After Hours Most Active for Nov 22, 2024 : FLEX, AZTA, NVDA, WPM, AAPL, SMCI, T, EVTR, HL, XOM, TOST, JBLU
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
0mins
Should l Buy XOM?
Source: NASDAQ.COM
NASDAQ 100 After Hours Performance: The NASDAQ 100 is up 5.61 points to 20,781.84 with a total after-hours volume of 134,493,782 shares traded, featuring active stocks like Flex Ltd., NVIDIA Corporation, and Apple Inc., all maintaining or improving their mean recommendations in the "buy range".
Stock Highlights: Notable movements include Flex Ltd. down slightly, NVIDIA Corporation showing positive earnings revisions, and Apple Inc. experiencing an increase in its stock price, while other companies like AT&T and Exxon Mobil remained unchanged in after-hours trading.
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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: 158.160
Low
114.00
Averages
132.17
High
158.00
Current: 158.160
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.
Exxon Mobil's New Floating Facility in Guyana Nears Completion
- Facility Nearing Completion: Exxon Mobil's floating production, storage, and offloading platform, Errea Wittu, is almost complete and expected to depart from Singapore soon, indicating the company's ongoing expansion and investment in the region.
- Production Capacity Target: The platform will support the Uaru offshore project, with a production capacity of up to 250,000 barrels per day, further solidifying Exxon Mobil's leadership position in the global energy market and addressing rising energy demands.
- Future Project Plans: Following the Uaru project, Exxon Mobil is on track to start the Whiptail project by the end of 2027 and is accelerating the startup of the Hammerhead project for 2028, demonstrating strong confidence in future growth.
- Greece Exploration Plans: A joint venture between Exxon Mobil, Energean, and Helleniq Energy has notified Greece of plans for the first offshore exploration drilling in 40 years in a western block, indicating the company's proactive approach to seeking new resource development opportunities globally.
See More
Trump Administration Issues 30-Day Sanctions Waiver on Iranian Oil
- Sanctions Waiver: The Trump administration has issued a 30-day sanctions waiver on Iranian oil, expected to inject approximately 140 million barrels into the global market to counter soaring energy costs, with prices exceeding $100 per barrel due to the U.S.-Israeli conflict.
- Strategic Intent: Treasury Secretary Scott Bessent characterized this maneuver as a strategic pivot aimed at utilizing existing Iranian supplies as a buffer to protect U.S. consumers and businesses ahead of the high-stakes November midterm elections.
- Beneficiaries in Asia: The waiver specifically targets oil already loaded on vessels, primarily benefiting Asian refiners in China, India, and South Korea, with Energy Secretary Chris Wright noting that new supplies could reach Asian processing hubs within days, providing a near-term cooling effect on the market.
- Frequent Policy Adjustments: This marks the third easing of restrictions on adversarial energy exports in two weeks, highlighting the severity of the current supply crunch exacerbated by the effective closure of the Strait of Hormuz, forcing the administration into rapid policy adjustments to navigate the energy crisis.
See More
Cuba Faces Widespread Power Outage Amid Crisis
- Power Crisis Intensifies: On March 16, 2026, Cuba experienced a widespread power outage confirmed by the national electricity company, highlighting the severe economic crisis exacerbated by the U.S. energy blockade, which could lead to social unrest and public dissatisfaction.
- Energy Supply Constraints: The U.S. government has cut off Cuba's oil supply and threatened a 'friendly takeover,' pushing the Cuban economy to the brink of collapse, further worsening energy shortages and rising living costs, impacting citizens' basic livelihoods.
- Tense Historical Relations: The adversarial relationship between Cuba and the U.S. has persisted for over 50 years, with the Cuban government implementing various measures in response to U.S. economic sanctions since the 1959 revolution; however, the current deterioration may further strain diplomatic relations and hinder future progress.
- Uncertain Future: Although there was hope for the restoration of diplomatic ties, the tightening of U.S. policies in recent years has stalled Cuba's reform process, leaving the future of bilateral relations fraught with uncertainty, which could affect regional stability.
See More
Iran Allows Japanese Vessels to Transit Hormuz Strait Amid Energy Security Concerns
- Energy Security Relief: Iranian Foreign Minister Abbas Araghchi announced that Iran is prepared to allow Japanese vessels to transit the Strait of Hormuz, providing a critical reprieve for Asian energy security amid a turbulent global oil market due to regional conflicts.
