Exxon Mobil Corporation

$XOM

NYSEEnergy

317 stories mentioning Exxon Mobil CorporationUpdated 2d ago

Exxon featured as Australia's Woodside dismissed media speculation it intended to acquire the firm, while energy shares moved on US-Iran peace news.

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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

Piper SandlerTarget revisedNeutral10d ago
Price target$185from $158

What's the latest news on Exxon Mobil Corporation?

Equities58d ago

S&P 500 Posts Weekly Decline Amid Worries Over Artificial Intelligence, Middle East

The Standard & Poor's 500 index fell 1.6% this week, led by technology stocks, amid concerns about whether excitement over artificial intelligence has been overdone in the US.The S&P 500 ended the week at 7,457.69 and is down 0.6% for July but up 8.9% for the year.Worries about the U.S. technology sector flared as China's Moonshot AI, which is backed by Alibaba (BABA), released an AI model that it says outperforms some US-based systems.Continued conflict in the Middle East also weighed as crude oil futures climbed. Iran said it had targeted US military forces in Syria and Bahrain in a broadening of the scope of its attacks in the Middle East.Economic data showed US consumer prices declined by more than expected in June while producer prices unexpectedly fell. The drop in producer prices came amid a steep decline in the cost of energy products. Still, US industrial production rose by less than expected in June as manufacturing output stalled, Federal Reserve data showed Friday.The technology sector fell 3.8%, followed by a 2.4% loss in communication services and declines of 1.4% each in industrials and materials. Consumer discretionary and utilities also edged lower.The decliners in the technology sector included shares of Applied Materials (AMAT), which fell 12% on the week, and Cadence Design Systems (CDNS), down 14%.In communication services, shares of Netflix (NFLX) shed 6%. The streaming company's second-quarter revenue missed Wall Street's estimates while Q3 guidance lagged market expectations. The company also said it will switch to releasing its engagement report annually, rather than semi-annually.On the upside, energy climbed 5%, while real estate rose 2.3% and consumer staples added 1.4%. Financials and health care were also higher.The climb in energy came as crude oil futures rose as Iran widened its attack to a desalination plant in Kuwait. Gainers included shares of Exxon Mobil (XOM), up 6.1%, and Chevron (CVX), up 6.2%.Next week's earnings calendar features Google parent Alphabet (GOOGL, GOOG), Tesla (TSLA), Philip Morris International (PM), GE Vernova (GEV), Texas Instruments (TXN), International Business Machines (IBM), AT&T (T), Intel (INTC) and American Express (AXP).Economic data will include June new home sales and the July US Flash Manufacturing PMI, a gauge of the manufacturing sector's health.

Dow JonesNasdaq CompositeS&P 500$AMAT$CDNS$CVX$NFLX$XOM

Commodities58d ago

Operational Bottlenecks May Slow Venezuela's Oil Production Growth, Kpler Says

Operational bottlenecks could prevent Venezuela from reaching its 1.4 million barrels per day production goal this year, Kpler said in a Friday note.Venezuela plans to add about 200,000 b/d to current production by year-end. Kpler expects output to continue increasing but projects a lower level of 1.3 million b/d, citing near-term operational constraints.Crude production climbed to roughly 1.2 million b/d in June from about 850,000 b/d in Q4 2025, making Venezuela the world's fastest-growing oil producer this year, Kpler said.Higher production also lifted demand for diluent imports, with Venezuelan naphtha imports averaging around 100,000 b/d in recent months, according to Kpler.Kpler expects Venezuela to produce a more realistic 2 million b/d by the end of the decade, below the government's 3 million b/d target for 2030, assuming political stability and greater participation from international oil companies.Rig shortages and deteriorating infrastructure will continue to limit Venezuela's production growth, while ample global crude supplies should keep output around 2 million b/d in 2031 and 2032, Kpler said.Venezuela has overhauled its investment framework after Interim President Delcy Rodriguez cut the government's share in most crude projects to 20%-35% from nearly 83% and introduced royalty brackets, Kpler said.Higher oil prices driven by the US-Iran conflict have strengthened investor interest, Kpler said. Chevron (CVX) has moved quickly to expand operations, while ExxonMobil (XOM) and ConocoPhillips (COP) are converting preliminary agreements with PDVSA into formal joint ventures.Even with stronger foreign interest, equipment shortages and deteriorating infrastructure will continue to restrict operations through 2027, Kpler said, delaying any meaningful increase in production until 2028.Nearly two decades after exiting Venezuela, ExxonMobil had started talks by late May to secure production rights for as many as six oil fields across multiple regions, Kpler said.Kpler said the policy shift coincides with President Donald Trump's call for $100 billion in private investment to rebuild Venezuela's energy industry after Nicolas Maduro's departure in January.The renewed push came only months after Exxon Chief Executive Darren Woods described the country as "uninvestable," according to Kpler.

