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Exxon Mobil (XOM) to Foray into the Mexican Fuel Market
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Energy giant Exxon Mobil Corporation (XOM - Free Report) recently announced its intention to enter the retail fuel market of Mexico. To this end, the company is likely to spend almost $300 million over the next 10 years.
The integrated energy company is anticipated to launch its first fuel service station in central Mexico, under the brand name ‘Mobil’, in the second half of 2017. With this development, motorists in the country will now be able to avail Exxon Mobil’s high-grade Synergy gasoline and diesel fuels.
The event signifies the opening of Mexico’s closed retail sales market after Pemex lost its monopoly following the reforms in 2013. Investors should know that Exxon Mobil is expected to become the second foreign company to foray into the Mexican fuel market after BP Plc (BP - Free Report) , which launched its first station in the country this March. According to media releases, Royal Dutch Shell plc too is likely to enter the country in 2017.
We appreciate Exxon Mobil’s business move as Mexico is the second-largest economy in Latin America and its gasoline market is the fourth largest in the world.
Irving, TX-based Exxon Mobil is the world’s largest publicly traded oil company with upstream, midstream and downstream operations. The company’s earnings surprise history is impressive. It surpassed the Zacks Consensus Estimate in three of the last four quarters with an average positive earnings surprise of 1.46%.
However, Exxon Mobil’s price chart shows significant weaknesses. Year-to-date, the company’s stock lost 9.1% as against only 4% decline for the Zacks categorized Oil & Gas-International Integrated industry.
As a result, the company carries a Zacks Rank #3 (Hold).
We expect year-over-year earnings growth for Canadian Natural to be 720% for the current year.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Exxon Mobil (XOM) to Foray into the Mexican Fuel Market
Energy giant Exxon Mobil Corporation (XOM - Free Report) recently announced its intention to enter the retail fuel market of Mexico. To this end, the company is likely to spend almost $300 million over the next 10 years.
The integrated energy company is anticipated to launch its first fuel service station in central Mexico, under the brand name ‘Mobil’, in the second half of 2017. With this development, motorists in the country will now be able to avail Exxon Mobil’s high-grade Synergy gasoline and diesel fuels.
The event signifies the opening of Mexico’s closed retail sales market after Pemex lost its monopoly following the reforms in 2013. Investors should know that Exxon Mobil is expected to become the second foreign company to foray into the Mexican fuel market after BP Plc (BP - Free Report) , which launched its first station in the country this March. According to media releases, Royal Dutch Shell plc too is likely to enter the country in 2017.
We appreciate Exxon Mobil’s business move as Mexico is the second-largest economy in Latin America and its gasoline market is the fourth largest in the world.
Irving, TX-based Exxon Mobil is the world’s largest publicly traded oil company with upstream, midstream and downstream operations. The company’s earnings surprise history is impressive. It surpassed the Zacks Consensus Estimate in three of the last four quarters with an average positive earnings surprise of 1.46%.
However, Exxon Mobil’s price chart shows significant weaknesses. Year-to-date, the company’s stock lost 9.1% as against only 4% decline for the Zacks categorized Oil & Gas-International Integrated industry.
As a result, the company carries a Zacks Rank #3 (Hold).
A better-ranked player in the energy sector is Canadian Natural Resources Limited (CNQ - Free Report) . Canadian Natural sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
We expect year-over-year earnings growth for Canadian Natural to be 720% for the current year.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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