에 대한 최신 뉴스 Exxon Mobil (NYSE:XOM) 주식

Exxon Mobil

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

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예상보다 낮은 미국 재고로 인해 시장 우려가 촉발되면서 서부 텍사스 중질유(WTI)는 목요일 배럴당 0.3% 상승한 81달러를 넘어, 4월 말 이후 최고치와 3일 연속 상승세를 기록했다. 어떤 일이 (What Happened): 미국 에너지 관리청(EIA)의 석유 현황 보고서에 따르면 6월 14일까지 한 주 동안 미국의 상업용 원유 재고는 254만 7,000배럴 감소해 시장 예상치인 200만 배럴 감소를 넘어섰다.

예상보다 큰 폭의 원유 재고 감소에 유가 7주 만에 최고치 기록: 에너지 ETF, 주식 상승

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미국 주식시장은 경제 모멘텀 둔화가 미국 기업들의 실적 전망에 영향을 미칠 수 있다는 투자자들의 우려로 이번 주에 5주 연속 상승세를 마감했다. 미국 경제는 1분기에 연율 1.3% 성장해 이전 추정치 1.6%보다 하향 조정되었다.

이번 주 시장 동향: 월가 5주 연속 상승 마감, 경제 성장 속도 감소, 트럼프의 유죄 평결 등

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거대 반도체 기업인 엔비디아(NASDAQ:NVDA)은 화요일에 사상 최고치를 경신했으며, 일론 머스크가 엔비디아 제품을 사용하여 슈퍼컴퓨터를 구축할 수 있다는 소식이 퍼지면서 투자자들의 낙관론이 더욱 강해질 수 있다는 전망이 제기되 있다.

엔비디아는 테슬라, 엑슨, 월마트, 코스트코, 넷플릭스, 인텔, 디즈니 및 펩시를 합친 가치를 초월

Exxon Mobil Corp

XOMA Corp

XOMA Corporation - Depositary Shares Rep Series B 8.375% Cumulative Preferred Stock

XOMA Corporation - 8.625% Series A Cumulative Perpetual Preferred Stock

Tidal ETF Trust II YieldMax XOM Option Income Strategy ETF

Analyst Ratings

Live On CNBC, Jenny Harrington Announces Sold Exxon Mobil

Investors with a lot of money to spend have taken a bullish stance on Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with XOM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Exxon Mobil.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $102,035, and 6 are calls, for a total amount of $311,848.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $120.0 for Exxon Mobil over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Exxon Mobil's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Exxon Mobil's whale activity within a strike price range from $95.0 to $120.0 in the last 30 days. 
<h3>Exxon Mobil Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720190945_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$0.56</td>
<td>$0.53</td>
<td>$0.56</td>
<td>$115.00</td>
<td>$128.8K</td>
<td>1.3K</td>
<td style="text-align: right;">778</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$22.65</td>
<td>$22.2</td>
<td>$22.2</td>
<td>$95.00</td>
<td>$57.7K</td>
<td>45</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.5</td>
<td>$9.35</td>
<td>$9.35</td>
<td>$120.00</td>
<td>$57.0K</td>
<td>8.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.54</td>
<td>$2.2</td>
<td>$2.25</td>
<td>$110.00</td>
<td>$45.0K</td>
<td>5.0K</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.8</td>
<td>$9.35</td>
<td>$9.39</td>
<td>$115.00</td>
<td>$37.7K</td>
<td>3.8K</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About Exxon Mobil</h3>
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Having examined the options trading patterns of Exxon Mobil, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Exxon Mobil Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,507,376, with XOM's price down by -1.43%, positioned at $113.12.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 21 days.</li>
</ul>
<h3>Professional Analyst Ratings for Exxon Mobil</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $139.0.
<ul>
<li>Reflecting concerns, an analyst from Truist Securities lowers its rating to Hold with a new price target of $124.</li>
<li>An analyst from UBS has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $154. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Exxon Mobil options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Exxon Mobil's Options Frenzy: What You Need to Know

The final member has been appointed to a three-person arbitration panel tasked with resolving the Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) dispute over Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&#8217;s $53 billion acquisition of Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>).
Each side appoints one arbitrator, and those two then jointly select the third member to complete the three-person panel, reported Reuters.
The report cited one of the people familiar with the matter stating, &#8220;The appointment of the full arbitration panel is now being completed. We expect to learn more about the (proceedings) schedule in the coming weeks.&#8221;
Related: <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume" target="_blank" rel="noreferrer noopener">Chuck Schumer Says Trump Might Be &#8216;Hosting Dinners For Big Oil Execs&#8217; But FTC Should Side With Consumers On $53B Chevron-Hess Merger</a>
The formation of the panel marks a significant step in a protracted process that has created uncertainty around the mega-merger. Chevron and Hess merger was earlier anticipated to close in<a target="_blank" href="https://www.benzinga.com/news/24/05/38895327/is-chevrons-53b-acquisition-of-hess-in-jeopardy" rel="noreferrer noopener"> the first half of 2024</a>.
Notably, Exxon initiated an arbitration claim with the International Chamber of Commerce (ICC) in March, claiming it holds a right of first refusal on Hess&#8217;s assets in Guyana.
Exxon manages all oil production in Guyana, one of the world&#8217;s largest recent oil discoveries, in partnership with Hess and China&#8217;s CNOOC.
Exxon claims that Chevron&#8217;s acquisition of Hess is an attempt to bypass its right of first refusal for the valuable Guyana asset.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39479711/exxon-mobil-rakes-in-billions-from-guyana-oil-deal-net-margin-tops-chip-giant-report" rel="noreferrer noopener">Exxon Mobil Rakes In Billions from Guyana Oil Deal, Net Margin Tops Chip Giant: Report</a>
Chevron and Hess argue that this right does not apply because of the merger&#8217;s structure and the wording of the Guyana partnership agreement.
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S.&nbsp;Energy&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: XOM shares are up 0.18% at&nbsp;$114.38 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/06/39496437/exxon-ex-execs-new-firm-to-partner-on-guyanas-next-gas-project-report" target="_blank" rel="noreferrer noopener">Exxon Ex-Exec&#8217;s New Firm To Partner On Guyana&#8217;s Next Gas Project: Report</a></li>
</ul>

Media

iShares Dow Jones US Energy Sector Index Fund

Dispute Over $53B Chevron-Hess Merger Heats Up, Arbitration Panel Nears Formation: Report