$COP$CVX$XOM

Asia Markets58d ago

Update: US Equity Futures Drop as AI Concerns Weigh on Tech Stocks, Middle East Conflict Continues

US equity futures were edging lower pre-bell Friday as concerns over artificial intelligence spending weighed on chip stocks and the wider technology sector, while the conflict in the Middle East showed no signs of de-escalating.Dow Jones Industrial Average futures were 0.5% lower, S&P 500 futures were down 0.9%, and Nasdaq futures were 1.9% lower.Global tech stocks continued their drop from the previous session, including Nvidia (NVDA), which was down 2.6% in premarket activity.US Central Command said in a post on X that it completed the sixth consecutive wave of attacks against Iran, degrading the nation's military capabilities and holding it "accountable" for recent attacks on commercial shipping in the Strait of Hormuz.Iran said it had targeted US military forces in Syria and Bahrain in a broadening of the scope of its attacks in the Middle East.Traders assessed the latest round of earnings, with Netflix (NFLX) reporting an increase in fiscal Q2 earnings and revenue on late Thursday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.4% at $86.20 per barrel and US West Texas Intermediate crude 2.5% higher at $80.95 per barrel.June housing starts rose to a 1.427 million annual rate from 1.199 million in the previous month, compared with expectations for a 1.31 million rate in a survey compiled by Bloomberg. US import prices rose 0.3% in June, above the 0.7% increase expected and below the 1.7% gain in May. US export prices fell 0.6% in June, compared with the 0.7% decrease expected and the 1.2% increase in the prior month.The June industrial production report, due at 9:15 am ET, is forecast to show a 0.2% gain following a 0.1% increase in the prior month. The University of Michigan consumer sentiment index for July, slated for 10 am ET, is expected at 51.0, up from 49.5 previously.In other world markets, Japan's Nikkei closed 4% lower, Hong Kong's Hang Seng ended 1.8% lower, and China's Shanghai Composite finished 3.1% lower. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, included in the tech stock sell-off were Applied Materials (AMAT), Lam Research (LRCX), and Intel (INTC), which were down 5.3%, 4.7%, and 4.5%, respectively. SpaceX (SPCX) shares fell 4.4% after CEO Elon Musk said in a post on X that the company's Starship rocket triggered an "automatic launch abort" Thursday, with the next launch to be rescheduled possibly "in a few days." Netflix stock was down 11% after it posted Q2 revenue that fell short of analysts' consensus estimates.On the winning side, energy-related stocks rose along with the increase in oil prices. Exxon Mobil (XOM) shares were 2% higher, Shell (SHEL) stock was up 2.1%, and TotalEnergies (TTE) shares were up 2.3%.

