re: XOM has been trying to kiss March 15 this week.

The investment in pastics lacks vision to me and plastics are only marginally better than oil. Shrinking margins, overgrown supply, shrinking demand.

IDK. Plastics wouldn't move the needle for me to put my money in Exxon. Like Jag said, there are better ways to invest in plastics, but to each their own.

at these prices i dca in to xom,rdsb,cvx....
on decent drop days....i have a lot in growth funds and individual bonds (3-5 years avg yield 4percentish)... big big oil will morph into more energy than just oil and always has the downstream chemicals... these may go lower but will recover and if stabilize and yield more than 4percent be more of a part of my bond bucket than growth (sp500) bucket

my bonds are laddered for 3-7 years out and as they mature i need to replace.. bonds are a little pricey now for the yield so picking up undervalued or well valued big caps with historically decent yields...if xom lowers dividends there will be a decent buy opportunity

It won't offset shrinking O&G prices and/or demand though. Plastic isn't a good reason to invest in Exxon imo.

The funny thing about oil and gas is that one hiccup in supply will make it skyrocket. The big survivors will eat up the little ones who went out of business.

However, Trump is making peace in the Mideast and reducing the chances of a hiccup in supply.

Still, traffic has returned to high levels in NYC in part because nobody wants to ride the trains and subways.

Thought OPEC+ had 8mmbo/d they can turn back on plus Iran and Lybia are underproducing then the projects in Brazil, Guyana, and Suriname about to come online...Are you excited to invest in EP companies yet? Neither am I.

I was being generous with my number, you are more correct.

Thinking about the longer term, I suspect that the same technology that has allowed America to become energy independent will soon be applied elsewhere all over the world. That will probably produce a glut even after covid ends.

In the shorter term, I suspect that all of production shutdown after oil's price per barrel became <$0 will produce a spike in price when demand ramps up.

Just my guess.

Maybe the passed during the day but at close Exxon still has them by a few billion. Not sure for how much longer...

Prefer CVX in big oil in US, prefer TOT over US, but they all come with risk. One broker has made four calls on CVX this year and was dead on on the first three. He just made the Buy call last week. We'll see how he bats for the year.

Watched it hover around ~ 44 then down to ~ 42. Collected dividend and out around 41. Quickly realized this isn’t my Grandfathers Esso.