Exxon Buy 🆒 📢

While buying production assets, Exxon is actively "selling" its retail footprint to streamline operations: Exxon to buy Denbury for $4.9 billion in carbon storage bet

: In January 2024, Exxon agreed to buy an additional 1.2 million tonnes of LNG per year from Mexico Pacific to strengthen its global gas portfolio. Ongoing Asset Sales (The "Sell" Side)

: The stock holds a consensus "Buy" rating from 20 tracked analysts. exxon buy

Exxon has used its high cash reserves to "buy" significant market share through major takeovers:

: Closed in late 2023, this was Exxon's largest acquisition in decades, aimed at making it the dominant producer in the U.S. Permian Basin . While buying production assets, Exxon is actively "selling"

: Acquired in July 2023 to secure a massive 1,300-mile CO2 pipeline network , positioning Exxon as a leader in carbon capture and storage (CCS).

: Exxon maintains one of the strongest balance sheets in the industry, with a debt-to-equity ratio of 0.17x , lower than major rival Chevron. Recent Strategic Acquisitions Permian Basin

As of late , "Exxon buy" primarily refers to the stock's current Buy rating from analysts and its recent large-scale acquisitions aimed at dominating the shale oil and carbon capture markets. Is Exxon a "Buy"? (Market Sentiment)