Over the past three months, ConocoPhillips (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cop#NYSE">COP</a>) has experienced a 12.6% fall, underperforming the industry&#39;s 3.9% decline.
Recent investor concerns primarily stem from the premium ConocoPhillips is set to pay for acquiring Marathon Oil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mro#NYSE">MRO</a>) and the expected increase in debt due to this transaction.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ff/70057.jpg?v=2101189904" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h3>MRO Deal Seems Expensive at First Glance: Cause for Concern?</h3>
On May 29, ConocoPhillips finalized an agreement to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, which also incorporates $5.4 billion in net debt. According to the terms, Marathon shareholders will receive 0.2550 shares of ConocoPhillips for each of their shares, marking a 14.7% premium over Marathon Oil&#39;s previous day&#39;s closing price.&nbsp;
Despite investor concerns regarding the premium ConocoPhillips is offering and the accompanying debt it will incur, the company&#39;s long-term outlook appears promising, buoyed by its history of acquiring low-cost assets. ConocoPhillips has consistently emphasized its focus on targeting acquisitions that align with the long-term goal of creating stockholder wealth.
Notably, the recent agreement to acquire Marathon Oil, anticipated to close in the fourth quarter of this year, will broaden ConocoPhillips&#39; key Lower 48 portfolio. This acquisition will enable COP to expand its presence in prolific, low-cost U.S. basins such as Eagle Ford, Bakken, Delaware and Permian, adding more than 2 billion barrels of resources. In addition to realizing cost synergies and generating shareholder value, ConocoPhillips, a leading upstream energy company, anticipates this transaction to be immediately accretive to its earnings and cash flows.
Ultimately, while the premium and debt might initially make the deal appear expensive, the strategic alignment, resource additions and anticipated accretive effects could justify the cost.
<h3>Robust Financial Health Offers a Safety Net</h3>
Similar to the Marathon Oil deal, previous acquisitions of Concho Resources and Shell plc&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>) Permian assets have increased ConocoPhillips&#39; debt. However, most analysts believe that COP will maintain a stronger balance sheet compared with industry peers, thanks to its substantial size and robust earnings.
As evident in the snapshot, COP&#39;s total debt-to-capitalization ratio of 27.2% is lower than 30.7% of the industry&#39;s composite stocks. The company&#39;s debt-to-capitalization ratio has consistently been lower than the composite stocks over the past few years. Thus, the robust financial position will aid the leading oil producer in combating periods of low crude prices.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/35/70090.jpg?v=342424112" style="border-style:solid; border-width:1px; height:310px; width:600px" /> 
Image Source: Zacks Investment Research
<h3>Time to Keep an Eye on the Stock</h3>
Despite recent positive developments, investors should factor in ConocoPhillips&#39; heightened vulnerability to oil price volatility, given its exclusive focus on exploration and production activities. While a strong balance sheet can provide a buffer during downturns in the energy sector, the Zacks Rank #3 (Hold) company could face more pronounced challenges during a cyclical earnings downturn compared with diversified majors like Exxon Mobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) and Shell.
Unlike ConocoPhillips, Shell&#39;s operations encompass Integrated Gas, Marketing, Chemicals &amp; Products, and Renewables &amp; Energy Solutions, providing broader exposure across different businesses. ExxonMobil similarly benefits from diversified revenue streams, including Energy Products, Chemical Products and Specialty Products, in addition to upstream operations.
However, considering ConocoPhillips&#39; strong business model, extensive asset base, strong financial position and lucrative shareholder returns, the company&#39;s long-term outlook seems rosy despite its vulnerability to commodity price volatility.
Nevertheless, investors may want to await a more favorable entry point. This is because, at this moment, shares are somewhat expensive on a relative basis, with the current 5.82X trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization staying above the 5.44X five-year median. Also, the company is trading at a premium to the broader Zacks&nbsp;Oil - Energy&nbsp;sector average of 3.03X.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/51/70081.jpg?v=1176591703" style="border-style:solid; border-width:1px; height:310px; width:600px" /> 
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/stock/news/2296256/conocophillips-cop-stock-falls-12-6-in-3-months-hold-or-fold?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2296256">To read this article on Zacks.com click here.</a>

Earnings

SHEL

ConocoPhillips Stock Falls 12.6% in 3 Months: Hold or Fold?

California Resources Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crc#NYSE">CRC</a>) has concluded its $1.13 billion all-stock merger, announced in February 2024, with Aera Energy, LLC. The total valuation of the deal is $2.1 billion, including debt.In a special meeting held on Jun 26, 2024, CRC shareholders authorized the issuance of stocks needed to close the merger deal. As part of the agreement, the entities owning Aera Energy have received 21.3 million shares of common stock of CRC. The total value of $1.13 billion was based on the closing price of the CRC stock on Jun 28.
Aera Energy is a joint venture (JV) between Shell (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>) and ExxonMobil&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) that was later sold to IKAV, a German asset manager in February 2023 for $4 billion. Following this acquisition, the Canada Pension Plan Investment Board (&quot;CPP&quot;) purchased a 49% stake in the JV. Additionally, Oaktree Capital Management, LP holds equity in Aera Energy.
During April and May 2024, the pro forma net daily production of CRC and Aera averaged 146 thousand barrels of oil equivalent per day (Mboe/d), with 79% of this production being oil. For the second half of the year, the combined company projects capital expenditure between $170 million and $210 million, and net daily production in the range of 140-146 Mboe/d.
CRC&#39;s management is confident in the combined company&#39;s ability to achieve $150 million in annual synergies within 15 months of the deal&#39;s closure. The deal is also expected to boost free cash flows and create long-term value for the shareholders. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Along with the closure of the transaction, CRC has increased its borrowing base from $1.2 to $1.5 billion. The company has also increased the aggregate commitment amount under its Revolving Credit Facility from $630 million to $1.1 billion.
The combined company will be run by the current executive board of California Resources, with Bobby Saadati, CEO of IKAV Energy Inc., and James Jackson, managing director, Sustainable Energies at Canada Pension Plan Investment Board, as part of the board of directors.
<h3>Zacks Rank and Key Picks</h3>
Currently, CRC carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;Sunoco LP, SM Energy&nbsp;and Hess Midstream Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hesm#NYSE">HESM</a>). Sunoco presently sports a Zacks Rank #1 (Strong Buy), while SM Energy and Hess Midstream carry a Zacks Rank #2 (Buy) each.
Sunoco LP is one of the largest distributors of motor fuel in the United States. The partnership distributes fuel to independent dealers, commercial customers, convenience stores as well as distributors. Its current distribution yield is greater than the composite stocks in the industry, providing unitholders with consistent returns.
SM Energy is an upstream energy firm operating in the prolific Midland Basin and the South Texas regions. For 2024, the company expects its production to increase from the prior-year reported figure, signaling a bright production outlook.
Hess Midstream owns, operates, develops and acquires a wide range of midstream assets, providing services to Hess Corporation and other third-party customers. The partnership has a stable fee-based revenue model secured via long-term commercial contracts. Since Hess Midstream operates through 100% fee-based contracts, it is exposed to minimal commodity price risks.
<a href="https://www.zacks.com/stock/news/2296136/california-resources-crc-concludes-merger-with-aera-energy?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2296136">To read this article on Zacks.com click here.</a>

Events

HESM

California Resources Concludes Merger With Aera Energy

<a href="https://www.reuters.com/business/energy/oil-majors-show-interest-galps-namibia-oil-prospect-sources-say-2024-07-02/" title="https://www.reuters.com/business/energy/oil-majors-show-interest-galps-namibia-oil-prospect-sources-say-2024-07-02/">https://www.reuters.com/business/energy/oil-majors-show-interest-galps-namibia-oil-prospect-sources-say-2024-07-02/</a>

GLPEY

Over 12 Oil Companies, Including Exxon, Shell, And Brazil's Petrobras, Express Interest In Buying 40% Stake In Galp Energia's Major Offshore Namibia Oil Discovery; Estimated To Hold 10B Barrels Of Oil And Gas, Valued At Over $10B

