Tariffs and Potential Inflation

[BigHornRam]

Regarding Exxon's stock, that happens to be the company from which I retired. Not included in those charts is the dividends that have been paid. The yield varies, of course, with the stock price, but it augments the total return substantially. It has been nice to have in retirement.

Even before I ever began working for them, my answer to people complaining about oil companies bending them over, has been anyone can buy shares and get on the supposed gravy train.

As of today, the dividend yield of XOM is 3.62%. It's in the data below the chart. Most oil companies stopped paying a dividend in 2020. Not sure what yield XOM was down to then.

 

[NDGuy]

As of today, the dividend yield of XOM is 3.62%. It's in the data below the chart. Most oil companies stopped paying a dividend in 2020. Not sure what yield XOM was down to then.

Just get XLE and get them all with a divi

 

[jryoung]

Just get XLE and get them all with a divi

I wonder what happened to the VDE XLE guy.

 

[Irrelevant]

Y are you guys bitching about O&G prices? It's been the same price at the pump, more or less for years. Eggs that's what we should be talking about? This directly impacts my breakfast burrito game

 

[406dn]

As of today, the dividend yield of XOM is 3.62%. It's in the data below the chart. Most oil companies stopped paying a dividend in 2020. Not sure what yield XOM was down to then.

During the time of covid, the price of the stock went pretty low. The yield therefore rose, as they did not cut the dividend, actually raised it, albeit barely.

https://www.morningstar.com/stocks/xnys/xom/dividends

 

[Alpine01]

... If any difference to note, Biden issued MORE permits.

Which represents a third of the whole story. Most of the permits that Biden finally granted were on land leased under the previous Trump administration. More an indication of the time delay between lease approval and final permit issuance than support for drilling. The second third of the story is that Biden had the lowest number of lease sales than any president since Kennedy. Thus future exploration has been absolutely hamstrung. The final third is that the Biden admin decided that existing leases had to go through a re-evaluation under NEPA to appease activist groups. Thus lease sales were cancelled/postponed and existing leases are in limbo while DOI goes through a re-review to justify their original approval. This represents a further hurdle in future exploration. So stop trying to pass Biden off as a proponent of oil and gas exploration. He wasn't. And maybe dig a little deeper than the CNN/ABC/CBS/NBC/DNC talking points.

 

[BigHornRam]

Which represents a third of the whole story. Most of the permits that Biden finally granted were on land leased under the previous Trump administration. More an indication of the time delay between lease approval and final permit issuance than support for drilling. The second third of the story is that Biden had the lowest number of lease sales than any president since Kennedy. Thus future exploration has been absolutely hamstrung. The final third is that the Biden admin decided that existing leases had to go through a re-evaluation under NEPA to appease activist groups. Thus lease sales were cancelled/postponed and existing leases are in limbo while DOI goes through a re-review to justify their original approval. This represents a further hurdle in future exploration. So stop trying to pass Biden off as a proponent of oil and gas exploration. He wasn't. And maybe dig a little deeper than the CNN/ABC/CBS/NBC/DNC talking points.

Meanwhile, XOM decided to go look for oil elsewhere.

ExxonMobil's Guyana Oil: A Trillion-Dollar Opportunity? | OilPrice.com

ExxonMobil's growth prospects are shaped by its Guyana oil production ramp-up, Permian Basin acquisition, and the ongoing dispute with Chevron over the Hess merger.

oilprice.com

"As a final point on Guyana, low cost of supply is everything in long-term oil production. With supply costs of less than $35 per barrel, Stabroek fits nicely in the low-cost category assuring profitable production at any likely Brent prices."

 

[SAJ-99]

Which represents a third of the whole story. Most of the permits that Biden finally granted were on land leased under the previous Trump administration. More an indication of the time delay between lease approval and final permit issuance than support for drilling. The second third of the story is that Biden had the lowest number of lease sales than any president since Kennedy. Thus future exploration has been absolutely hamstrung. The final third is that the Biden admin decided that existing leases had to go through a re-evaluation under NEPA to appease activist groups. Thus lease sales were cancelled/postponed and existing leases are in limbo while DOI goes through a re-review to justify their original approval. This represents a further hurdle in future exploration. So stop trying to pass Biden off as a proponent of oil and gas exploration. He wasn't. And maybe dig a little deeper than the CNN/ABC/CBS/NBC/DNC talking points.

