Exxon Mobil stock analysis 2026 | Price, valuation & outlook

Exxon Mobil

NYSE:XOM

$ 116,54

$-0,60 (-0,51%)

116,54 $

$-0,60 (-0,51%)

End-of-day quote: 12/05/2025

Exxon Mobil Stock Value

Analysts currently rate NYSE:XOM as Outperform.

Outperform

Exxon Mobil Company Info

EPS Growth 5Y

28,19%

Market Cap

$494,00 B

Long-Term Debt

$34,63 B

Short Interest

3,60%

Annual earnings

02/06/2026

Dividend

$4,10

Dividend Yield

3,52%

Founded

1870

Industry

Energy

Country

United States

ISIN Number

US30231G1022

Website

https://corporate.exxonmobil.com

Analyst Price Target

$126,00

8.12%

Last Update: 12/05/2025

Analysts: 25

Highest Price Target $156,00

Average Price Target $126,00

Lowest Price Target $105,00

In the last five quarters, Exxon Mobil’s Price Target has fallen from $137,38 to $133,26 - a -3,00% decrease. Twenty Three analysts predict that Exxon Mobil’s share price will increase in the coming year, reaching $126,00. This would represent an increase of 8,12%.

Top growth stocks in the energy sector (5Y.)

What does Exxon Mobil do?

Exxon Mobil Corporation (ExxonMobil) engages in the exploration for, and production of, crude oil and natural gas; manufactures, trades, transports and sells crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. The company's divisions and affiliates have many name...

The company's divisions and affiliates have many names, including ExxonMobil, Exxon, Esso, Mobil or XTO.

On May 3, 2024, the company acquired Pioneer Natural Resources Company (Pioneer), an independent oil and gas exploration and production company. The acquisition transforms ExxonMobil’s upstream portfolio, creating an industry-leading U.S. unconventional inventory position.

ExxonMobil has a long-standing commitment to the development of proprietary technology. The company has a wide array of research programs designed to meet the needs identified in each of its businesses. ExxonMobil held over 8 thousand active patents worldwide as of December 31, 2024.

Syncrude Operations

Syncrude is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen, and then upgrade it to produce a high-quality, light (32 degrees API), sweet, synthetic crude oil. Imperial Oil Limited is the owner of a 25 percent interest in the joint venture. The company has a 69.6 percent interest in Imperial Oil Limited. In 2024, the company’s share of net production of synthetic crude oil was about 62 thousand barrels per day and share of net acreage was about 55 thousand acres in the Athabasca oil sands deposit.

Kearl Operations

Kearl is a joint venture established to recover shallow deposits of oil sands using open-pit mining methods to extract the crude bitumen. Imperial Oil Limited holds a 70.96 percent interest in the joint venture and ExxonMobil Canada Properties holds the other 29.04 percent. The company has a 69.6 percent interest in Imperial Oil Limited and a 100 percent interest in ExxonMobil Canada Properties. Kearl primarily consist of six oil sands leases covering about 49 thousand acres in the Athabasca oil sands deposit.

Kearl is located approximately 40 miles north of Fort McMurray, Alberta, Canada. Bitumen is extracted from oil sands and processed through bitumen extraction and froth treatment trains. The product, a blend of bitumen and diluent, is shipped to the company’s refineries and to other third parties. Diluent is natural gas condensate or other light hydrocarbons added to the crude bitumen to facilitate transportation. During 2024, average net production at Kearl was about 262 thousand barrels per day.

Principal Ongoing Activities

The United States

Net acreage totaled 9.8 million acres as of December 31, 2024 (year-end 2024), of which 0.2 million acres were offshore. ExxonMobil was active in areas onshore and offshore in the lower 48 states and in Alaska. Development activities continued on the Golden Pass LNG export project.