Over the past five days, the S&amp;P 500 index dipped by 0.17%. The technology sector, represented by the SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), <a href="https://www.benzinga.com/quote/XLE/news">declined by 2.23%</a>.
In stark contrast, the energy sector — tracked by the SPDR Select Sector Fund &#8211; Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) — surged by 2.20%.
This divergence highlights the energy sector as a bright spot worth watching. Here are five energy stocks that have stood out with their recent performance:
<ol>
<li>Baker Hughes Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) Baker Hughes soared by 7.25%, reflecting strong momentum and solid positioning within the energy market. The company's focus on advanced technology and services for oil and gas exploration makes it a vital player in the industry.</li>
<li>Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) Exxon Mobil climbed 4.60%, demonstrating its resilience and dominance as a key player in the energy sector. As one of the largest publicly traded energy providers, Exxon Mobil&#8217;s extensive operations span the globe, ensuring its pivotal role in meeting global energy demands.</li>
<li>Diamondback Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) Diamondback Energy rose by 4.28%, showcasing its potential for continued growth amidst favorable market conditions. This independent oil and natural gas company focuses on the acquisition, development, and exploration of unconventional onshore oil and natural gas reserves, primarily in the Permian Basin.</li>
<li>Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) Marathon Oil increased by 4.28%, highlighting investor confidence and its strategic importance in the energy landscape. With a strong portfolio of assets in the United States and internationally, Marathon Oil&#8217;s efficient operations and strategic investments drive its competitive edge.</li>
<li>EOG Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) EOG Resources added 4.25%, indicating robust performance and strong investor interest in its growth prospects. Known for its disciplined capital allocation and focus on high-return projects, EOG Resources has established itself as a leader in crude oil and natural gas exploration and production.</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/06/39496437/exxon-ex-execs-new-firm-to-partner-on-guyanas-next-gas-project-report">Exxon Ex-Exec&#8217;s New Firm To Partner On Guyana&#8217;s Next Gas Project: Report</a>
As the tech sector undergoes corrections, the energy sector's rise offers a compelling alternative. Keeping an eye on these energy stocks could provide strategic opportunities for savvy investors looking to capitalize on the current market dynamics.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/partner/commodities/24/06/39522399/1-8-trillion-investment-in-clean-energy-in-2023-highlights-importance-of-critical-materials">$1.8 Trillion Investment In Clean Energy In 2023 Highlights Importance Of Critical Materials</a></li>
</ul>

Long Ideas

FANG

While The Tech Sector Corrects, Energy Quietly Rises:  5 Stocks For Your Watch List

The numbers are in, and they do all the talking. 
The U.S. is producing more oil than any country in history. The country&#8217;s output averaged 12.9 million barrels per day in 2023, smashing the previous record of 12.3 million barrels per day in 2019.
America's oil production is growing so fast, the International Energy Agency says it will cause a production glut that humanity has only seen once before: during the spring of 2020, when oil demand crashed during COVID lockdowns.
You may remember what happened next. After selling off initially, oil and gas stocks went on to be the top performers on the S&amp;P 500 in 2022.
Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), APA Corp (US) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) and Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) took the top four spots on the S&amp;P 500 that year, up 80.4%, 75.2%, 73.3% and 72.4%, respectively.
Now history is about to repeat itself as America's shale boom makes OPEC irrelevant. Here are three ways to play America's new energy dominance.
Shale Boom Play #1: Kinder Morgan
Kinder Morgan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is the biggest independent transporter of refined oil and gas in the U.S. It also has an interest in more than 15% of U.S. natural gas capacity.
Not only does it own 10,000 miles of refined and raw crude pipelines, Kinder Morgan also owns 71,000 total miles of pipelines to make up the largest transmission network of natural gas in America.
The shale oil boom simply isn't possible without Kinder Morgan&#8217;s infrastructure, and this dynamic allows the company to collect a "toll" on all of the oil and natural gas that passes through its vast network.
This source of income allowed Kinder Morgan to grow its earnings by 9.9% last year, almost double the earnings growth of the average S&amp;P 500 company.
It also allows Kinder Morgan to pay investors a yield of 5.6% — and analysts expect 12.5% growth this year for the company.
Then again, analysts have underestimated Kinder Morgan's earnings for each of the last two quarters. As America's shale boom accelerates, the massive demand for Kinder Morgan's network could catch analysts and Wall Street off guard once again.
Shale Boom Play #2: ExxonMobil 
In March, Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) announced plans to build 16 new oil and gas projects through 2026, ramping up drilling operations in Texas, North Dakota and Oklahoma.
Exxon plans to go through with these massive new drilling projects regardless of how oil prices fluctuate through 2026, according to the Dallas Business Journal. 
That's important because these new projects will tap into vast amounts of new oil &#8230; potentially enough to reset the global energy equation.
In particular, Exxon is betting on improved fracking technologies to double the amount of oil it can pump from shale fields.
As CEO Darren Woods put it, "There's just a lot of oil being left in the ground" with current fracking practices.
Don't count on that being the case for much longer. In the meantime, Exxon offers a 3.4%dividend yield that is more than double what the average S&amp;P 500 company pays out.
Shale Boom Play #3: Occidental Petroleum
The world's greatest investor can't get enough of this $54-billion oil and gas company.
Warren Buffett has bought shares of Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) over each of the last nine trading sessions as we write, padding his already hefty stake in the company to 29%.
Berkshire Hathaway now owns over 255 million shares of Occidental Petroleum. Buffett decided to accrue this massive stake after reading an earnings report conference transcript from Occidental CEO Vicki Hollub, who he says is "running the company the right way."
The numbers bear out this assessment. Occidental Petroleum has nearly doubled its dividend, from 13 cents per share in 2022 to 22 cents per share in 2024.
Strikingly, Occidental has been able to ramp up its dividend even amid a historic acquisition spree. In October, it announced a $12-billion purchase of oil producer CrownRock, expanding its presence in the oil-rich Permian Basin.
We see the same potential Warren Buffett does. Occidental Petroleum is well-positioned to play a major role in unlocking America's vast shale reserves, and rewarding shareholders many times over along the way. 
Photo via Shutterstock.

Opinion

3 Stocks To Buy As Oil Prices Collapse, OPEC Panics

CGI (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>), one of the largest IT and business consulting services firms in the world, announces the renewal of its partnership with ExxonMobil for payment and loyalty services across&nbsp;Europe&nbsp;and the&nbsp;Asia Pacific&nbsp;region. CGI will further enhance customization options for ExxonMobil and its customers through its fuel leading card payment solution,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4199566-1&amp;h=3136795292&amp;u=https%3A%2F%2Fwww.cgi.com%2Fen%2Fbrochure%2Fcgi-paypartner360%2Fcgi-paypartner360-oil-and-gas&amp;a=CGI+PayPartner360" target="_blank">CGI PayPartner360</a>. This includes delivering essential payment infrastructure services to over 13,000 fuel retail sites and providing its loyalty solution to engage over 10 million active users.