Dow JonesNasdaq CompositeS&P 500$AMAT$INTC$LRCX$NFLX$NVDA$SHEL$SPCX$TTE$XOM

Oil & Energy58d ago

Nigeria Eyes Turn-Around in Deepwater Oil, Fiscal Incentives Generate Appetite

Nigeria is set for a major turnaround in deepwater crude oil extraction, Wood Mackenzie said in an article on Thursday, in which its analysts shared their updated views on the country's prospects after attending the Nigeria Oil and Gas conference in Abuja last week.Nigeria, Africa's largest liquids producer, has huge deepwater potential, but it has gone more than a decade without major investment until a final investment decision for Bonga North in 2024. Deepwater liquids output has fallen below 500,000 barrels per day from a 800,000-bbl/d peak in 2016.That is likely to change now. Nigeria's government is now aiming for 3 million bbl/d output and 12 billion cubic feet per day of natural gas by 2030 and to reverse decline through regulatory reform and fiscal incentives.Six deepwater legacy contracts between state-run Nigerian National Petroleum and international oil companies were extended in 2022, while new incentives were introduced in 2024, including tax credits for fields that reach final investment decision before 2029.Oil companies have taken note and are pursuing deepwater development plans. Four large greenfield projects could alone produce more than 2 billion barrels of oil equivalent, Wood Mackenzie said.Shell (SHEL), ExxonMobil (XOM), Eni (E) and TotalEnergies (TTE) have raised the priority of Nigerian deepwater projects that previously were unappealing before the introduction of incentives.Evidence of this is Shell's 2024 FID on Bonga North, 20 years after it was discovered, and ExxonMobil's approval last week of the $1 billion Usan Infill Project as part of a pledge to invest $10 billion to develop deepwater assets in Nigeria.TotalEnergies recently said it would acquire Conoil's 50% stake in the Egina South discovery while Shell bought 10% of TotalEnergies' stake in OML 118 to boost its Bonga Southwest-Aparo project.WoodMackenzie said Nigeria has a strong opportunity to reverse decline in deepwater output, with projects collectively adding a potential 700,000 barrels of liquids and 950 billion cubic feet per day of gas.Risks are mainly centered around project execution while others include partner alignment, competition for capital, unitization, regulatory approvals, gas sales agreements and supply chain constraints.On the other hand there is some spare capacity at present on existing floating production and storage, but also some "creaky" infrastructure.The gauge of whether Nigeria's deepwater ambitions will be realized, can be gauged to a degree by whether Bonga Southwest-Aparo, Zabazaba and Preowei reach FID within 18 months."If these projects get over the line, Nigeria's deepwater resurgence will prove it has real bite," the article concluded.

$E$SHEL$TTE$XOM

Equities58d ago

BNP Paribas Adjusts Price Target on Exxon Mobil to $155 From $165, Maintains Neutral Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $166.95, according to analysts polled by FactSet.

$XOM

Commodities62d ago

US Land Rig Count Falls by 2 as Permian Activity Declines, RBC Says

The US active land drilling rig count fell by two week over week to 565, driven by lower activity in the Permian Basin, while oilfield services stocks outperformed alongside higher crude prices, RBC Capital Markets analysts said in a Friday note.Citing Baker Hughes (BKR) data, RBC said the US oil-directed land rig count declined by two to 430, while the gas-directed rig count was unchanged at 126. Compared with a month earlier, oil rigs were up by eight, and gas rigs by five.The Permian Basin lost five rigs during the week, leaving 256 active rigs. The basin accounts for about 60% of oil rigs in the Lower 48 states and 45% of the total US land rig fleet, RBC said.Helmerich & Payne (HP) remained the largest drilling contractor in the Permian with 90 rigs, followed by Patterson-UTI Energy (PTEN) with 34 rigs and Nabors Industries (NBR) with 29 rigs.Exxon Mobil (XOM) was the basin's most active operator with 34 rigs, ahead of Devon Energy (DVN) with 22 and Occidental Petroleum (OXY) with 21. Private operators accounted for 43% of active Permian rigs, up from 41% a year earlier.Elsewhere, the Eagle Ford added three rigs to 47, while the Williston Basin was unchanged at 27 rigs.RBC said oilfield services stocks under its coverage gained 4.0% over the week, outpacing a 3.7% rise in the 2026 WTI crude strip to $71 per barrel. Baker Hughes led the group with a 9.1% gain, followed by Patterson-UTI, up 8.4%, and Helmerich & Payne, up 6.5%.For the year to date, RBC's oilfield services coverage group has advanced 31.4%, compared with a 10.9% gain for the S&P 500.Meanwhile, the 2026 Brent crude strip rose 3.5% to $75 per barrel, while the 2026 Henry Hub natural gas strip fell 5.1% to $3.32 per million cubic feet, leaving it nearly 15% below year-ago levels, RBC said.Price: $34.07, Change: $+0.74, Percent Change: +2.22%

$BKR$DVN$HP$NBR$OXY$PTEN$XOM

Equities66d ago

Mizuho Adjusts Price Target on Exxon Mobil to $170 From $175

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $167.10, according to analysts polled by FactSet.