During the year, a total of 544.1 net exploratory and development wells were completed in the inland lower 48 states. Development activities focused on liquids-rich opportunities in the onshore U.S., primarily in the Permian Basin of West Texas and New Mexico. In addition, ExxonMobil completed the acquisition of Pioneer, increasing the Permian Basin acreage and production capacity.

Net acreage in the Gulf totaled 0.1 million acres at year-end 2024.

Canada / Other Americas

Canada

Oil and Gas Operations: Net acreage totaled 3.9 million acres at year-end 2024, of which 2.0 million acres were offshore.

Situ Bitumen Operations: Net acreage totaled 0.5 million onshore acres at year-end 2024.

Argentina

Net acreage totaled 0.1 million onshore acres at year-end 2024. In 2024, ExxonMobil relinquished 2.6 million net offshore acres and sold a portion of its interests in onshore production facilities. The sale of the remaining onshore assets is expected to be completed in early 2025 resulting in a full Upstream operations exit from the country.

Brazil

Net acreage totaled 1.5 million offshore acres at year-end 2024. During the year, ExxonMobil relinquished its interest in 1.0 million net offshore acres spanning 10 blocks outside of the core Bacalhau development. Development activities continued on the Bacalhau Phase 1 project.

Guyana

Net acreage totaled 4.6 million offshore acres at year-end 2024. Development activities continued on the Yellowtail and Uaru projects. The Whiptail project was funded in 2024.

Europe

Germany

Net acreage totaled 1.2 million onshore acres at year-end 2024.

Netherlands

Net interest in licenses totaled 1.3 million acres at year-end 2024, of which 0.3 million acres were offshore. Groningen field permanent closure was codified in the Dutch mining law on April 19, 2024.

The United Kingdom

Net interest in licenses totaled 0.1 million offshore acres at year-end 2024.

Africa

Angola

Net acreage totaled 3 million acres at year-end 2024, of which 2.9 million acres were offshore.

Mozambique

Net acreage totaled 0.1 million offshore acres at year-end 2024 within Area 4. ExxonMobil participated in the co-venturer-operated Coral South Floating LNG, a gross 3.4 million metric tons per year LNG facility.

Nigeria

Net acreage totaled 0.4 million offshore acres at year-end 2024. In December 2024, the company completed a transfer of 100 percent of the shares in its Nigeria affiliate, Mobil Producing Nigeria Unlimited, following the receipt of and compliance with conditions precedent specified in government approvals.

Asia

Azerbaijan

Net acreage totaled 7 thousand offshore acres at year-end 2024.

Indonesia

Net acreage totaled 0.1 million onshore acres at year-end 2024.

Kazakhstan

Net acreage totaled 0.3 million acres at year-end 2024, of which 0.2 million acres were offshore. Development activities continued on the Tengiz Expansion project.

Malaysia

Net interests in production sharing contracts covered 0.2 million offshore acres at year-end 2024.

Qatar

Through joint ventures with QatarEnergy, net acreage totaled 76 thousand offshore acres at year-end 2024. ExxonMobil participated in 52.3 million metric tons per year gross liquefied natural gas capacity and 3.4 billion cubic feet per day of flowing gas capacity at year-end 2024. Development activities continued on the North Field East project and North Field Production Sustainment projects.

Thailand

Net acreage in concessions totaled 16 thousand onshore acres at year-end 2024.

The United Arab Emirates

Net acreage in the Abu Dhabi offshore Upper Zakum oil concession was 0.1 million acres at year-end 2024. Activities continued on the ongoing phased development of the Upper Zakum field.

Australia / Oceania

Australia

Net acreage totaled 1.2 million offshore acres and nine thousand onshore acres at year-end 2024.

The co-venturer-operated Gorgon Jansz liquefied natural gas (LNG) development consists of a subsea infrastructure for offshore production and transportation of the gas, a 15.6 million metric tons per year LNG facility, and a 280 million cubic feet per day domestic gas plant located on Barrow Island, Western Australia. During the year, operations began on the Gorgon Stage 2 project and development activities continued on the Jansz Io Compression project.