Government

Regulations

TSX:GIB

ExxonMobil and CGI Expand Collaboration for Advanced Payment Solutions in Europe and Asia

Guyana&#8217;s Ministry of Natural Resources announced that a newly established company, Fulcrum LNG, headed by a former Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) executive, has been reportedly selected to collaborate with the Guyana government and Exxon on creating a new independent natural gas development in the country.
The government announced in a statement that Fulcrum LNG provided &#8220;the most comprehensive and technically sound proposal&#8221; among 17 bidders, reported Reuters.
Jesus Bronchalo, who spent 20 years at Exxon, most recently as a vice president in Guyana, founded Fulcrum LNG in July last year in Nevada.
As per the report, the ministry has engaged Fulcrum LNG and Exxon to commence the project, with preliminary discussions currently underway.
The government of Guyana stated that &#8220;Bronchalo&#8217;s past relationship with Exxon was not seen as presenting a conflict of interest since he had severed all ties with said company.&#8221;
The ministry said, &#8220;As the development of the gas resource is not an immediate priority for the company, our government decided to seek a capable independent third-party operator to either work with ExxonMobil or carry out this activity on its own.&#8221;&nbsp;
As per government data, Guyana&#8217;s lucrative agreement with an Exxon Mobil-led consortium in the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39479711/exxon-mobil-rakes-in-billions-from-guyana-oil-deal-net-margin-tops-chip-giant-report" rel="noreferrer noopener">South American country generated $6.33 billion for the partners</a>.
According to the U.S. Energy Information Administration, the country has an estimated 16 trillion cubic feet of gas off its Caribbean coast.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39485599/exxonmobil-drills-into-ev-future-with-sk-on-lithium-deal" rel="noreferrer noopener">ExxonMobil Drills Into EV Future With SK On Lithium Deal</a>
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S.&nbsp;Energy&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39462337/exxon-mobil-air-liquide-team-up-for-clean-hydrogen-project-details" rel="noreferrer noopener">Exxon Mobil, Air Liquide Team Up For Clean Hydrogen Project: Details</a>
Price Action: XOM shares closed higher by&nbsp;0.28% at&nbsp;$114.37&nbsp;on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Exxon Ex-Exec's New Firm To Partner On Guyana's Next Gas Project: Report

Exxon Mobil Has No Plans To Expand Into Hard Rock Lithium Mining Or Develop Its Own Direct Lithium Extraction Technology; Focuses On Core Competencies In Subsurface Fluids; Considering Lithium Expansion Projects Globally, Says Executive Patrick Howarth

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>)&nbsp;inked a non-binding memorandum of understanding (MOU) with SK On for a multiyear offtake agreement for up to 100,000 metric tons of Mobil Lithium from ExxonMobil&#8217;s initial <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39480871/exxonmobil-and-ev-battery-maker-sk-on-sign-mou-regarding-u-s-produced-mobil-lithium" rel="noreferrer noopener">planned project in Arkansas</a>.
The deal aligns with ExxonMobil&#8217;s goal, announced in late 2023, to supply lithium for about <a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35743279/exxon-mobil-plans-to-start-lithium-production-by-2026-in-arkansas-report" rel="noreferrer noopener">one million EV batteries annually by 2030</a>.
The company says that lithium demand is expected to surge due to its vital role in EVs, electronics, and energy storage.
Dan Ammann, President of ExxonMobil Low Carbon Solutions stated, &#8220;This collaboration with SK On demonstrates the leading role we play in the growing market for domestically sourced lithium, a market that&#8217;s advancing energy security and climate objectives, as well as supporting American manufacturing.&#8221;
ExxonMobil&#8217;s Arkansas project will extract lithium from underground saltwater deposits and produce battery-grade material onsite, aiming for efficient, environmentally friendly production compared to traditional mining methods.
ExxonMobil will produce Mobil Lithium using its expertise in subsurface exploration, drilling, and chemical processing, offering U.S. EV battery makers a secure, lower-carbon lithium source.
Through appraisal drilling and a technology pilot with Direct Lithium Extraction (DLE), ExxonMobil has successfully obtained lithium carbonate from Arkansas&#8217; Smackover formation.
After 2025, SK On&#8217;s annual production capacity in the U.S. is projected to exceed 180 GWh, sufficient to power approximately 1.7 million EVs annually.
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S.&nbsp;Energy&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39479711/exxon-mobil-rakes-in-billions-from-guyana-oil-deal-net-margin-tops-chip-giant-report" rel="noreferrer noopener">Exxon Mobil Rakes In Billions from Guyana Oil Deal, Net Margin Tops Chip Giant: Report</a>
Price Action: XOM shares are down 0.23%&nbsp;at&nbsp;$113.79 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Contracts

ExxonMobil Drills Into EV Future With SK On Lithium Deal

Exxon Says Very Disappointed By Actions Of Limited Number Of Striking Workers, Who Are Continuing To Impede Access To The Gravenchon Site In Port Jérome Sur Seine; If These Blockades Continue, We May Have No Choice But To Suspend Production From The Refinery

The resurgence of jet fuel production to pre-COVID levels in the United States signals a robust recovery in the aviation sector, which has a broader impact on various facets of the economy. This surge is fueled by a booming demand for air travel, with U.S. refiners ramping up production to meet this unprecedented need. Recent data from the U.S. Energy Information Administration and industry analyses paint a promising picture for key players in the oil and energy sector.
<h3>Record-Breaking Jet Fuel Production and Demand</h3>
According to the EIA, U.S. refiners produced approximately 1.9 million barrels per day (bpd) of jet fuel last week. This marks an 8% increase from the prior-year period level and is the highest weekly total since January 2020. The four-week average jet fuel demand reached 1.75 million bpd, the highest for this time of the year since 2019. As summer travel peaks, agencies forecast a record number of passengers at airports, propelling jet fuel consumption above its pre-pandemic peak for the first time. U.S. refiners have added more than 2 million barrels of jet fuel to stockpiles since the beginning of the year.
<h3>3 Stocks to Keep an Eye On</h3>
As refiners ramp up their output to meet soaring demand, several energy companies stand to benefit. To simplify matters for investors, we have handpicked three energy giants, namely Exxon Mobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>), Chevron Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>), and Phillips 66 (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psx#NYSE">PSX</a>). These companies are at the forefront of the industry to meet the increased demand. All three companies carry a Zacks Rank #3 (Hold) at present.
ExxonMobil, a leading integrated oil and gas company, is poised to gain from the increased demand for jet fuel. As one of the largest refiners in the United States, ExxonMobil has the capacity to ramp up production efficiently. The company&#39;s extensive refining infrastructure means it can quickly adjust to market demands, potentially increasing its revenues from higher jet fuel sales. Moreover, as global demand for jet fuel surpasses pre-pandemic levels, ExxonMobil&#39;s international operations can capitalize on this trend, further boosting its financial performance.
The Zacks Consensus Estimate for XOM&#39;s 2025 earnings per share indicates 8.83% growth over 2024. The company&#39;s current market cap is roughly $436.7 billion. ExxonMobil&#39;s shares have risen 6.2% over the past year.
Chevron, another heavyweight in the energy sector, also stands to benefit from the increased jet fuel output. Its integrated operations, from exploration to refining and marketing, position it well to exploit the rising demand. The company&#39;s strategic focus on optimizing its refining operations can lead to improved margins as jet fuel prices stabilize with increased supply. Chevron&#39;s strategically located refineries are well-positioned to supply major U.S. airports, ensuring that the company can effectively meet the surge in jet fuel demand. Additionally, Chevron&#39;s investments in renewable energy and sustainable aviation fuels could offer a long-term competitive advantage as the industry moves toward greener solutions.
The Zacks Consensus Estimate for Chevron&#39;s 2025 EPS indicates 16.27% growth over 2024. The company&#39;s current market cap is roughly $286.2 billion. CVX has risen 0.8% over the past year.
Phillips 66, known for its robust refining and marketing capabilities, is particularly well-placed to benefit from the surge in jet fuel production. The company has a strong presence in the refining sector, with a focus on high-value product output, including jet fuel. The current rise in jet fuel demand aligns with Phillips 66&#39;s strategy to maximize output from its refining operations. Additionally, the company&#39;s efforts to increase efficiency and reduce costs can further enhance its profitability during this period of high demand.
The Zacks Consensus Estimate for PSX&#39;s 2025 EPS indicates 20.08% growth over 2024. The company&#39;s current market cap is roughly $58.5 billion. Phillips 66&#39;s shares have risen 50.9% over the past year.
In conclusion, the rise in U.S. jet fuel output to pre-COVID levels presents significant opportunities for key players like ExxonMobil, Chevron and Phillips 66. As these companies ramp up their production to meet the soaring demand, they are well-positioned to improve their financial performance and solidify market position. The broader industry can also look forward to a period of stability and growth, driven by the dynamic recovery of air travel and energy consumption.
<a href="https://www.zacks.com/stock/news/2292707/3-energy-giants-set-to-soar-with-record-jet-fuel-demand?cid=CS-BENZ-FT-analyst_blog|industry_focus-2292707">To read this article on Zacks.com click here.</a>