- Japan's Crude Dependency: The potential for safe passage comes at a crucial time for Tokyo, which has recently tapped its strategic petroleum reserves to stabilize domestic prices, highlighting Japan's deep reliance on Middle Eastern crude.
- Delicate Diplomatic Situation: Japanese Prime Minister Sanae Takaichi faces mounting pressure from President Trump to balance Allied demands with domestic legal constraints, pledging to increase U.S. shale imports and enhance missile defense cooperation during a recent summit.
- Cautious Optimism Among Investors: Araghchi's comments suggest a pathway for Japanese-flagged ships, although broader security issues in the Hormuz Strait remain a significant friction point in the U.S.-Japan alliance, making Tokyo's diplomatic maneuvering crucial for global energy volatility in the coming weeks.
See More
Iranian Attacks Cut Qatar's LNG Export Capacity by 17%
- Export Capacity Impacted: Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, leading to an estimated $20 billion in lost annual revenue, which not only affects Qatar's economy but also threatens energy supplies to Europe and Asia.
- Strong Market Reaction: AleAnna (ANNA) shares surged nearly 87% at Friday's close, reflecting investor interest in the company amid the natural gas supply shortage, indicating a sharp increase in demand for ANNA in the current geopolitical climate.
- Retail Sentiment Extremely Bullish: Retail sentiment around ANNA stock trended in ‘extremely bullish’ territory with very high message volume, as investors widely predict the stock could reach levels of $12 to $15, showcasing expectations of future natural gas shortages.
- Long Repair Timeline: QatarEnergy's CEO stated that the damage will sideline 12.8 million tons per year of LNG for three to five years, further exacerbating the tension in the global energy market.
See More
Average Tax Refunds Rise 10.8% Amid Economic Concerns
- Increase in Refund Amounts: As of March 13, the average tax refund for individual filers reached $3,623, marking a 10.8% increase from last year's $3,271, indicating that many households are benefiting despite economic pressures.
- Filing Season Activity: The IRS has received approximately 69.7 million individual returns so far, with expectations to reach 164 million by the April 15 deadline, reflecting robust filing activity that may influence future fiscal policies.
- Impact of Rising Gas Prices: The national average gasoline price surged to $3.91 per gallon, up from $2.93 a month ago, with economists warning that this could offset some of the economic relief provided by tax refunds, particularly affecting low-income families.
- Policy Context: The Trump administration claims this will be the
See More
Exxon Mobil's New Floating Facility in Guyana Nears Completion
- Facility Nearing Completion: Exxon Mobil's floating production, storage, and offloading platform, Errea Wittu, is almost complete and expected to depart from Singapore soon, indicating the company's ongoing expansion and investment in the region.
- Production Capacity Target: The platform will support the Uaru offshore project, with a production capacity of up to 250,000 barrels per day, further solidifying Exxon Mobil's leadership position in the global energy market and addressing rising energy demands.
- Future Project Plans: Following the Uaru project, Exxon Mobil is on track to start the Whiptail project by the end of 2027 and is accelerating the startup of the Hammerhead project for 2028, demonstrating strong confidence in future growth.
- Greece Exploration Plans: A joint venture between Exxon Mobil, Energean, and Helleniq Energy has notified Greece of plans for the first offshore exploration drilling in 40 years in a western block, indicating the company's proactive approach to seeking new resource development opportunities globally.
See More
Trump Administration Issues 30-Day Sanctions Waiver on Iranian Oil
- Sanctions Waiver: The Trump administration has issued a 30-day sanctions waiver on Iranian oil, expected to inject approximately 140 million barrels into the global market to counter soaring energy costs, with prices exceeding $100 per barrel due to the U.S.-Israeli conflict.
- Strategic Intent: Treasury Secretary Scott Bessent characterized this maneuver as a strategic pivot aimed at utilizing existing Iranian supplies as a buffer to protect U.S. consumers and businesses ahead of the high-stakes November midterm elections.
