TD Cowen analyst Jason Gabelman maintains Exxon Mobil (NYSE:XOM) with a Buy and raises the price target from $115 to $120.
TD Cowen analyst Jason Gabelman maintains Exxon Mobil (NYSE:XOM) with a Buy Read Post »
Morgan Stanley analyst Devin McDermott maintains ConocoPhillips with a Overweight and raises the price target from $123 to $129.
Morgan Stanley analyst Devin McDermott maintains ConocoPhillips with a Overweight Read Post »
Mizuho analyst Nitin Kumar reiterates ConocoPhillips (NYSE:COP) with a Neutral and raises the price target from $132 to $139.
Mizuho analyst Nitin Kumar reiterates ConocoPhillips (NYSE:COP) with a Neutral Read Post »
Mizuho analyst Nitin Kumar maintains Phillips 66 (NYSE:PSX) with a Neutral and raises the price target from $135 to $167.
Mizuho analyst Nitin Kumar maintains Phillips 66 (NYSE:PSX) with a Neutral Read Post »
Wells Fargo analyst Roger Read maintains Phillips 66 (NYSE:PSX) with a Overweight and raises the price target from $163 to $179.
Wells Fargo analyst Roger Read maintains Phillips 66 (NYSE:PSX) with a Overweight Read Post »
Mizuho analyst Nitin Kumar maintains Chevron (NYSE:CVX) with a Buy and raises the price target from $195 to $200.
Mizuho analyst Nitin Kumar maintains Chevron (NYSE:CVX) with a Buy Read Post »
Citigroup analysts are projecting Brent crude will average $78/bbl in the second quarter and could continue to slide to $55/bbl by late next year. The bank in a Sunday report said it continues to see a “spiky” first quarter for oil prices, thanks to crude supply and refinery disruption risks. The analysts said they expect OPEC+ will keep current production cuts in place through December, but still advised oil producers to hedge 2025 output in advance of what may be a sharp drop in prices. The report predicted Brent will average $78 a barrel in the second quarter before sliding to $74/bbl in the third quarter and $70/bbl in the fourth quarter. Citi’s 2025 oil outlook is surprisingly bearish, with the bank forecasting a Q1 price of $65/bbl, followed by an average of $60/bbl in the second and third quarter. The price will then drop to $55/bbl in Q4, the
Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 — OPIS Read Post »
B of A Securities analyst Doug Leggate maintains Marathon Petroleum (NYSE:MPC) with a Neutral and raises the price target from $185 to $230.
Piper Sandler analyst Ryan Todd maintains ConocoPhillips (NYSE:COP) with a Overweight and lowers the price target from $139 to $133.
Piper Sandler analyst Ryan Todd maintains ConocoPhillips (NYSE:COP) with a Overweight Read Post »
Piper Sandler analyst Ryan Todd maintains Chevron with a Overweight and lowers the price target from $188 to $180.
Piper Sandler analyst Ryan Todd maintains Chevron with a Overweight Read Post »
Piper Sandler analyst Ryan Todd maintains Exxon Mobil with a Overweight and lowers the price target from $142 to $130.
Piper Sandler analyst Ryan Todd maintains Exxon Mobil with a Overweight Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Per the Wall Street Journal, XOM has filed for arbitration to retain what it believes is a right of first refusal (ROFR) over the 30% stake in oil and gas development in Guyana held by Hess Corporation (HES 145 ***). XOM is citing the ROFR in response to HES’s agreement to be acquired by rival Chevron Corp. (CVX 150 ***), which was announced in 2023. We believe the Court will have to determine whether the way in which the merger was structured, and the way in which the joint operating agreement (JOA) in the Guyana development between the key parties was written, entitle XOM to invoke the ROFR or not. Given that the terms of the JOA have not been publicly disclosed, we do not have an
CFRA Keeps Hold Opinion On Shares Of Exxon Mobil Corporation Read Post »