• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 8 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 8 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 23 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 1 day Nord Stream - US/German consultations
  • 3 days An Indian Opinion on What is Going on in China
  • 3 days Can Technology Keep Coal Plants Alive and Well?
  • 5 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 11 hours Forecasts for Natural Gas
  • 20 hours Australia sues Neoen for lack of power from its Tesla battery
  • 3 days Storage of gas cylinders
  • 4 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Editorial Dept

Editorial Dept

More Info

The Oil Major That Fell Behind

Friday August 3, 2018

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Exxon no longer the leader of the pack

(Click to enlarge)

• ExxonMobil (NYSE: XOM) once traded at a significant premium to its peers, but it has lost much of that premium over the past year. In fact, Exxon has lagged behind the oil top oil majors since the August 2017.
• Exxon’s share price – just above $80 per share – is essentially unchanged from a year ago, despite the significant increase in oil prices. In the second quarter, Exxon’s profits rose by 18 percent year-on-year, but oil prices were up 50 percent. Exxon’s peers posted profits that were double or even triple in some cases.
• Exxon’s latest earnings report offered more reasons for worry. Overall production fell by 7 percent in the second quarter compared to a year earlier, a rather shocking figure. Management blamed maintenance, but the supermajor’s production fell to its lowest level in more than two decades.
• Unlike some of its peers, Exxon now has to significantly increase spending in order to halt sliding production, a course of action that has fallen out of favor with Wall Street.
• Exxon’s…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News