GET DAILY SIGNALSU.S. Tops Russia to Become the World’s Biggest Oil Producer
According to the monthly report issued by the U.S. Energy Information Administration (EIA), the U.S.’s total output for the month of August stood at record 11.346 million barrels a day compared to Russia’s 11.21 million. With these figures the U.S. now surpasses Russia to claim the title of world’s top oil producer, with the largest year-on-year output increase in U.S. history.
U.S. oil supply in August increased by 2.1 million barrels. According to the EIA, it’s the largest recorded increase in data since 1920. A 48% rally in oil prices in recent months saw the oil companies of Texas, Colorado and other states pump up their shale drilling to boost production. The U.S. Gulf of Mexico clocked record production during the month, as did New Mexico, which has benefited from massive growth in the Permian Basin.
For the U.S., the title of world’s biggest oil producer was extremely short-lived however, as Russia regained the title in September by producing 11.37 million barrels a day. With pledge to pump in more oil to offset declines in Venezuela and plug any supply shortfalls from U.S. sanctions on Iran, Russia is expected to hold the top spot for some time.
Although production has slowed a little in recent times as U.S. drillers wait for new pipelines to come up in the Permian Basin in 2019 and 2020, the industry expects the nation’s output to reach ~16.5 million barrels a day by 2030 -- even if oil is at $55 a barrel.
Perhaps as a result of the production boom, oil capped its worst month in October in more than two years, falling 1.3% in New York Wednesday to $65.31 a barrel.
XOM in +2.88% Uptrend, advancing for three consecutive days on October 23, 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 231 of 372 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 01, 2026. You may want to consider a long position or call options on XOM as a result. In 55 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 60%.
The Moving Average Convergence Divergence (MACD) for XOM just turned positive on October 06, 2026. Looking at past instances where XOM's MACD turned positive, the stock continued to rise in 30 of 50 cases over the following month. The odds of a continued upward trend are 60%.
The Aroon Indicator entered an Uptrend today. In 192 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 62%.
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 44%.
XOM broke above its upper Bollinger Band on October 08, 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 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 25, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 8 (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 11 (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 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 SMR rating for this company is 62 (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.
The Tickeron Valuation Rating of 85 (best 1 - 100 worst) indicates that the company is significantly 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 (2.904) is slightly higher than the industry average of (1.727). XOM has a moderately high P/E Ratio (23.579) as compared to the industry average of (11.610). Projected Growth (PEG Ratio) (1.392) is also within normal values, averaging (1.088). Dividend Yield (0.022) settles around the average of (0.045) among similar stocks. P/S Ratio (1.911) is also within normal values, averaging (3.764).
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General Information
a distributer of crude oil, natural gas and petroleum products
Industry IntegratedOil
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