Campbell & Co Buys $1.71M Exxon Mobil Stake; Vanguard Adds 1.11M Shares
Campbell & CO Investment Adviser LLC acquired 15,166 Exxon Mobil shares worth approximately $1.71 million in the third quarter per its SEC filing. Vanguard Group added 1,111,231 shares to own 431,058,875 shares valued at $46.47 billion, while Geode Capital and Bank of New York Mellon also increased holdings.
1. ExxonMobil Awards Major Seismic Survey Contract
ExxonMobil has engaged Shearwater Geoservices to conduct a high-resolution 3D deepwater seismic survey offshore Trinidad and Tobago. The programme spans approximately 10,000 square kilometres of frontier acreage in water depths ranging from 1,200 to 2,500 metres. Data acquisition is scheduled to begin in the second quarter and will support detailed subsurface mapping ahead of planned drilling campaigns in 2027 and beyond. This investment underscores ExxonMobil’s commitment to replenishing its exploration pipeline with ultra‐low-cost, high-potential prospects.
2. Continued Shareholder Payouts Fueled by Strong Cash Flow
Despite recent oil price volatility, ExxonMobil increased its quarterly dividend to $1.03 per share, marking a 4 percent rise year-over-year and delivering a 3.2 percent yield based on its latest payout level. The company has raised its dividend for 41 consecutive years and has authorized $30 billion in share repurchases through 2026. In the third quarter, free cash flow exceeded $10 billion, enabling both capital investment in deepwater exploration and sustained capital returns to investors.
3. Institutional Investors Ramp Up Stakes
In the third quarter, Campbell & CO Investment Adviser LLC initiated a position in ExxonMobil, acquiring 15,166 shares valued at roughly $1.71 million. Meanwhile, Vanguard Group expanded its holdings by 1,111,231 shares to a total of 431,058,875 shares—valued at $46.5 billion—while Geode Capital Management increased its stake by 0.4 percent to 96,307,931 shares, valued at $10.3 billion. Collectively, institutional investors now hold nearly 62 percent of the company’s outstanding equity, reflecting broad confidence in ExxonMobil’s asset quality and cash‐flow resilience.