Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>Exxon will be announcing its Q4 earnings on 31/Jan, with its EPS projected to fall sequentially and annually. For fiscal 2024, revenue and EPS are expected to drop.</li>
<li>As of 28/Jan, Exxon’s implied volatility (IV) stands at 21.86%, with an IV rank of 40.38% and an IV percentile of 57%.</li>
<li>Exxon’s OI by strike for the 31/ Jan expiry shows calls concentrated at strikes 112, 114, and 115, while puts dominate at 102, 104, and 108.</li>
</ul>


Exxon will be announcing its Q4 earnings on 31/Jan, with its EPS projected to fall sequentially and annually. For fiscal 2024, revenue and EPS are expected to drop.
As of 28/Jan, Exxon’s implied volatility (IV) stands at 21.86%, with an IV rank of 40.38% and an IV percentile of 57%.
Exxon’s OI by strike for the 31/ Jan expiry shows calls concentrated at strikes 112, 114, and 115, while puts dominate at 102, 104, and 108.


[Pre Earnings Options Flash] Exxon’s OI PCR Indicates Neutral Sentiment Ahead of Earnings

<ul>
<li>ExxonMobil’s Q4 revenue is expected to rise 2.5% YoY while its EPS is anticipated to fall 36.3%. Annual revenue and EPS are expected to fall by 1.9% YoY and 18.1%.</li>
<li>Exxon expects Q4 2024 upstream earnings to drop USD 500–900 million QoQ due to lower crude prices, with refining margins further reducing earnings by USD 300–700 million.</li>
<li>ExxonMobil plans to invest up to USD 30 billion in low-emission projects by 2030, with its Low Carbon Solutions business expected to contribute an additional USD 2 billion in earnings.</li>
</ul>


ExxonMobil’s Q4 revenue is expected to rise 2.5% YoY while its EPS is anticipated to fall 36.3%. Annual revenue and EPS are expected to fall by 1.9% YoY and 18.1%.
Exxon expects Q4 2024 upstream earnings to drop USD 500–900 million QoQ due to lower crude prices, with refining margins further reducing earnings by USD 300–700 million.
ExxonMobil plans to invest up to USD 30 billion in low-emission projects by 2030, with its Low Carbon Solutions business expected to contribute an additional USD 2 billion in earnings.


[Earnings Preview] Exxon Q4 Profitability Faces Pressure from Lower Oil Prices and Refining Margins

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its standing in the energy sector.</li><li>Despite concerns about falling oil prices and industry-wide cautious spending, Exxon is doubling down on capital-intensive projects while expanding into emerging markets like carbon capture, hydrogen production, and advanced battery materials.</li><li>The company's bold moves include acquiring Pioneer Natural Resources for $60 billion, ramping up investments in the Permian Basin, and launching data-center-specific natural gas projects equipped with carbon capture technology.</li></ul>

In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its standing in the energy sector.Despite concerns about falling oil prices and industry-wide cautious spending, Exxon is doubling down on capital-intensive projects while expanding into emerging markets like carbon capture, hydrogen production, and advanced battery materials.The company's bold moves include acquiring Pioneer Natural Resources for $60 billion, ramping up investments in the Permian Basin, and launching data-center-specific natural gas projects equipped with carbon capture technology.

Exxon Mobil’s Bold New Strategy: A Game Changer or a Risky Bet?

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Wintermar Offshore Marine / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wintermar-offshore-marine" target="_blank" data-smartkarma-citation="entities:4064:1" rel="noopener">Wintermar Offshore Marine</a> booked a strong set of FY2024, confirming the ongoing recovery of the offshore oil &amp; gas shipping segment and especially demand for higher-tier vessels.</li>
<li>The company continues to build its fleet with several vessels coming on stream in FY2025 and FY2026, driven by optimism around ongoing investments in offshore oil &amp; gas in Indonesia. </li>
<li>
<a href="https://www.smartkarma.com/entities/wintermar-offshore-marine" target="_blank" data-smartkarma-citation="entities:4064:1" rel="noopener">Wintermar Offshore Marine</a> intends to sell its low-tier vessels and invest in more high-tier vessels this year, helping to drive future growth. </li>
</ul>



Wintermar Offshore Marine booked a strong set of FY2024, confirming the ongoing recovery of the offshore oil &amp; gas shipping segment and especially demand for higher-tier vessels.
The company continues to build its fleet with several vessels coming on stream in FY2025 and FY2026, driven by optimism around ongoing investments in offshore oil &amp; gas in Indonesia. 

