
Exxon Mobil (XOM) Stock Forecast & Price Target
Exxon Mobil (XOM) Analyst Ratings
Bulls say
Exxon Mobil's strong performance in 2024 is underscored by significant production metrics, including 3.0 million barrels of liquids and 8.1 billion cubic feet of natural gas per day, alongside proven reserves of 19.9 billion barrels of oil equivalent, with a substantial 69% in liquids. As one of the largest refiners globally, ExxonMobil boasts a refining capacity of 4.3 million barrels of oil per day, complemented by its extensive involvement in commodity and specialty chemicals manufacturing. Furthermore, the company's stability is highlighted by its commitment to maintaining a $20 billion buyback run-rate amidst industry challenges, reflecting a solid balance sheet and continued focus on returning value to shareholders.
Bears say
Exxon Mobil is facing a negative outlook primarily due to declining refining margins and challenging chemical margins within a tough economic environment, which may lead to moderated earnings momentum. Expectations for upstream earnings have also decreased, with revised estimates predicting earnings of $1.3 billion, down from a prior estimate of $1.6 billion. Additionally, potential downside risks are highlighted, including a scenario with Brent crude prices at $40 per barrel in 2026, which could exacerbate earnings weakness across its energy products and downstream operations.
This aggregate rating is based on analysts' research of Exxon Mobil and is not a guaranteed prediction by Public.com or investment advice.
Exxon Mobil (XOM) Analyst Forecast & Price Prediction
Start investing in Exxon Mobil (XOM)
Order type
Buy in
Order amount
Est. shares
0 shares