BlackRock acquired 323M Exxon Mobil shares worth $49.3B. That's 0.76% of their equity portfolio (16th largest holding). The investor owns 8.18% of the outstanding Exxon Mobil stock. The first Exxon Mobil trade was made in Q4 2020. Since then BlackRock bought shares ten more times and sold shares on seven occasions. The stake costed the investor $17.7B, netting the investor a gain of 178% so far.
Exxon Mobil is effectively mitigating Middle East disruptions through a diversified global project pipeline. Replacement projects, such as LNG in Papua New G...
Permian Production: Increased year over year, with a target of 1.8 million oil equivalent barrels in 2026.Guyana Production: Achieved record levels of producti
Don't focus on high oil prices if you are looking for high yields in the energy sector in May.
Oil flows from the Persian Gulf will take a month or two to normalize even after the strait reopens, Exxon CEO Darren Woods told CNBC on Friday.