$XOM

Equities66d ago

JPMorgan Adjusts Price Target on Exxon Mobil to $158 From $173

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $167.10, according to analysts polled by FactSet.

$XOM

Oil & Energy66d ago

Exxon Mobil to Invest $1 Billion to Add 40,000 Barrels per Day to Nigeria Oil Output

Exxon Mobil (XOM) will invest $1 billion in a project in Nigeria that will add about 40,000 barrels per day to the country's crude oil output, the Nigerian Upstream Petroleum Regulatory Commission said in a post on Instagram on Wednesday.The commission said the investment in on-block activities in the Usan Infill Project in OML 138, was announced by Jagir Baxi, managing director of Exxon Mobil affiliates in Nigeria, during the 25th NOG Energy Week Conference the same day.Commission Chief Executive, Oritsemyiwa Eyesan said the announcement would mark the first drilling by Esso Exploration and Production Nigeria, an Exxon Mobil affiliate, since 2016.Esso Exploration and Production operates the OML 138 within which the Usan field is found. The block is operated via a production sharing contract with NNPC Limited, with partners including Chevron (CVX), TotalEnergies (TTE) and Nexen, a subsidiary of China National Offshore Oil.Separately, the NUPRC on Wednesday awarded licenses from the 2022/23 Mini Bid Round and Nigeria 2024 Licensing Round, with recipients including Boron Energy, Petroli Energy Marketing and Supply, Sahara Deepwater Resources and Tulcan Energy.In all 12 entities were awarded 19 petroleum prospecting licenses, the statement said, spanning deep offshore, shallow water and continental shelf acreages.

$CVX$TTE$XOM

Wire67d ago

Citigroup Cuts Exxon Mobil Price Target to $155 From $175

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $170.57, according to analysts polled by FactSet.Price: $140.83, Change: $-0.86, Percent Change: -0.61%

$XOM

Sectors67d ago

Sector Update: Energy Stocks Advance Pre-Bell Wednesday

Energy stocks were advancing pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.7%.The United States Oil Fund (USO) was up 2.4% and the United States Natural Gas Fund (UNG) was 0.9% higher.Front-month US West Texas Intermediate crude oil was 4.8% higher at $73.81 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 5.1% to $77.91 per barrel, and natural gas futures were up 1.2% at $3.30 per 1 million British Thermal Units.Exxon Mobil (XOM) stock was up more than 1% after the company said in a filing that changes in oil prices could raise its Q2 upstream earnings by $3.5 billion to $3.9 billion, while changes in gas prices could either result in a $200 million loss or a similar gain.Petrobras (PBR) has signed a settlement agreement with Brazil's oil regulator ANP to bring 335 offshore wells into compliance with well integrity regulations by Dec. 31, 2030, according to a translation of a statement from the regulator. Shares of Petrobras were up more than 2% pre-bell.Baker Hughes (BKR) will provide power generation solutions to support Kodiak Gas Services' (KGS) expanding energy infrastructure initiatives under a new multi-year agreement, the companies said. Baker Hughes stock was up more than 1% premarket.

$BKR$KGS$PBR$UNG$USO$XLE$XOM

Sectors67d ago

Sector Update: Energy

Energy stocks were advancing pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.3%.The United States Oil Fund (USO) was up 2.3% and the United States Natural Gas Fund (UNG) was 1.2% higher.Front-month US West Texas Intermediate crude oil was 4.3% higher at $73.45 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.5% to $77.46 per barrel, and natural gas futures were up 1.1% at $3.30 per 1 million British Thermal Units.Exxon Mobil (XOM) stock was up more than 1% after the company said in a filing that changes in oil prices could raise its Q2 upstream earnings by $3.5 billion to $3.9 billion, while changes in gas prices could either result in a $200 million loss or a similar gain.

