ExxonMobil to Release Second Quarter 2025 Financial Results
Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer; and Jim Chapman, Vice President, Treasurer and Investor Relations, will review the results during a live conference call at 8:30 a.m. CT. The presentation will be accessible via webcast or by calling (888) 572-7032 (Toll-free) or (720) 543-0311 (Local). Please reference passcode 5856356 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at investor.exxonmobil.com.
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14 minutes ago
- Globe and Mail
Prediction: This Unstoppable Stock Will Join Nvidia, Microsoft, and Apple in the $3 Trillion Club Before 2029
Key Points Artificial intelligence (AI) is helping Meta Platforms unlock greater efficiency. The company's digital advertising business is benefiting from these next-generation algorithms. Meta has other potential growth drivers that could fuel the next phase of its growth. 10 stocks we like better than Meta Platforms › There's been an undeniable shift over the past 20 years. During that time, technology companies have climbed the ranks of the world's most valuable companies, which was once the exclusive domain of industrial and energy concerns. For example, in 2005, ExxonMobil and General Electric were top of the class when measured by market cap, valued at $375 billion and $362 billion, respectively. Two decades later, it's the world's technology bellwethers that lead the pack. Topping the charts are three of tech's most recognizable names, which need little introduction. Artificial intelligence (AI) chipmaker Nvidia currently leads the pack at $4.3 trillion (as of this writing), with its stock recently hitting new all-time highs. Software giant Microsoft also notched a new record this week, cracking the $4 trillion mark. Rounding out the top three is iPhone maker Apple, with a market value of $3.1 trillion. With a market cap of $1.9 trillion, it might seem premature to suggest that Meta Platforms (NASDAQ: META) has been earmarked for admission in the $3 trillion club. However, the company's recent performance has been exemplary, and the stock has soared 33% so far this year (as of this writing), following 65% gains in 2024. Its winning streak appears poised to continue. The ever-increasing reach of its social media platform, ongoing leverage of digital advertising, and novel strategy for leveraging AI could combine to help Meta earn its membership in this exclusive fraternity. A digital advertising powerhouse The dawn of generative AI in late 2022 marked a pivotal point in the evolution of technology, and companies that were able to capitalize on that opportunity have reaped the rewards. Meta had already established expertise in the use of algorithms to advance its business, and generative AI took that to the next level. The company not only uses AI to surface more relevant content on its social media platforms but also provides a suite of AI-powered tools to assist merchants who use its digital advertising services. The results have been profound. In the second quarter, Meta's revenue of $47.5 billion jumped 22% year over year, driving diluted earnings per share (EPS) of $7.14 up 38%. CEO Mark Zuckerberg revealed that AI is "unlocking greater efficiency and gains across our ads system ... [driving] roughly 5% more ad conversions on Instagram and 3% on Facebook." He went on to say that "AI is significantly improving our ability to show people content that they're going to find interesting and useful." Meta's consistent user growth continues to fuel its success, as those who used one of Meta's family of social media platforms -- Facebook, Instagram, WhatsApp, or Threads -- increased 6% year over year to 3.48 billion, so its reach is unrivaled. This captive audience forms the basis of the company's digital advertising success, making it part of a triumvirate in the space. Alphabet 's Google controlled an estimated 26% of the U.S. digital advertising market in 2024, while Meta gained ground with 21%, and Amazon took 14%, according to data compiled by business intelligence platform eMarketer. Meta's digital marketing is inseparable from its social media platforms, fueling its inexorable rise. The AI wildcard As the world's largest cloud infrastructure operators, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have a target market for their AI services, a luxury Meta doesn't have. To capitalize on the opportunity, the company tapped its treasure trove of data and trained a suite of homegrown, open-source, industry-favorite large language models (LLMs). The group, dubbed LLaMA (large language model Meta AI), is available via all the major cloud platforms and powers the Meta AI chatbot. Meta isn't stopping there. The company has recently been on a hiring spree, reportedly spending billions of dollars to assemble the top talent in the field of AI to develop the first "personal superintelligence." Meta has expanded beyond its social media roots into virtual reality (VR) and the metaverse, with AI being the company's latest area of interest. 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Globe and Mail
an hour ago
- Globe and Mail
Canadian hockey brand pulls product line that faced criticism for demeaning women
