in committed capital, reflecting strong investor interest in the AI sector, while Oracle began layoffs in response to plummeting stock prices, illustrating the uncertainty within the tech industry amid current market conditions.
See More
