Exxon cuts Guyana crude production after gas compressor failure

  • Exxon Mobil (NYSE:XOM) says it reduced crude production levels at the Liza Destiny floating platform offshore Guyana after a gas compressor failed.
  • The company says it is sending the compressor to Germany for repairs, where it is set to arrive on Feb. 9.
  • Exxon, which owns a 45% stake in the Stabroek block where Liza is located, has not specified current production levels; Hess , a partner in the block with a 30% stake, said in an earnings conference call last week that output had reached full capacity of 120K bbl/day.

    Exxon Mobil

    Investors in Exxon Mobil can expect a huge dividend payment. Based on the recent analysts' consensus the stock now has one of the highest dividend returns of the American market. For this year the analysts expect a dividend of 3.49 USD per share. Thus the dividend yield equals 6.7 percent. The average dividend yield of the oil & gas producers equals a limited 0.49 percent.

    Historical dividend returns Exxon Mobil

    Tomorrow Exxon Mobil will publish its past quarters results. Over the current book year the total revenue will be 224.37 billion USD (consensus estimates). This is hugely more than 2019's revenue of 181.5 billion USD.

    Historical revenues and results Exxon Mobil plus estimates 2020

    aandelenanalyses Exxon Mobil

    The analysts expect for 2020 a net profit of 8.31 billion USD. For this year the consensus of the result per share is a profit of 2.09 USD. So the price/earnings-ratio equals 24.93.

    Newest target prices around 52 USD

    Goldman Sachs , UBS and HSBC recently provided recommendations for the stock.

    Exxon Mobil 's market value equals around 220.59 billion . The Exxon Mobil stock was the past 12 months quite unstable. Since last February the stock is 8 percent lower. This year the stock price moved between 30 and 62 dollar.

    Historical stock prices Exxon Mobil past 10 years

    historical stocks exxonmobil

    Click here for dividend Exxon Mobil. At 16.20 the stock trades 1.59 percent lower at 52.1 USD.

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