
Exxon Mobil (XOM) Stock Forecast & Price Target
Exxon Mobil (XOM) Analyst Ratings
Bulls say
ExxonMobil demonstrated robust production capabilities in 2024, with output reaching 3.0 million barrels of liquids and 8.1 billion cubic feet of natural gas per day, alongside total reserves of 19.9 billion barrels of oil equivalent, predominantly focused on liquids. The company remains a leading player in global refining, maintaining a capacity of 4.3 million barrels per day, and is a significant manufacturer in both commodity and specialty chemicals. Additionally, the firm upheld a substantial $20 billion buyback run-rate, showcasing its strong balance sheet position, despite some challenges in corporate costs that did not undermine the overall positive outlook for earnings potential.
Bears say
ExxonMobil faces a negative outlook primarily due to declining refining margins and ongoing challenges in the chemicals segment, leading to a reduction in earnings estimates from $1.6 billion to $1.3 billion. The company's upstream earnings are anticipated to decrease to $5.0 billion, compounded by a weaker economic backdrop impacting operational performance. Furthermore, significant risks are associated with potential declines in global oil and gas prices, with a downside scenario suggesting earnings could drop significantly, reflecting recession-level performance in downstream operations akin to the downturns experienced in 2008-2009.
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
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