News about XOM

On Thursday, Avantis U.S. Equity ETF (AVUS) recorded net buying of $213.4 million against $226.2 million in gross ETF activity, with total assets of $14.67 billion. It increased 434 positions and trimmed 537. The largest buy was XOM ($201.7 million), a new position of 1,100,229 shares worth $201.7 million, or 1.36% of assets, followed by MSFT ($1.9 million) and LLY ($1.6 million). The largest sells were LRCX, MRK and COST, each at $0.2 million or less, and no positions were fully exited. The fund holds 1,117 stocks, with 29.4% of assets in its top 10, technology at 29.9% of the mix, an expense ratio of 0.15% and a P/E of 19.28.

ETFs saw an estimated net outflow of $1.90 billion across 339 funds on Thursday, Oct. 29, as 17,500 positions decreased against 40,617 increases. QQQ led the retreat at an estimated -$2.24 billion, followed by SPY at -$1.97 billion and TECL at -$950.0 million. Inflows concentrated in financials and value, with XLF adding $885.1 million and AVLV $614.0 million, while XLV and XLE also gained. Among stocks, ExxonMobil drew $889.9 million in value change across 46 buying ETFs, even as NVIDIA and Apple were trimmed.

The article argues dividend stocks can play a major role in long-term investor returns, citing Hartford Funds and Ned Davis Research findings that reinvested dividends account for 85% of the S&P 500's cumulative return since 1960. It highlights three energy stocks: Energy Transfer (ET), Enbridge (ENB) and ExxonMobil (XOM). Energy Transfer operates over 140,000 miles of pipeline across 44 states, with 90% of its projected earnings this year coming from long-term, fee-based contracts, and a 6.6% distribution yield. Enbridge has raised its dividend for 31 consecutive years and returned 38 billion Canadian dollars to shareholders over the past 5 years. ExxonMobil has grown its dividend for 43 years, with breakeven costs of about $40 per barrel on its advantaged assets and a goal of lowering costs to $30 per barrel by 2030.

ExxonMobil expects strong refining margins to add $4.5 billion to its energy products segment earnings in the third quarter, after $400 million of external impacts is subtracted. Changes in scheduled maintenance and the extra days in the quarter should add back $300 million. As a result, the segment's earnings are expected to more than double from the second quarter's $4.1 billion, and adjusted company earnings are estimated at about $15.1 billion versus $14.7 billion in the second quarter. The article argues that Exxon's integrated model offset lower oil prices, and that refiners such as Phillips 66, whose stock has more than doubled this year, also benefit. Exxon has raised its dividend for 43 straight years, and its full third-quarter report is scheduled for Oct. 30.