$XOM

Asia Markets67d ago

Update: US Equity Futures Fall Pre-Bell as Middle East Hostilities Restart, President Trump Declares US-Iran Ceasefire 'Over'

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures fell pre-bell Wednesday as President Donald Trump declared that the US ceasefire with Iran was "over" amid escalating hostilities in the region once again, sending oil prices soaring.Dow Jones Industrial Average futures were 0.9% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.8% lower.In a post on X, US Central Command said it struck 80 Iranian targets, including air defense systems and radar sites, as a response to Iran's attacks on three commercial ships transiting the Strait of Hormuz. The US also revoked a license that allowed Iran to sell oil around the world.Iran's Islamic Revolutionary Guard Corps said that they had targeted US military sites in Bahrain and Kuwait. The renewed conflict in the region has caused at least four oil and gas tankers to turn back from their attempt to pass by the waterway, according to a Reuters report citing date from Kpler and LSEG.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.5% at $77.45 per barrel and US West Texas Intermediate crude 4.3% higher at $73.46 per barrel.Traders await the minutes of the June 16-17 Federal Reserve policy session, the first under new chair Kevin Warsh, scheduled for release at 2pm ET.In other world markets, Japan's Nikkei closed 2.1% lower, Hong Kong's Hang Seng ended 3% higher, and China's Shanghai Composite finished 0.5% lower. Meanwhile, the UK's FTSE 100 was down 1%, and Germany's DAX index was 1.7% lower in Europe's early afternoon session.In equities, Walmart (WMT) shares rose nearly 1% after the company lowered prices on essentials and groceries, including beef, fresh produce, beverages and other products as part of a summer rollback measure, following an announcement from Trump that the retailer would lower its prices "by a lot" at his administration's request to celebrate the country's 250th birthday.The increase in oil prices boosted energy stocks in premarket activity. Exxon Mobil (XOM) shares were 1.3% higher, Chevron (CVX) stock was up 1.5%, and ConocoPhillips (COP) shares climbed 1.5%.On the losing side, airline stocks dropped on concerns over fuel costs and demand. Delta Air Lines (DAL) shares fell 2.3%, United Airlines (UAL) stock was down 2.9%, and Southwest Airlines (LUV) shares declined 2.2%.

Dow JonesNasdaq CompositeS&P 500$COP$CVX$DAL$LUV$UAL$WMT$XOM

Commodities67d ago

Exxon Mobil Expects Change in Liquid Prices to Boost Q2 Upstream Earnings

US energy major Exxon Mobil (XOM) on Tuesday said change in liquids prices could help boost its upstream earnings by $3.5 billion to $3.9 billion in Q2.Changes in gas prices are expected to impact earnings between a $200 million loss and a similar gain, the group said in a regulatory filing on Tuesday.The US-Iran war and related disruptions, as well as significant planned activities and seasonal demand patterns are among the factors that are going to significantly impact the company's Q2 results, it said.The company expects volume related disruptions from the Middle East events to cause a loss of $600 million to $800 million to its upstream segment, while other adjustment items, including reserves, other Middle East impacts, and timing effects, are expected to result in losses of $800 million to $1.8 billion.Change in margins is expected to improve earnings of the company's Energy Products segment by $2 billion to $2.4 billion, while estimated timings effect is expected to enhance the segment's earnings by $2.2 billion to $3 billion.Volume related disruptions from the Middle East crisis and changes in scheduled maintenance is expected to cause a $200 million to $400 million negative impact on earnings for the Energy Products segment.In Q1, Exxon Mobil reported adjusted earnings of $6.3 billion from its Upstream segment and $2.8 billion from the Energy Products segment.