- Beneficiaries in Asia: The waiver specifically targets oil already loaded on vessels, primarily benefiting Asian refiners in China, India, and South Korea, with Energy Secretary Chris Wright noting that new supplies could reach Asian processing hubs within days, providing a near-term cooling effect on the market.
- Frequent Policy Adjustments: This marks the third easing of restrictions on adversarial energy exports in two weeks, highlighting the severity of the current supply crunch exacerbated by the effective closure of the Strait of Hormuz, forcing the administration into rapid policy adjustments to navigate the energy crisis.
See More
Cuba Faces Widespread Power Outage Amid Crisis
- Power Crisis Intensifies: On March 16, 2026, Cuba experienced a widespread power outage confirmed by the national electricity company, highlighting the severe economic crisis exacerbated by the U.S. energy blockade, which could lead to social unrest and public dissatisfaction.
- Energy Supply Constraints: The U.S. government has cut off Cuba's oil supply and threatened a 'friendly takeover,' pushing the Cuban economy to the brink of collapse, further worsening energy shortages and rising living costs, impacting citizens' basic livelihoods.
- Tense Historical Relations: The adversarial relationship between Cuba and the U.S. has persisted for over 50 years, with the Cuban government implementing various measures in response to U.S. economic sanctions since the 1959 revolution; however, the current deterioration may further strain diplomatic relations and hinder future progress.
- Uncertain Future: Although there was hope for the restoration of diplomatic ties, the tightening of U.S. policies in recent years has stalled Cuba's reform process, leaving the future of bilateral relations fraught with uncertainty, which could affect regional stability.
See More
Iran Allows Japanese Vessels to Transit Hormuz Strait Amid Energy Security Concerns
- Energy Security Relief: Iranian Foreign Minister Abbas Araghchi announced that Iran is prepared to allow Japanese vessels to transit the Strait of Hormuz, providing a critical reprieve for Asian energy security amid a turbulent global oil market due to regional conflicts.
- Japan's Crude Dependency: The potential for safe passage comes at a crucial time for Tokyo, which has recently tapped its strategic petroleum reserves to stabilize domestic prices, highlighting Japan's deep reliance on Middle Eastern crude.
- Delicate Diplomatic Situation: Japanese Prime Minister Sanae Takaichi faces mounting pressure from President Trump to balance Allied demands with domestic legal constraints, pledging to increase U.S. shale imports and enhance missile defense cooperation during a recent summit.
- Cautious Optimism Among Investors: Araghchi's comments suggest a pathway for Japanese-flagged ships, although broader security issues in the Hormuz Strait remain a significant friction point in the U.S.-Japan alliance, making Tokyo's diplomatic maneuvering crucial for global energy volatility in the coming weeks.
See More
Iranian Attacks Cut Qatar's LNG Export Capacity by 17%
- Export Capacity Impacted: Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, leading to an estimated $20 billion in lost annual revenue, which not only affects Qatar's economy but also threatens energy supplies to Europe and Asia.
- Strong Market Reaction: AleAnna (ANNA) shares surged nearly 87% at Friday's close, reflecting investor interest in the company amid the natural gas supply shortage, indicating a sharp increase in demand for ANNA in the current geopolitical climate.
- Retail Sentiment Extremely Bullish: Retail sentiment around ANNA stock trended in ‘extremely bullish’ territory with very high message volume, as investors widely predict the stock could reach levels of $12 to $15, showcasing expectations of future natural gas shortages.
- Long Repair Timeline: QatarEnergy's CEO stated that the damage will sideline 12.8 million tons per year of LNG for three to five years, further exacerbating the tension in the global energy market.
See More
Average Tax Refunds Rise 10.8% Amid Economic Concerns
- Increase in Refund Amounts: As of March 13, the average tax refund for individual filers reached $3,623, marking a 10.8% increase from last year's $3,271, indicating that many households are benefiting despite economic pressures.
- Filing Season Activity: The IRS has received approximately 69.7 million individual returns so far, with expectations to reach 164 million by the April 15 deadline, reflecting robust filing activity that may influence future fiscal policies.
- Impact of Rising Gas Prices: The national average gasoline price surged to $3.91 per gallon, up from $2.93 a month ago, with economists warning that this could offset some of the economic relief provided by tax refunds, particularly affecting low-income families.
- Policy Context: The Trump administration claims this will be the
See More