3 Energy Giants Set to Soar With Record Jet Fuel Demand

Global

Exxon Plans New Guyana Oil Project To Boost Output Into 2030s

<ul>
<li>Agreement signals demand for domestically sourced Mobil&#x2122; Lithium and marks a milestone in building out U.S. electric vehicle and battery supply chains</li>
<li>Domestic lithium production contributes to energy security, supports U.S. manufacturing jobs and reduces carbon emissions</li>
</ul>

ExxonMobil, EV Battery Maker SK On Sign MOU On U.S. Produced Mobil Lithium

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares are trading slightly higher today. As per government data, Guyana&#8217;s lucrative agreement with an Exxon Mobil-led consortium in the South American country generated $6.33 billion for the partners.
The growth resulted in a net margin larger than that of chip-maker NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a combined net margin of 56%, exceeding Nvidia&#8217;s 49% margin in its most recent fiscal year, reported Reuters.
In particular, as per Guyana government filings, Exxon reported a net profit of $2.9 billion, Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) earned $1.88 billion, and CNOOC gained $1.52 billion from the Stabroek joint venture, per the report.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38221117/guyanas-oil-spigot-wide-open-exxon-hess-sanction-massive-12-7b-oil-project" rel="noreferrer noopener">Guyana&#8217;s Oil Spigot Wide Open: Exxon, Hess Sanction Massive $12.7B Oil Project</a>
In 2023, revenue from the Stabroek offshore oil venture rose by 23% to $11.25 billion, boosted by the addition of a third production vessel.
As per the report, the group currently produces around 630,000 barrels daily from three vessels, and three more are expected to be added.
The report cited Marcelo de Assis, an oil consultant specializing in Latin America, who noted that the favorable contract terms were negotiated with Guyana at a time of high exploration risks and when the country&#8217;s oil potential was unknown.
Guyana has updated its oil contract terms, increasing the government&#8217;s share to 27.5%, which represents a roughly doubled stake. These revised terms, however, apply exclusively to areas outside the Stabroek block.
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S.&nbsp;Energy&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39462337/exxon-mobil-air-liquide-team-up-for-clean-hydrogen-project-details" rel="noreferrer noopener">Exxon Mobil, Air Liquide Team Up For Clean Hydrogen Project: Details</a>
Price Action: XOM shares are up 0.18% at $114.25 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Del Henderson Jr. via Shutterstock

Exxon Mobil Rakes In Billions from Guyana Oil Deal, Net Margin Tops Chip Giant: Report

UBS analyst Josh Silverstein maintains Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) with a Buy and raises the price target from $152 to $154.

Price Target

UBS Maintains Buy on Exxon Mobil, Raises Price Target to $154

Wall Street faces a continuation of last week&#8217;s trend during Monday&#8217;s morning trading, with semiconductor stocks selling off heavily and dragging down the tech sector, while the broader market remains largely unaffected.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell over 4%, entering correction territory after dropping more than 14% from last week&#8217;s all-time highs. 
SEC filings <a href="https://www.benzinga.com/quote/NVDA/insider-trades">on insider activity</a> reveal that Nvidia&#8217;s CEO Jen Huang sold more than $100 million worth of shares between June 13 and June 21, 2024, marking his first sale since December 2021.
The VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) fell over 2%, extending last week&#8217;s declines. 
Alongside Nvidia, Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) were notable laggards, dropping 9.6% and 8.3%, respectively.
While the Nasdaq 100 eyes its third consecutive negative session, other major indices posted gains: the S&amp;P 500 rose 0.3%, the Russell 2000 gained 0.8%, and the Dow Jones Industrial Average rallied 0.9%, potentially marking its strongest session since late May.
Treasury yields remained steady, the U.S. dollar fell 0.3%, gold prices increased 0.4% and energy-related commodities saw gains, with crude and natural gas up approximately 1% and 2%, respectively.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell over 4% to $60,400, heading for its seventh negative session in the last eight, as the broader cryptocurrency market&#8217;s momentum remains fragile.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,496.67</td>
<td>0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,032.89</td>
<td>0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,482.39</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,629.54</td>
<td>-0.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:39 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.2% higher to $545.59.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.9% higher to $394.65.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was 0.6% lower to $477.21.</li>
<li>Sector-wise, the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;outperformed, up by 1.5%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, falling 1.6%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Energy giants ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) and Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) rallied nearly 3% in reaction to energy commodity gains. </li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell over 3%, extending last week&#8217;s declines initiated by reports that artificial intelligence laptops powered by its Snapdragon processor had trouble running certain applications.</li>
<li>Crypto-linked stocks such as Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), and Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) fell 7%, 6% and 4%, respectively. Bitcoin-tied Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) tumbled 7.8%. </li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) plummeted over 11%, after it received a downgrade from Buy to Neutral by Citigroup. </li>
<li>Alnylam Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) surged over 30% after its investigational therapy vutrisiran for treating ATTR amyloidosis with cardiomyopathy met both its primary and secondary endpoints in a late-stage study.</li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39461418/us-bank-stress-tests-this-week-analyst-expects-improvement-8-stocks-3-etfs-to-watch">US Bank Stress Tests This Week, Analyst Expects Improvement: 8 Stocks, 3 ETFs To Watch</a>
Photo: Shutterstock

Mid Cap

Broad U.S. Equity ETFs

Small Cap

$BTC

ALNY

CLSK

COIN

SPDR Dow Jones Industrial Average ETF Trust

MARA

MCHP

MRVL

QCOM

SMCI

Semiconductor, Nvidia Woes Deepen; Nasdaq 100 Slips, Dow Rallies; Bitcoin Sinks To $60,400: What's Driving Markets Monday?