$XOM

Commodities74d ago

Exxon Mobil Completes Move to Texas, Changes Corporate Structure

Exxon Mobil (XOM) completed its long-planned reorganization on Wednesday, officially shifting its corporate home to Texas and will begin trading as ExxonMobil Holdings.The US oil major said in a regulatory filing that the "redomiciliation merger," which became effective on July 1, would reorganize its corporate structure by merging with its Texas-based subsidiary, ExxonMobil Holdings.Under the transaction, each Exxon share will be exchanged for a share in the new holding company on a one-for-one basis, and the new stock will begin trading under the existing "XOM" ticker on Thursday.Beyond the corporate shell shift, the energy major said its financial obligations remain largely unchanged.Price: $135.72, Change: $-1.00, Percent Change: -0.73%

$XOM

Wire74d ago

Exxon Mobil to Change Name After Finalizing Redomiciliation to Texas

Exxon Mobil (XOM) has completed its redomiciliation to Texas from New Jersey and will start trading as ExxonMobil Holdings on Thursday, the company said in a Wednesday filing.ExxonMobil Holdings will replace the original entity on the New York Stock Exchange, under the same ticker, the company said.The transaction automatically exchanged each outstanding common share and equity award for one corresponding share or instrument in the new holding company, it added.Price: $136.13, Change: $-0.59, Percent Change: -0.43%

$XOM

Sectors74d ago

Sector Update: Energy Stocks Decline Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The Philadelphia Oil Service Sector Index shed 1.6%, and the Dow Jones US Utilities Index declined 1.3%.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.Front-month West Texas Intermediate crude oil fell 1.8% to $68.26 a barrel, and the global benchmark Brent crude contract dropped 2.3% to $71.25 a barrel. Henry Hub natural gas futures shed 1.6% to $3.22 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 9.3 million barrels in the week ended June 26 following a fall of 15.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.8 million barrels after a 6.1 million barrel decrease in the previous week, a larger decline than the 2.2 million barrel decrease expected in a Bloomberg survey.In corporate news, Sable Offshore (SOC) shares surged 36% after the firm said Wednesday it has priced a combined equity and debt offering to raise capital and refinance borrowings tied to its energy assets. Proceeds will be used to repay a senior secured term loan with Exxon Mobil (XOM), as well as for transaction costs and general corporate purposes, Sable said. Exxon shares were down 0.2%.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Shares were down 2.5%.Equinor (EQNR) has entered into a letter of intent with Transocean (RIG) to charter three Cat D rigs for operations on the Norwegian continental shelf under an agreement valued at about $1 billion, the company said Wednesday. Equinor shares were 0.2% lower, and Transocean was down 0.8%.

$E$EQNR$RIG$SOC$XOM

Sectors74d ago

Sector Update: Energy

$SOC$XOM

Equities74d ago

Sable Offshore Raises Capital via $300 Million Notes and Share Offering to Repay Exxon Loan

Sable Offshore (SOC) said Wednesday that it has priced a combined equity and debt offering to raise new capital and refinance existing borrowings tied to its energy assets.The company said it has priced a public offering of 32.5 million shares at $3.08 each, alongside a $300 million issuance of 6.5% convertible senior notes due 2031. The deals are expected to be completed on Thursday, subject to standard conditions, it added.The convertible notes carry a 6.5% coupon and can be converted into equity at an initial price of about $4 per share, representing a 30% premium to the equity offering price, it said.Proceeds from both offerings will be used primarily to repay a senior secured term loan with Exxon Mobil (XOM), as well as for transaction costs and general corporate purposes, Sable said.

$SOC$XOM

Wire75d ago

Market Chatter: JPMorgan Sees Limited Investor Demand for Sable Loan Offering

JPMorgan Chase (JPM), which is running a stock and note offering from Sable Offshore (SOC), has seen limited investor demand for a loan paying 15%, Bloomberg reported Tuesday, citing people familiar with the matter.Sable shares sold off after the oil driller said earlier Tuesday it would raise $400 million through the combination offering, as it looks to repay debt owed to Exxon Mobil (XOM), the report said.The loan was originally sized at $1 billion but was cut for a second time on Tuesday to $675 million, the report said, citing a separate person.JPMorgan and Sable didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $328.90, Change: $-0.49, Percent Change: -0.15%

$JPM$SOC$XOM

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