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Did ExxonMobil’s (XOM) 2076 Floating‑Rate Notes Just Quietly Redefine Its Long‑Term Funding Playbook?
Simply Wall St.6h agoneutral
Did ExxonMobil’s (XOM) 2076 Floating‑Rate Notes Just Quietly Redefine Its Long‑Term Funding Playbook?

Earlier this week, ExxonMobil Holdings Corporation completed a US$185.883 million fixed‑income offering of senior unsecured floating rate notes due September 25, 2076, featuring attached guarantees and callable, variable‑coupon terms. This ultra‑long‑dated, floating‑rate issuance adds a flexible funding source that can help match ExxonMobil’s long‑lived upstream and LNG growth ambitions with equally long‑term capital. We’ll now look at how this added long‑term funding, alongside record...

Stocks Pressured by Rising Crude Prices
Barchart8h agoneutral
Stocks Pressured by Rising Crude Prices

The S&P 500 Index ($SPX ) (SPY ) is down by -0.36% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.55%. December E-mini S&P futures (ESZ26 ) are down -0.36%, and December E-mini...

Caterpillar or Exxon: Which Dividend Has More Room to Grow?
24/7 Wall St.9h agoneutral
Caterpillar or Exxon: Which Dividend Has More Room to Grow?

Caterpillar just hit $20 billion in quarterly sales for the first time ever, while Exxon pumped out $23.6 billion in operating cash flow. Both companies raised their dividends, but their very different balance sheets tell a story about which payout has genuine room to run.

Shale Tycoon Claims Exxon CEO ‘Betrayed’ Him in $60 Billion Deal
Bloomberg9h agoneutral
Shale Tycoon Claims Exxon CEO ‘Betrayed’ Him in $60 Billion Deal

Scott Sheffield, one of the earliest architects of the US shale oil boom, said he was “betrayed” by ExxonMobil Holdings Corp. after Chief Executive Officer Darren Woods failed to support him in a dispute with the Federal Trade Commission despite a promise to do so.

Lincoln Property to repurpose north Houston eyesore Greenspoint Mall into industrial park
The Real Deal1d agoneutral
Lincoln Property to repurpose north Houston eyesore Greenspoint Mall into industrial park

Kevin Wyatt, executive vice president at Lincoln Property Company, with 555 Seminar Drive in Houston (Getty, Lincoln Property Company, Google Maps)Lincoln Property Company is stepping up to redevelop the Houston-area Greenspoint Mall at 555 Seminar Drive. Dallas-based Lincoln snapped up all the parcels that make up the 80-acre mall property and plans to redevelop the site into a 1.2 million-square-foot industrial development. The $150 million development will be dubbed CityNorth Industrial Park,

If Hormuz Stays Shut, How High Can Exxon Go?
24/7 Wall St.1d agoneutral
If Hormuz Stays Shut, How High Can Exxon Go?

The Strait of Hormuz is closer to closed than open, yet crude just fell and Exxon barely stirred. Understanding that contradiction reveals exactly how much upside the market is leaving on the table.

ExxonMobil (XOM) Delivers Record Oil Output And Revenue On Lower Spending
Simply Wall St.1d agoneutral
ExxonMobil (XOM) Delivers Record Oil Output And Revenue On Lower Spending

ExxonMobil Holdings (NYSE:XOM) recently reported record oil output and revenue achieved while keeping capital spending at lower levels. Management highlighted higher production from high-return assets such as the Permian Basin as a key driver of these records. The group indicated that technology and efficiency gains allowed it to sustain operations despite geopolitical risks affecting Middle East supply routes. This record oil production and revenue on tighter capital spending, helped by...