In a 6-3 decision, the court said a legal defense called foreign sovereign immunity, which generally prohibits US lawsuits against foreign governments and their agents, is not available in cases like the Exxon's against CIMEX under the Helms-Burton Act.
The U.S. Supreme Court made it easier on Tuesday for U.S. companies to seek compensation from Cuba's government for property seized decades ago by former leader Fidel Castro's government, ruling in favor of ExxonMobil in its lawsuit against Cuban state-owned firm Corporación CIMEX.
Enbridge has increased its dividend for 31 straight years. ExxonMobil expects to grow its earnings and cash flow at double-digit rates through 2030, with new businesses driving additional growth into the 2040s.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
SPRING, Texas--(BUSINESS WIRE)--ExxonMobil Announces Planned Effective Date for Move to Texas.
The Energy Select Sector SPDR Fund (NYSEARCA:XLE) has had a volatile two months.
While the hopes for a permanent cease-fire and a cessation of hostilities are the ultimate end-game plan for Iran and the Middle East, the reality is that while spot prices have plummeted to the lowest level since March, there will be an incredible amount of work and resources to put the supply chain and the storage market back to pre-war levels.
If you are reading the news and thinking the reopening of the Strait of Hormuz ends today's oil problems, think again. Shipping has started to resume, but normal flows may take weeks or months to recover as markets work through disrupted logistics, damaged infrastructure and depleted inventories.
Geopolitical instability, particularly the unresolved Iranian situation, is driving higher and more volatile oil and gas prices for the foreseeable future. Comstock Resources (CRK), Antero Resources (AR), Exxon Mobil (XOM), Crescent Energy, Vaalco Energy (EGY), and Meren Energy (MRNFF) are highlighted as strong buy or long-term opportunities. XOM's Guyana expansion could contribute up to 10% of company production by 2030.
Oil prices shot higher when the Middle East geopolitical conflict began. Energy prices have been driven by newsflow, but will soon be driven by market fundamentals.