Qatar to Quit OPEC: What Does This Mean?
Qatar has been part of the OPEC council since 1961, but the country just announced its intent to leave on Monday. Should the severance move forward, Qatar would leave the cartel on January 1, 2019.
According to Qatar's newly-appointed energy minister, Saad Sherida Al-Kaabi, Qatar’s decision to withdraw from the OPEC council mainly owed to the fact that it wanted to focus its efforts on plans to develop and increase its natural gas production from 77 million tonnes per year to 110 million tonnes in the coming years. However, industry analysts opined that the diplomatic and economic embargo by its Arab neighbors was the main reason behind this step.
So, what does this mean for the OPEC council?
It could be a big setback for OPEC, which currently supplies nearly 44% of the world's crude oil, especially when it has been trying to increase its member count and exercise dominance over the oil market. Left with just 14 members now, the future of the OPEC is now exposed to systematic risk with the exit of Qatar.
Though Qatar's exit was sudden and unexpected, at the end of the day it should not have a significant impact on the oil markets, as Qatar is not a major oil producer when compared to other OPEC members.
Momentum Indicator for XOM turns positive, indicating new upward trend
XOM saw its Momentum Indicator move above the 0 level on September 09, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In 57 of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at 63%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +1.07% 3-day Advance, the price is estimated to grow further. Considering data from situations where XOM advanced for three days, in 234 of 374 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
The Aroon Indicator entered an Uptrend today. In 189 of 312 cases where XOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 61%.
Bearish Trend Analysis
The 10-day RSI Indicator for XOM moved out of overbought territory on August 24, 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 41 similar instances where the indicator moved out of overbought territory. In 24 of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at 59%.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence Histogram (MACD) for XOM turned negative on August 26, 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 49 similar instances when the indicator turned negative. In 26 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 53%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 43%.
XOM broke above its upper Bollinger Band on August 18, 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.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 6 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 27, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 17 (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 Price Growth Rating for this company is 23 (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 Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 61 (best 1 - 100 worst) indicates that the company is fair valued 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 (2.632) is slightly higher than the industry average of (1.973). P/E Ratio (21.363) is within average values for comparable stocks, (17.317). Projected Growth (PEG Ratio) (1.422) is also within normal values, averaging (1.568). Dividend Yield (0.025) settles around the average of (0.038) among similar stocks. P/S Ratio (1.942) is also within normal values, averaging (3.901).
The Tickeron SMR rating for this company is 63 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally 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.
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General Information
a distributer of crude oil, natural gas and petroleum products
Industry IntegratedOil
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