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) inked a deal with Air Liquide (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AIQUF#OTC">AIQUF</a>) to produce low-carbon hydrogen and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39460692/exxonmobil-adds-air-liquide-to-worlds-largest-low-carbon-hydrogen-project" rel="noreferrer noopener"> low-carbon ammonia at its Baytown, Texas facility</a>.
In collaboration with Air Liquide, ExxonMobil aims to facilitate the development of a low-carbon hydrogen market along the U.S. Gulf Coast, assisting industrial customers in reducing their carbon footprint.
As per the terms, the deal will allow low-carbon hydrogen to be transported via Air Liquide&#8217;s existing pipeline network.
Air Liquide will also construct and operate four Large Modular Air separation units (LMAs) to supply 9,000 metric tons of oxygen and 6,500 metric tons of nitrogen daily, primarily using low-carbon electricity to minimize the project&#8217;s carbon footprint.
The final investment decision is contingent upon favorable government policies and obtaining necessary regulatory permits.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39334659/exxon-mobils-nigerian-asset-sale-to-seplat-nears-completion-as-court-case-clears" rel="noreferrer noopener">Exxon Mobil&#8217;s Nigerian Asset Sale To Seplat Nears Completion As Court Case Clears</a>
ExxonMobil&#8217;s planned facility is set to become the world&#8217;s largest hydrogen production site, generating 1 billion cubic feet of low-carbon hydrogen daily and over 1 million tons of ammonia annually while capturing more than 98% of the associated CO2 emissions.
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S.&nbsp;Energy&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39370904/exxon-mobils-lawsuit-against-climate-activist-shareholder-arjuna-capital-dismissed-by-federal-ju" rel="noreferrer noopener">Exxon Mobil&#8217;s Lawsuit Against Climate Activist Shareholder Arjuna Capital Dismissed By Federal Judge</a>
Price Actions: XOM shares are up&nbsp;2.94%&nbsp;at&nbsp;$114.02&nbsp;at the last check on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Del Henderson Jr. via Shutterstock

AIQUF

Exxon Mobil, Air Liquide Team Up For Clean Hydrogen Project: Details

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Energy Stocks: Winners And Losers At The Beginning Of H2 2024

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In its June meeting, The Organization of the Petroleum Exporting Countries (OPEC) <a href="https://www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/">extended most of its production cuts</a> through the end of 2025. While some pundits view the move as an attempt to support an oversupplied market, it puts a floor on oil prices. The best <a href="https://investorplace.com/industries/energy/">energy stocks</a> will thrive with crude oil above $70 per barrel.



Another reason to buy energy stocks is as <a href="https://www.rbcwealthmanagement.com/en-us/insights/energy-stocks-a-hedge-to-rising-geopolitical-risk#:~:text=Oil%20companies%20can%20provide%20a,supply%20shocks%20since%20the%201970s.">a hedge against geopolitical turmoil</a>. Tensions in the Middle East remain as Israel deals with threats from Hamas and Hezbollah. A spike in tensions in one of the largest oil-producing regions would trigger a price surge. Such an event would benefit the sector, especially large oil producers that have lowered their production costs per barrel to below $50.



Moreover, in terms of valuation, energy is still the cheapest sector offering substantial upside. The following are some of the best energy stocks trading at a 40% discount to the S&amp;P 500.



<h2>Energy Transfer (ET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/energy-transfer-et-1600-300x169.jpg" alt="A magnifying glass zooms in on the website for Energy Transfer (ET)."><div>Source: Casimiro PT / Shutterstock.com</div></div>Energy Transfer (NYSE:<a href="https://investorplace.com/stock-quotes/et-stock-quote/">ET</a>) owns and operates crude oil, natural gas and natural gas liquid assets, primarily pipelines in the U.S. midcontinent and Texas. These assets produce stable cash flows regardless of oil and gas prices. Thus, if you want consistent income, buy this 7.8% yielder.



In recent years, the pipeline operator has done strategic deals to increase control over gas and natural gas liquids transportation. For instance, in May, it <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-acquire-wtg-midstream-325-billion-transaction">acquired WTG Midstream for $3.25 billion</a>. This strategic deal added 6,000 miles of gas-gathering pipelines.



While pipelines seem boring, Energy Transfer might be one of the best energy stocks to buy due to its exposure to <a href="https://www.goldmansachs.com/intelligence/pages/AI-poised-to-drive-160-increase-in-power-demand.html">AI and data center power demand</a>. In recent years, the company has connected its intra-state pipelines to power plants within 10 miles. Now, it&rsquo;s connected to approximately 55%-60% of Texas power plants.



Due to this connectivity, management believes it&rsquo;s well-positioned to serve power needs related to AI data centers. They expect growth from this end market since Dallas, Texas, is emerging as a major data center hub.



With more than 125,000 miles of pipeline delivering consistent cashflows, Energy Transfer is a great income play. Additionally, power demand from data centers offers a new growth catalyst.



<h2>Exxon Mobil (XOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/exxon-stock-1-300x169.jpg" alt="Exxon Retail Gas Location"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>This integrated oil major has been a stalwart in the industry. Its scale, geographic diversification, and low production cost provide greater earnings stability than smaller peers. As a result, the company has maintained a consistent dividend record raising its <a href="https://www.dividend.com/stocks/energy/oil-gas-coal/integrated-oils/xom-exxon-mobil/">dividend for 41 consecutive years</a>.



Besides the dividend income, Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) is one of the best energy stocks based on its growth profile. First, it has a substantial position in the Permian, with attractive low-cost acreage. The acquisition of Pioneer Natural Resources has enhanced this position and Exxon plans to double its Permian production to 2 million barrels per day by 2027.



Second, a significant portion of its oil production growth over the next decade will be powered by its <a href="https://corporate.exxonmobil.com/locations/guyana/guyana-project-overview">Guyana project</a>. Exxon estimates the gross recoverable reserves in the Stabroek block to be approximately 11 billion oil-equivalent barrels. Today, Exxon&rsquo;s output in Guyana is 600,000 barrels per day and could grow to 1.5 million barrels.



The production growth from the Permian and Guyana will drive free cash flow growth to enable a significant buyback program. So far, it has committed to <a href="https://investor.exxonmobil.com/news-events/corporate-plan-update">repurchasing $20 billion worth of stock annually</a>. And as you enjoy the benefits of the buyback, you also earn an attractive 3.3% yield.



<h2>Weatherford International (WFRD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/oil-pipeline-1600-300x169.jpg" alt="Pipelines in the desert"><div>Source: bht2000 / Shutterstock.com</div></div>Weatherford International (NASDAQ:<a href="https://investorplace.com/stock-quotes/wfrd-stock-quote/">WFRD</a>) is an equipment and services provider to the oil and gas industry. It has a presence in domestic, international and offshore markets. Since emerging from bankruptcy in 2019, it has undergone a significant transformation that has right-sized the company and streamlined costs.