A Canadian hockey brand has pulled controversial clothing from its online store after a line of T-shirts and hoodies it sold was criticized for demeaning women and girls as sex objects. HockeyBenders, a company that has become popular in rinks across the country and boasts a large following of kids and teenagers online, sold $35 T-shirts with the slogan 'Barduzz, Gettin Huzz,' which it has pulled. Loosely translated from locker-room slang, it means, 'Scoring goals, getting hoes.' A hoodie version, available in children's sizes, was also taken down after a Globe and Mail article that examined misogynistic attitudes within the game, particularly at the teenage levels. The company, which tours arenas and shopping malls around Canada, attracting crowds of cheering kids and interviewing groups of teens in clips posted to the internet, came under fire for slogans on its clothing and in marketing videos. Katherine Henderson, the CEO of Hockey Canada, recently called the shirts 'disgusting,' while Andrea DeKeseredy, a former sexual-assault counsellor who studies gender violence, said the slogans point to a broader problem of misogynistic attitudes in minor hockey that are not being questioned. HockeyBenders founder Cole Lequier, 25, could not be reached for comment about the company's decision to drop the products from its website. Ms. DeKeseredy called the removal of the clothing from the HockeyBenders retail website a start to addressing what she sees as a bigger problem. 'I think taking the shirt down is a great first step, and I give them credit for doing so. I am hopeful this is due to some deep reflection on the influence they have over children as opposed to a decision made solely to protect their business interests, especially in relation to the large retail stores across Canada that carry their clothing,' Ms. DeKeseredy said. She is alarmed that a brand producing T-shirts and videos with messages that degrade women grew popular at the same time the Hockey Canada scandal and its allegations of group sexual assault by former world junior players loomed over the game. Two weeks ago, five players − Michael McLeod, Carter Hart, Alex Formenton, Dillon Dubé and Cal Foote − were found not guilty of sexual assault. Mr. McLeod was also found not guilty of a second charge of being party to sexual assault. The National Hockey League called the behaviour of the players 'unacceptable,' despite the judge's decision. 'For many Canadians, regardless of the outcome of the trial, this has become an opportunity to think about the ways hockey culture shapes the kids who play it,' Ms. DeKeseredy said. 'That extends to HockeyBenders who have a huge platform that could be used to help create some positive changes as we move forward. I hope they continue to sincerely listen.' Ms. Henderson, named Hockey Canada CEO in 2023, wants to confront such attitudes in the game. Cathal Kelly: NHL delivers a lesson after the Hockey Canada verdict: Be nice, or else 'While Hockey Canada continues our efforts to address issues in hockey culture, any merchandise targeted towards young hockey participants that promotes negative messages about girls and women reminds us that we all still have significant work ahead of us,' Ms. Henderson said. Mr. Lequier started the business from his parents' home in Barrie, Ont., trademarking it in 2023. In a recent Instagram post, he said the company has sold more than 100,000 hoodies (including versions with innocuous slogans that don't mention women). The brand is in 150 retail stores, and has more than two million followers on social media. HockeyBenders responded to previous inquiries from The Globe with an unsigned e-mail that said the men behind the company believe the humour is all in good fun: 'The boys are two hardworking young hockey entrepreneurs and make videos for people to enjoy and laugh that's it. And like to keep everything they do positive. They like to stay in their own lane with their fans and followers!' the e-mail said, verbatim. On Instagram, Mr. Lequier described the void he believes HockeyBenders fills in the game. 'I felt like, growing up, there wasn't many hockey clothing brands that had relatable slogans and sayings for hockey players,' Mr. Lequier said. 'So, I saw a huge, huge gap in the market.' HockeyBenders regularly interviews teen hockey players in rink lobbies about the game, and often about women, and posts those clips to TikTok and other online platforms, which drive popularity and profit for the brand. They are asked their preferences in girls, and 'how many blondes' and 'how many puck bunnies' they connect with on social media. Here's everything you need to know about the Hockey Canada sexual-assault trial In one video, a player claiming 100 such girls was dubbed 'lover boy.' Another player, with just a few, was praised as a 'quality over quantity guy.' Mr. Lequier did not respond to questions about whether HockeyBenders obtains parental consent before interviewing young players and posting clips online. The criticism of the HockeyBenders clothing and videos echoes a similar controversy in the early 2000s, when a website known as the Junior Hockey Bible, laced with misogynistic language, went viral in Canada. It offered a lengthy glossary of hockey terms for women, calling them 'swamp donkeys' and 'puck sluts.' It advocated team group sex and players letting their teammates watch, adding, 'Many true team players will let their girlfriends be watched.' The site, which was a marketing venture designed to promote a hockey clothing brand known as Gongshow Gear, gave tips on 'tag-teaming your local puck bunny' and advice for those girls: 'You have a job to do in the bedroom, concentrate your efforts on that role.' When Gongshow's founders were confronted about the site in 2004, they took it down and issued a public apology. The Junior Hockey Bible has since been scrubbed from the internet. Reached by The Globe recently, Gongshow Gear declined to comment.
