What’s Going On With Exxon Stock on Wednesday?
ExxonMobil shares rise as oil tops $85 amid Strait of Hormuz disruptions, while the energy sector gains about 40% year to date.
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Altria and Philip Morris International enter a contract manufacturing deal to strengthen operating capabilities.
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ExxonMobil shares rise as oil tops $85 amid Strait of Hormuz disruptions, while the energy sector gains about 40% year to date.
Occidental Petroleum reports Q2 updates, netting $96.78/bbl worldwide average oil prices ahead of its Aug 5 earnings catalyst.
Analysts highlight high-yield consumer staples Altria (6.59%), Clorox (6.22%) and General Mills (7.62%), with mixed ratings and targets.
Among three Dividend Kings—Coca-Cola, PepsiCo, and Altria—analyst recommends buying Coca-Cola and Altria while avoiding PepsiCo. Coca-Cola's asset-light model and diversification provide reliable income, while Altria's expansion into smoke-free products offers growth potential. PepsiCo's asset-heavy beverage business and struggling packaged foods segment face more significant near-term challenges despite attractive valuation.
– Reuters cites India Ministry of Health and Family Welfare letter
https://www.wsj.com/politics/policy/u-s-regulators-plan-major-move-to-speed-authorizations-of-vapes-tobacco-pouches-67af591b