NYSEARCA:VDE - NYSE Arca - US92204A3068 - ETF - Currency: USD
The company said the workforce reduction would begin in 2025 and be mostly complete before the end of 2026.
On Monday, the Wall Street Journal reported that Elliott would push the company to sell or spin off its midstream business.
Goldman Sachs analyst cuts ExxonMobil price forecast due to mark-to-market commodity prices, but maintains Neutral rating. Q4 earnings expected on Jan 31, 2025.
Oil stocks and prices are rising due to strict U.S. sanctions on Russian oil. Watch these ETFs tracking oil futures and energy stocks.