Through this transformation, it has outperformed its peers, offering better growth, execution and margin expansion. It continues to deliver double-digit year-over-year revenue growth and substantial margin expansion. In <a href="https://weatherford.gcs-web.com/static-files/ce7e87be-07a9-4db3-8717-875af3927a4b">Q1 2024</a>, it reported 15% YOY revenue growth and a 24.7% EBITDA margin.



The sector landscape is expected to remain supportive going forward. International and offshore activity continues to strengthen, which will lift demand. Based on this view, management expects double digits, low teens YOY revenue growth and a 25% EBITDA margin in 2024.



After redeeming its secured bonds ahead of schedule, Weatherford is among the best energy stocks to buy for shareholder returns. The firm has cut leverage to 1.5x, achieved its 25% adjusted EBITDA margin goal and increased its credit facility. Now, the company is in a good financial position to begin buybacks in the second half.



Barclays notes that Weatherford is showing solid execution and getting better. Therefore, they expect the valuation gap with peers to close. In line with this view, they maintain an overweight rating and a $160 price target.



On the date of publication, Charles Munyi did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/the-3-best-energy-stocks-to-buy-in-july-2024/">The 3 Best Energy Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Energy Stocks to Buy in July 2024

Vestas: Waiting For The Wind To Blow Offshore

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Crude oil prices have started to move higher after a period of moving lower due to the lack of upside catalysts, presenting opportunities for <a href="https://investorplace.com/industries/energy/oil/">oil stocks</a> to buy on dip. The recent trend has been driven by optimistic demand forecasts for summer fuel consumption and a decline in U.S. crude inventories.



The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, on June 3, agreed to maintain <a href="https://www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/" target="_blank">oil output cuts of 2.2 million</a> barrels per day until the end of September, with a gradual easing of the cuts starting in October. This initially led to a dip in oil prices during that week; however, prices rebounded from June 5.



In the U.S., the Energy Information Administration (EIA) reported a significant drop in crude oil inventories by 2.5 million barrels to 457 million barrels for the week ending June 14, surpassing analyst expectations of a 2.2 million barrel decrease. This level is 4% below the five-year average for the same time frame. Moreover, gasoline stockpiles fell by 2.3 million barrels, the first reduction since May 17.



Demand for oil is on the rise, with JP Morgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) noting a post-pandemic peak of 9.4 million barrels per day in U.S. fuel consumption for the week ending June 14. Expectations are for demand to continue climbing as the Independence Day holiday approaches, with an estimated 71 million Americans planning to travel.&nbsp;



Global demand also increased by 1.4 million barrels per day, with China&rsquo;s fuel demand projected to rise by 1.7% in 2024.



<h2>SLB (SLB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/schlumberger_slb1600-300x169.jpg" alt="slb stock"><div>Source: Valentin Martynov / Shutterstock.com</div></div>SLB (NYSE:<a href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a>), formerly Schlumberger, is a leading oilfield services company offering technology and expertise in drilling, production, and reservoir management. Investing in SLB provides exposure to the energy sector&rsquo;s technological advancements and operational efficiencies, making it one of the oil stocks to buy on dip.



Benchmark analysts expressed <a href="https://www.investing.com/news/stock-market-news/buy-this-energy-stock-as-valuation-is-near-crisis-lows-benchmark-3502330" target="_blank">a bullish stance</a> on Schlumberger recently, recommending investors to consider the stock undervalued. Benchmark suggests that now is the time to either start a new long position, add to an existing one, or cover a short position in Schlumberger shares.



The brokerage firm argues that Schlumberger&rsquo;s stock is currently mispriced when compared to the company&rsquo;s fundamental reality. They believe the current stock price represents a significant buying opportunity, noting that it is near the levels observed during major downturns such as the 2008 financial crisis and the COVID-19 pandemic.



The analysts also highlight Schlumberger&rsquo;s recent acquisition of ChampionX (NASDAQ:<a href="https://investorplace.com/stock-quotes/chx-stock-quote/">CHX</a>), which they believe strengthens the company&rsquo;s position in the production sector. Despite Schlumberger&rsquo;s solid financials, the valuation remains below historical averages, presenting what Benchmark describes as a significant &ldquo;multiple reversion&rdquo; opportunity.



According to their analysts, a combination of low valuation, robust financial health, and positive growth catalysts make Schlumberger stock a compelling investment opportunity.



<h2>Chevron (CVX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cvx1600-300x169.jpg" alt="Chevron logo on blue sign in front of skyscraper building"><div>Source: Jeff Whyte / Shutterstock.com</div></div>Chevron (NYSE:<a href="https://investorplace.com/stock-quotes/cvx-stock-quote/">CVX</a>) is a major energy corporation involved in oil, gas, and renewable energy. With a robust balance sheet, Chevron offers long-term growth potential and reliable returns.



For the first calendar quarter, Chevron reported a decline in its first-quarter profit by 16% to <a href="https://tokenist.com/chevrons-mixed-q1-2-93-adj-eps-48-72-b-in-revenue/" target="_blank">$5.5 billion, or $2.97 per share</a>, compared to $6.57 billion, or $3.46 per share, in the same quarter last year.&nbsp;



The oil giant&rsquo;s adjusted earnings per share of $2.93 surpassed the anticipated $2.87 by analysts surveyed by LSEG. However, revenue fell short of expectations at $48.72 billion versus the forecasted $50.66 billion, marking a decrease from $50.79 billion a year prior.



The company cited lower sales margins at its refineries and a decline in international natural gas prices as key factors impacting its profitability. This mirrors challenges faced by Exxon in the same quarter. Despite a more than 16% increase in oil prices and a 31% rise in gasoline futures this year, these gains were offset by difficulties across the energy sector.



The company&rsquo;s refining operations in the U.S. saw a significant earnings drop, over 50% to $453 million, with international refining profits falling nearly 60% to $330 million. In contrast, the U.S. oil and gas business reported a 16% earnings increase to about $2 billion, thanks to higher sales volume and a 35% surge in daily production to 1.57 million barrels, propelled by strong performance in the Permian and Denver-Julesburg basins.



Internationally, oil and gas earnings dipped 6% to $3.2 billion as production declined slightly due to maintenance in Nigeria and field declines.&nbsp;



<h2>Exxon Mobil (XOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/exxon-stock-1-300x169.jpg" alt="Exxon Retail Gas Location"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>ExxonMobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) is a global oil and gas giant engaged in exploration, production, refining, and marketing. Its strong dividend history and integrated operations make it a stable investment in the energy industry, and one of the oil stocks to buy on dip.



More recently, Piper Sandler (NYSE:<a href="https://investorplace.com/stock-quotes/pipr-stock-quote/">PIPR</a>) showed <a href="https://www.investing.com/news/company-news/exxonmobil-stock-target-raised-15-by-piper-sandler-keeps-overweight-93CH-3384888" target="_blank">continued favor</a> for ExxonMobil, increasing the stock&rsquo;s price target to $145.00 from $130.00, while maintaining an Overweight rating. The bro Chevron a less attractive option for new investments until the resolution becomes clear..&nbsp; The makerage firm has consistently preferred ExxonMobil over Chevron for several years.