I never said proponent. You want to make it seem that political views are in the way of my ability to see “truth”. My point was there was no “war on oil” and big oil was never “hamstrung” in any way. Biden wanted to get the price of oil and gasoline down. It is always political. And there always things can that can be done that slow things in certain areas to appease those that want action on the environment and climate change. The regulatory rules have been in place for years and somehow we still are producing more oil than ever, shipping more LNG than ever, etc. oil companies whine more than a grade school class on a test day.

 

[406dn]

Exxon looks for oil across the globe, irregardless of who is in the Whitehouse.

They had a big operation in far eastern Russia when I was still working. They held an interest in it until Russia invaded Ukraine and all of the political fall out that ensued. Russia forced them to sell to a Russian company, I think.

It is cost of production that is the primary driver of when, and where an oil company develops a resource. You could give oil leases away, and it might be 50 years before an oil company decides it is worth a look.

 

[BigHornRam]

I never said proponent. You want to make it seem that political views are in the way of my ability to see “truth”. My point was there was no “war on oil” and big oil was never “hamstrung” in any way. Biden wanted to get the price of oil and gasoline down. It is always political. And there always things can that can be done that slow things in certain areas to appease those that want action on the environment and climate change. The regulatory rules have been in place for years and somehow we still are producing more oil than ever, shipping more LNG than ever, etc. oil companies whine more than a grade school class on a test day.

Biden Administration Cancels Offshore Oil Lease Sale in Gulf of Mexico

Center for Biological Diversity: WASHINGTON— The Biden administration has cancelled a March 17 oil and gas lease sale that would have auctioned off over 78 million acres in the Gulf of Mexico. The Bureau of Ocean Energy Management also recently cancelled the public meetings and comment period...

biologicaldiversity.org

Both offshore oil auctions were scheduled for this year as part of the 2017-2022 federal offshore leasing program. President Joe Biden issued an executive order on Jan. 27 directing federal agencies to suspend oil and gas leasing of federal lands and waters pending a review of the program.

“Cancelling this huge offshore Gulf oil auction helps protect our climate and life on Earth. President Biden understands the urgent need to keep this oil in the ground,” said Kristen Monsell, oceans legal director with the Center for Biological Diversity. “This is a great step toward phasing out all offshore drilling and bringing environmental justice to the Gulf Coast and Alaska. We need to help restore coastal communities and marine life.”

 

[SAJ-99]

Biden Administration Cancels Offshore Oil Lease Sale in Gulf of Mexico

Center for Biological Diversity: WASHINGTON— The Biden administration has cancelled a March 17 oil and gas lease sale that would have auctioned off over 78 million acres in the Gulf of Mexico. The Bureau of Ocean Energy Management also recently cancelled the public meetings and comment period...

biologicaldiversity.org

Seriously, what is your point? There were plenty of other leases done. Example below. They announce them all on the website including the prices. CBD is just claiming some victory to make membership feel good.

Lease Sale 261

#b

www.boem.gov

 

[Hilljackoutlaw]

Biden wanted to get the price of oil and gasoline down

Hahahaha. My ass!

 

[SAJ-99]

And to show the joke that is "Energy Independence". Americans are being played for suckers...

 

[SAJ-99]

Hahahaha. My ass!

Yeah, you are right. "My ass" is a solid argument and I am convinced. A first term president would never want to lower the price of the most commonly purchased commodity.

 

[noharleyyet]

Yeah, you are right. "My ass" is a solid argument and I am convinced. A first term president would never want to lower the price of the most commonly purchased commodity.

Biden was in a tough position between a rock (far left eco's) and hard place (legacy energy kingmakers).

 

[Hilljackoutlaw]

Yeah, you are right. "My ass" is a solid argument and I am convinced. A first term president would never want to lower the price of the most commonly purchased commodity.

Yea because lowering the price of something that goes against your handlers entire agenda is a brilliant idea....be real man.

 

[Hilljackoutlaw]

@SAJ-99 i also love how you refer to all these things as if Biden was actually doing them. The guy was a signature that's it nothing else.

 

[BigHornRam]

Hahahaha. My ass!

Biden did get oil prices down, by drawing down the strategic oil reserve. Unfortunately a lot of that oil was bought by China.

 

[TheJason]

Did releasing oil from the Strategic Petroleum Reserve impact gas prices? | USAFacts

Data shows that releases from the reserve contributed to a 13 to 31 cent per gallon decrease in the price of gas through July, but gas prices continue to fluctuate.

usafacts.org

 

[Hilljackoutlaw]

Biden did get oil prices down, by drawing down the strategic oil reserve. Unfortunately a lot of that oil was bought by China.

Yea because that helps their end goal in the long run.