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Orion Porfolio Solutions LLC Acquires 18,387 Shares of Exxon Mobil Corporation $XOM

Orion Portfolio Solutions LLC increased its holdings in Exxon Mobil Corporation by 6.4% in Q2, purchasing an additional 18,387 shares, totaling 305,097 shares valued at $32,889,000. Other institutional investors also adjusted their positions in Exxon Mobil. Analysts have mixed ratings on Exxon Mobil, with an average rating of 'Moderate Buy' and a target price of $129.24. Exxon Mobil's stock opened at $118.77, with a market cap of $500.88 billion.

Market Beat·
US
XOM
-0.60%
Market Beat·
US
XOM
-0.60%

SNG: Egypt awards upstream projects at EOGC 2025 as Badawi cites energy security gains

Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, opened the 11th Egypt Oil and Gas Convention (EOGC 2025), emphasizing the importance of collaboration in overcoming energy security challenges. The event highlighted successful projects and awarded companies for operational excellence, including GPC, SLB, Harbour Energy, and United Energy Egypt. The convention aims to advance Egypt's upstream opportunities and boost operational efficiency.

Zawya·
US
SLB
-2.21%
UK
HBR
0.00%
Zawya·
US
SLB
-2.21%
UK
HBR
0.00%

ROI-US squeeze on Venezuela oil won’t create global crunch: Bousso

The U.S. crackdown on Venezuela's oil exports is squeezing the country's crude output, threatening President Maduro's economic lifeline. Despite this, the global oil market remains largely unaffected due to ample supply and potential offsets from Canada and the Gulf of Mexico. The U.S. has intensified its campaign by seizing tankers and imposing sanctions, but Chevron continues operations under a special license. Venezuela's production could drop by 300,000 to 500,000 bpd, yet global impact is minimal unless political changes occur in Venezuela.

Reuters·
US
CVX
-0.48%
Reuters·
US
CVX
-0.48%

Kazakhstan sees arbitration ruling on Karachaganak before year-end

Kazakhstan's energy minister announced that an arbitration ruling concerning the Karachaganak oil and gas field, operated by an international consortium, is expected by year-end. The country has launched claims against developers over disputed costs totaling $16.5 billion for Kashagan and Karachaganak fields. The consortium includes Eni, Shell, Chevron, Lukoil, and KazMunayGaz.

Reuters·
US
SHEL
-0.73%
US
CVX
-0.48%
Reuters·
US
SHEL
-0.73%
US
CVX
-0.48%

Barclays Reaffirms Their Buy Rating on Exxon Mobil (XOM)

Barclays analyst Betty Jiang reaffirmed a Buy rating for Exxon Mobil with a $130 price target. Exxon Mobil's shares closed at $118.82. The analyst consensus suggests a Moderate Buy with a $132.33 average price target, indicating an 11.37% upside. TD Cowen also maintained a Buy rating with a $135 price target.

Tip Ranks·
US
XOM
-0.60%
Tip Ranks·
US
XOM
-0.60%
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