The current arbitration case involving the two companies has led to a belief that the uncertainty market is currently pricing in a high chance of ExxonMobil&rsquo;s victory, as evidenced by Chevron trading at approximately a 3.0% discount to ExxonMobil based on the 2025 estimated FCF yield.&nbsp;



Piper Sandler anticipates that ExxonMobil&rsquo;s near-term outperformance may be limited, but acknowledges that Chevron could narrow the gap substantially if the HES deal is finalized. Moreover, Piper Sandler sees potential upside to the Street&rsquo;s estimates for ExxonMobil, suggesting a 5% increase over consensus, driven by strong production trends and refining tailwinds, despite some headwinds related to timing effects.&nbsp;



On the date of publication, Shane Neagle did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/XtC3C1wq33iErOvYSGOsXg?domain=investorplace.com/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Shane Neagle is fascinated by the ways in which technology is poised to disrupt investing. He specializes in fundamental analysis and growth investing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-oil-stocks-to-buy-on-the-dip-before-they-surge/">3 Oil Stocks to Buy on the Dip Before They Surge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Oil Stocks to Buy on the Dip Before They Surge

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The S&amp;P 500 is booming. The popular benchmark index is up 16% this year and is 44% higher since the start of 2023. After losing over a fifth of its value the year before, our roaring bull market shows little sign of letting up.



But a crash will come. Last October, the index hinted at this possibility when it dipped 8% and looked to be heading for a correction, which is a drop of 10% or more. Although it reversed course and marched higher again, the S&amp;P 500 falling back to October&rsquo;s 4,230 level would be a decline of 24%. That&rsquo;s well into bear market territory and still a distinct possibility.



Corrections and crashes are all a part of investing. It&rsquo;s why you should always keep some powder dry to swoop in and pick up some bargains. It also underscores why buying stocks for a market downturn to protect your portfolio is essential.



<a href="https://investorplace.com/stock-types/dividend-stocks/">Dividend stocks</a> are the perfect hedge against a bear market. Dividend payers have outperformed all other classes of stock for nearly 100 years. Their income offsets declining share prices and juices your portfolio&rsquo;s returns. It&rsquo;s why there has never been a decade since the 1920s where S&amp;P dividend stocks have generated negative returns.



The three stocks below will protect your investments if the index hits those October lows again.



<h2>Diamondback Energy (FANG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/06/fang1600-300x169.jpg" alt="A photo showing a neon green and black snack baring its fangs."><div>Source: Shutterstock</div></div>Oil and gas driller Diamondback Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/fang-stock-quote/">FANG</a>) is the biggest pureplay stock in the Permian Basin. That&rsquo;s important because the region is one of the most prolific fields in the world, and it is how the U.S. became one of the dominant global producers.



Diamondback is acquiring privately held Endeavor Energy Partners in a $26 billion deal. Once completed, the oil and gas stock will become the <a href="https://investorplace.com/2024/06/the-3-most-undervalued-nasdaq-100-stocks-to-buy-summer-2024/">third-largest Permian energy stock</a> behind Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>) and Chevron (NYSE:<a href="https://investorplace.com/stock-quotes/cvx-stock-quote/">CVX</a>). The deal is expected to close in the fourth quarter.



Diamondback&rsquo;s position in the Permian Basin is significant because the strong demand tailwinds push fossil fuels forward. It is a low-cost producer whose dividend is protected <a href="https://www.diamondbackenergy.com/static-files/69e4a842-30fe-4ce0-8b92-510ad5aff2e6">down to oil trading at $40 a barrel</a>. West Texas Intermediate (WTI) is priced at over $86 a barrel today and the dividend yields an attractive 4.1% annually.



Although Diamondback Energy stock is up 36% in 2024 and trades 62% higher over the past year, shares go for 11 times earnings and estimates and a deeply discounted 11 times free cash flow (FCF).



<h2>Altria (MO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/altria-mo-stock-1600-300x169.jpg" alt="Altria office sign in Virginia capital city tobacco business closeup by road street"><div>Source: Kristi Blokhin / Shutterstock.com</div></div>Tobacco stock Altria (NYSE:<a href="https://investorplace.com/stock-quotes/mo-stock-quote/">MO</a>) is the second stock to buy during a market downturn. The owner of the Marlboro brand of cigarettes, Altria is investing heavily in reduced-risk products, including electronic cigarettes, nicotine pouches, and chewing tobacco.&nbsp;



Revenue in the oral tobacco category rose 3.7% last quarter to $651 million, primarily due to a 32% increase in shipment volume of its own! Brand of nicotine pouches. Altria&rsquo;s NJOY e-cigs shipped 10.9 million units of consumable products, down slightly from 11.1 million units the previous quarter. Yet its market share grew to 4.3%. Although that is <a href="https://www.statista.com/statistics/1097004/e-cigarette-market-share-us-by-brand/">far behind industry leader Vuse</a> from British American Tobacco (NYSE:<a href="https://investorplace.com/stock-quotes/bti-stock-quote/">BTI</a>) at 38.5%, Altria only closed on the acquisition a year ago.&nbsp;



The tobacco company still makes most of its money from cigarettes, or some $4.1 billion in first-quarter revenue. Marlboro remains the dominant brand with an overall market share of 42% and a premium brand share north of 59%. Even though smoking is in a secular decline, Altria remains quite profitable in <a href="https://investorplace.com/2024/06/dividend-heaven-7-standout-stocks-for-income-investors-to-buy-in-june/">supporting its dividend</a>, which yields 8.8% annually.



It has paid a dividend for 54 years and increased it yearly, <a href="https://investorplace.com/2024/03/the-3-highest-yielding-dividend-kings-for-march-2024/">making Altria a Dividend King</a>.



<h2>HP (HPQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/hpq-stock-300x169.jpg" alt="Image of the HP logo on a mesh computer case"><div>Source: Tomasz Wozniak / Shutterstock.com</div></div>HP, a PC and printer stock (NYSE:<a href="https://investorplace.com/stock-quotes/hpq-stock-quote/">HPQ</a>), has been a <a href="https://investorplace.com/2024/05/the-7-most-undervalued-warren-buffett-stocks-to-buy-in-may/">value trap</a> for most of the time. Warren Buffett&rsquo;s Berkshire Hathaway (NYSE:<a href="https://investorplace.com/stock-quotes/brk-a-stock-quote/">BRK-A</a>, <a href="https://investorplace.com/stock-quotes/brk-b-stock-quote/">BRK-B</a>) has owned the stock. Yet there is now renewed interest in the company due to the proliferation of artificial intelligence.



AI PCs are beginning to hit the market, which is forecast to grow again after years of contraction. Shipments rose<a href="https://canalys.com/newsroom/us-pc-market-q1-2024"> 5%</a> in the first quarter, according to Canalys and HP edged out Dell (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>) as the biggest vendor with a 24.6% share.



Earlier this year, HP touted the release of what it said was the industry&rsquo;s largest portfolio of AI PCs. They feature the leading next-generation AI processors from Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) and Advance Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>). HP is already tracking higher with a mix of PCs for consumers and enterprise workstations.



HPQ stock is up 16% this year yet trades at 12 times trailing earnings, nine times next year&rsquo;s estimates and at just a fraction of its sales. Also sporting a deeply discounted 11x FCF, HP is a bargain-basement stock with a dividend yielding 3.2% annually.



On the date of publication, Rich Duprey held a LONG position in MO, XOM and CVX stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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