Exxon Mobil Corporation (XOM)

91.86
NYSE
Prev Close 91.14
Day Low/High 90.40 / 93.59
52 Wk Low/High 52.10 / 92.92
Exchange NYSE
Shares Outstanding 4212.54B
Market Cap 383.93B
P/E Ratio 60.81
Div & Yield N.A. (N.A)

Oil Hits the Skids, Which Is Good for My Shorts

Recent portfolio moves are beginning to pay off, particularly my oil shorts of U.S. Oil Fund (crude oil), Exxon Mobil and Schlumberger . I have pressed these shorts with the price of crude oil down by $1.65, or 3.5%. In support of the move of shorti...

Cashin's Midday Musings

The latest from Sir Arthur Cashin, with my take in italics: Concerns about the Gulf storm have eased, allowing crude to go negative and put pressure on stocks. My view: Crude is -$0.57 a barrel as I write this, and I'm adding to my shorts of Exxon M...

Recommended Reading

Check this out from Zero Hedge. It's very apropos to last week's short Exxon Mobil , Schlumberger and the United States Oil ETF .  

My Takeaways and Observations

If today was a song it would be Cream's "Strange Brew."  As examples: Oil is lower yet energy stocks -- including my shorts Exxon Mobil and Schlumberger -- are higher. Treasury yields are lower and the yield curve flattens, yet banks and financials ...

My Short Take on the Market

I initiated shorts last week of Exxon Mobil , Goldman Sachs , Morgan Stanley , Schlumberger , the United States Oil ETF in preparation for a possible "September to Remember" -- and I have more such moves coming. I'll explain why in my opening missiv...

Today's Takeaways and Observations

The Fed has no cred.  Here are the macro and micro challenges to both Dollar Tree and Dollar General . I took a sizable short market trade on the post-Yellen comments.  I initiated a Goldman Sachs  short and a Morgan Stanley short as well. Rang the ...

Is Exxon Mobil Poised for the Next Leg Down?

Is Exxon Mobil Poised for the Next Leg Down?

A close below $86 and weak energy prices could knock XOM lower.

Oil Vey!

The Wall Street Journal has an interesting article out about the fact that the largest oil companies' debts have hit a record high. This mirrors a piece I referred to yesterday from Zero Hedge. Borrowing to pay dividends is apparently the name of th...

Today's Takeaways and Observations

Another snore fest today. The widening disconnect between stock prices and the real economy.  Mark Hanson on the disappointing housing data today. Thus far, Apple short (calls) --my Trade of the Week -- are doing well. At $10 I added J.C. Penney to ...

Shorting Exxon, Schlumberger and USO

While I often question the process that business TV's "talking heads" use to make near-term forecasts for gold, oil and other commodities, I've decided to open up "trading shorts" on oil prices and energy companies. As such, I recently shorted the U...

Blame It on Rio: NBC's Olympics Ratings Fail to Garner Gold

Blame It on Rio: NBC's Olympics Ratings Fail to Garner Gold

The broadcaster sold an Olympic record $1.2 billion in advertising even though it saw a 13% decline in ratings from the 2012 London Games.

Fed Doesn't Weigh on Market Like Before

Fed Doesn't Weigh on Market Like Before

The relevance of the central bankers here and abroad is being widely questioned.

Buffett Isn't the Only One Munching on Apple

Buffett Isn't the Only One Munching on Apple

Apple longs have a powerful ally in the Swiss National Bank.

Buffett Isn't the Only One Munching on Apple

Buffett Isn't the Only One Munching on Apple

Apple longs have a powerful ally in the Swiss National Bank.

Call Me Crazy, But I'm Recommending Gold

Call Me Crazy, But I'm Recommending Gold

With the Fed continually trying to find its way, it's best to have some portfolio protection.

Investors Are Letting Their Guard Down

Investors Are Letting Their Guard Down

The strong move in the Nasdaq-100 indicates they're favoring more speculative stocks.

Closing Bell: Delta Cancels Hundreds of Flights; U.S. Stocks Slip

Closing Bell: Delta Cancels Hundreds of Flights; U.S. Stocks Slip

Stocks retreated from records as a selloff in health care overshadowed gains in energy.

'Keep Calm and Pump On' Won't Cut It for Oil

'Keep Calm and Pump On' Won't Cut It for Oil

Oil companies are using financial markets to keep their juggling balls in the air.

What's Hot, What's Not; Still, TINA

What's Hot, What's Not; Still, TINA

I'd stay away from banks, but I like home builders.

Closing Bell: Etsy Jumps on Citi Backing; Crude Closes at April Low

Closing Bell: Etsy Jumps on Citi Backing; Crude Closes at April Low

Another sharp decline in crude oil pulled the S&P 500 and Dow Jones Industrial Average lower in a mixed start to the new month.

Oil Vey!

I recently mentioned that energy stocks were extended and trading out of sync with lower commodities prices. In fact, I was poised to reshort Exxon Mobil and Schlumberger , but never pulled the trigger. That said, I think today's sharp drop in XOM -...

Bullish and Bearish Reversals for the Week

Bullish and Bearish Reversals for the Week

Lots of energy names facing the potential for lower prices.

Today's Good, Bad and Ugly

"It's not a joke, it's a rope, Tuco. Now I want you to get up there and put your head in that noose. " --Blondie, "The Good, The Bad and The Ugly"  Strange references often jump off of the page as I write my diary and my mind wanders and free-associ...

Cramer: Does the Bottom Beckon for Oil?

Cramer: Does the Bottom Beckon for Oil?

It's compelling to watch Exxon, the strongest in the group, finally get crushed.

Exxon Mobil Posts Weakest Profit Since 1999

Exxon Mobil Posts Weakest Profit Since 1999

Shares of Exxon Mobil were down Friday after reporting the weakest quarterly profit since 1999

Midday Report: Consumer Sentiment Weakens; Exxon, Alphabet Drive Markets

Midday Report: Consumer Sentiment Weakens; Exxon, Alphabet Drive Markets

Stocks fluctuated again on the final day of the month. Like the past four days, moves were driven by a mix of earnings.

Jim Cramer: Oil Prices Not Good for Oil Stocks

Jim Cramer: Oil Prices Not Good for Oil Stocks

Exxon Mobil and Chevron shares were up too much heading into earnings so their respective post-earnings selloffs are not surprising, says Jim Cramer.

U.S. Stocks Turn Mixed on Weak Q2 GDP, Exxon Mobil Profits Sink

U.S. Stocks Turn Mixed on Weak Q2 GDP, Exxon Mobil Profits Sink

U.S. stocks turned mixed on Friday, as second quarter gross domestic product came in much lower-than-expected.

Shorting More SPY

I'm adding to my short of the SPDR S&P 500 ETF following this morning's earnings miss from Exxon Mobil .