How Renewable Energy Can Help Exxon (XOM) Produce Crude Oil
Exxon entered a 12-year agreement with Denmark’s Orsted A/S to buy 500 megawatts of wind and solar power in the Permian Basin, in-line with the company’s strategy to use renewable energy to produce oil in West Texas.
Although the terms of the contract are yet to be disclosed, according to Bloomberg NEF it is the largest ever renewable power contract signed by an oil company in the fastest growing U.S. oil field.
As per the company’s investor presentation, 50% of the power that Exxon will buy would come from the Sage Draw wind farm, which Orsted plans to get operational in 2020. The other 50% would come from the Permian Solar farm, scheduled to be operational in 2021.
Exxon, which has for some time now been criticized for downplaying the risks of climate change, has finally turned to clean energy as it also becomes cheaper. The company has been looking for renewable energy under long-term contracts since August, since the production boom in the region has grown so fast that infrastructure including pipelines and power plants have struggled to keep pace.
XOM in +3.65% Uptrend, advancing for three consecutive days on March 12, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where XOM advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where XOM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 11, 2026. You may want to consider a long position or call options on XOM as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 294 cases where XOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for XOM moved out of overbought territory on February 12, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for XOM turned negative on February 17, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XOM broke above its upper Bollinger Band on February 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 46, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. XOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: XOM's P/B Ratio (2.435) is slightly higher than the industry average of (1.515). P/E Ratio (22.624) is within average values for comparable stocks, (123.619). Projected Growth (PEG Ratio) (1.979) is also within normal values, averaging (2.120). Dividend Yield (0.027) settles around the average of (0.060) among similar stocks. P/S Ratio (2.015) is also within normal values, averaging (1.133).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a distributer of crude oil, natural gas and petroleum products
Industry IntegratedOil
Advertisement