Wintermar Offshore Marine intends to sell its low-tier vessels and invest in more high-tier vessels this year, helping to drive future growth. 


Wintermar Offshore Marine (WINS IJ) - Ahoy! Recovery Ahead

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wintermar-offshore-marine" target="_blank" data-smartkarma-citation="entities:4064:1" rel="noopener">Wintermar Offshore Marine</a> has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an upcycle in the Offshore Services space. </li>
<li>Charter rates have started to move up in an environment with low vessel supply, especially in the high-tier space where <a href="https://www.smartkarma.com/entities/wintermar-offshore-marine" target="_blank" data-smartkarma-citation="entities:4064:1" rel="noopener">Wintermar</a> has most exposure with new vessels being added. </li>
<li>
<a href="https://www.smartkarma.com/entities/wintermar-offshore-marine" target="_blank" data-smartkarma-citation="entities:4064:1" rel="noopener">Wintermar</a> has net cash, putting it in a strong position to increase its fleet into the upcycle driven by increased offshore exploration in Southeast Asia. Valuations remain attractive.</li>
</ul>



Wintermar Offshore Marine has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an upcycle in the Offshore Services space. 
Charter rates have started to move up in an environment with low vessel supply, especially in the high-tier space where Wintermar has most exposure with new vessels being added. 

Wintermar has net cash, putting it in a strong position to increase its fleet into the upcycle driven by increased offshore exploration in Southeast Asia. Valuations remain attractive.


Wintermar Offshore Marine (WINS IJ) - Well-Positioned for the Upcycle

United States

Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.

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Exxon Mobil (XOM US)

[Pre Earnings Options Flash] Exxon’s OI PCR Indicates Neutral Sentiment Ahead of Earnings

Exxon's Q4 earnings expected to decline, with options market showing calls at higher strikes and puts at lower strikes for 31/Jan expiry.

Mint Finance

[Earnings Preview] Exxon Q4 Profitability Faces Pressure from Lower Oil Prices and Refining Margins

ExxonMobil's Q4 revenue to rise YoY but EPS to fall. Annual revenue and EPS expected to decline. Exxon plans significant investments in low-carbon...

Mint Finance

Exxon Mobil’s Bold New Strategy: A Game Changer or a Risky Bet?

In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its...

Baptista Research

Wintermar Offshore Marine (WINS IJ) - Ahoy! Recovery Ahead

Wintermar Offshore Marine booked a strong set of FY2024, confirming the ongoing recovery of the offshore oil & gas shipping segment and especially...

Angus Mackintosh

Wintermar Offshore Marine (WINS IJ) - Well-Positioned for the Upcycle

Wintermar Offshore Marine has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an...

Angus Mackintosh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Pre Earnings Options Flash] Exxon’s OI PCR Indicates Neutral Sentiment Ahead of Earnings

​Exxon's Q4 earnings expected to decline, with options market showing calls at higher strikes and puts at lower strikes for 31/Jan expiry.

Mint Finance

[Earnings Preview] Exxon Q4 Profitability Faces Pressure from Lower Oil Prices and Refining Margins

​ExxonMobil's Q4 revenue to rise YoY but EPS to fall. Annual revenue and EPS expected to decline. Exxon plans significant investments in low-carbon...

Mint Finance

Exxon Mobil’s Bold New Strategy: A Game Changer or a Risky Bet?

In a recent special call arranged by the management, Exxon Mobil has unveiled an ambitious strategy that could reshape its future and redefine its...

Baptista Research

Wintermar Offshore Marine (WINS IJ) - Ahoy! Recovery Ahead

Wintermar Offshore Marine booked a strong set of FY2024, confirming the ongoing recovery of the offshore oil & gas shipping segment and especially...

Angus Mackintosh

Wintermar Offshore Marine (WINS IJ) - Well-Positioned for the Upcycle

Wintermar Offshore Marine has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an...

Angus Mackintosh

Exxon's Q4 earnings expected to decline, with options market showing calls at higher strikes and puts at lower strikes for 31/Jan expiry.

ExxonMobil's Q4 revenue to rise YoY but EPS to fall. Annual revenue and EPS expected to decline. Exxon plans significant investments in low-carbon...