Fortunately for consumers, oil production has been growing at an even faster rate. Exxon Mobil stock posted strong gains during the mid-decade bull market, underpinned by rapid industrialization in China and other BRIC nations. Industrial and transportation sector account for 25% and 70% of the total oil consumption in the U.S., as we highlight in our dashboard, Transportation demand is likely to remain soft as many companies are shifting towards the new remote-working culture - a trend that has benefited all. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price. "We continue to believe a strategy of investing counter to the broader industry investment cycle is reloading growth opportunities at advantaged costs and unlike most peers, creates capacity for ratable dividend growth," Leggate said. Exxon Mobil stock in particular is down 47% year-to-date, and nearly 70% since its 2014 peak.

Earlier this year, the company announced a major natural gas discovery off the coast of South Africa. provided as-is and does not represent personalized investment advice. You can thank Donald Trump. In 2019, Exxon Mobil produced 2,386 MBD of crude oil and natural gas liquids with a fairly equal contribution of 30% from both Asia and the U.S. We believe XOM will move in tandem with oil prices in 2019. See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams, Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you. The rally stalled in the mid-$80s in 2007, yielding two failed breakout attempts, followed by a vertical decline during the 2008 economic collapse. (Photo by Scott Olson/Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, forecasting US COVID-19 cases with cross-country comparisons, -28% Coronavirus crash vs. 4 Historic crashes. It failed the breakout in October, setting off a persistent downtrend that held in the mid-$60s in 2015.

Exxon Mobil is passing that test with flying colors. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved.

Investors may trade in the Pre-Market (4:00-9:30 a.m. A hefty 5.60% forward dividend yield has failed to attract buying interest, with the company frustrating Wall Street analysts with a belt-tightening program to build cash flows during the longest expansion in U.S. history. All rights reserved. Cowen also downgraded this stock in a Monday morning note, highlighting growing sector headwinds that have dropped the Dow Jones Industrial Average's only two energy plays to the bottom of the component performance list. Top 3 Best Cyclical Stocks to Own (2019 Review). The Great Recession was a sharp decline in economic activity during the late 2000s and was the largest economic downturn since the Great Depression.