Papua New Guinea

Net acreage totaled 1.6 million onshore acres at year-end 2024. The Papua New Guinea (PNG) liquefied natural gas (LNG) integrated development includes gas production and processing facilities in the PNG Highlands, onshore and offshore pipelines, and a 6.9 million metric tons per year LNG facility near Port Moresby.

Worldwide Exploration

Exploration activities were under way in several countries in which ExxonMobil has no established production operations and thus are not included above. Net acreage totaled 15.7 million acres at year-end 2024.

Delivery Commitments

ExxonMobil sells crude oil and natural gas from its producing operations under a variety of contractual obligations, some of which specifies the delivery of a fixed and determinable quantity for periods longer than one year. ExxonMobil also enters into natural gas sales contracts where the source of the natural gas used to fulfil the contract can be a combination of the company’s own production and the spot market. Worldwide, the company is contractually committed to deliver approximately 123 million barrels of oil and 2.8 trillion cubic feet of natural gas for the period from 2025 through 2027.

Research and Development

The company’s research and development expenses totaled $987 million in 2024.

History

Exxon Mobil Corporation was founded in 1870. The company was incorporated in the state of New Jersey in 1882.

Exxon Mobil Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Upstream (Exploration and Production): approx. 55% Downstream (Refining and Marketing): approx. 30% Chemicals: approx. 15% TOP 3 Markets: USA: approx. 45% China: approx. 20% India: approx. 10% Exxon Mobil Corporation generates the majority of its revenues from the Upstream seg...

At which locations are the company’s products manufactured?

Production Sites: USA Canada Latin America Europe Africa Asia-Pacific Middle East Exxon Mobil Corporation is a globally active company with a diversified production base. In the USA and Canada, Exxon Mobil operates numerous oil and gas extraction facilities, including significant projects in Texas...

What strategy does Exxon Mobil pursue for future growth?

Investments in renewable energies: $17 billion by 2027 Expected production growth: 3% annually until 2027 Focus on CO2 reduction: 20% reduction in emissions by 2030 Exxon Mobil is pursuing a strategy that aims to increase traditional oil and gas production while diversifying into renewable energie...

Which raw materials are imported and from which countries?

Main imported raw materials: Crude oil, natural gas Main supplying countries: Canada, Saudi Arabia, Mexico Exxon Mobil Corporation mainly imports crude oil and natural gas to supply its refineries and petrochemical plants. Canada is one of the largest suppliers of crude oil to the USA, including Exx...

How strong is the company’s competitive advantage?

Market share in the energy sector: Approximately 7% (estimated 2025) R&D expenses: Over 1 billion USD annually (estimated 2025) Dividend yield: 4.2% (2025) Exxon Mobil Corporation has a significant competitive advantage based on several factors. Firstly, the company holds a considerable market s...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approx. 55% (2025, estimated based on historical data) Insider Buys/Sells: No significant insider transactions in the last quarter (2025, estimated) The institutional investor share at Exxon Mobil Corporation traditionally exceeds 50%, indicating the confidence of large...

What percentage market share does Exxon Mobil have?

Market share of Exxon Mobil: Estimated 10% in the global oil and gas market (2025) Main competitors and their market shares: Saudi Aramco: Estimated 12% Royal Dutch Shell: Estimated 8% BP: Estimated 7% Chevron: Estimated 6% TotalEnergies: Estimated 5% Exxon Mobil Corporation is one of the leading...

Is Exxon Mobil stock currently a good investment?

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) R&D Investments: 5 billion USD (2024) Exxon Mobil Corporation recorded a revenue growth of 10% in 2024, attributed to strong demand in the energy sector and strategic investments in new technologies. The 8% profit growth indicates that the comp...

Does Exxon Mobil pay a dividend – and how reliable is the payout?

Dividend yield: 3.5% (estimated for 2025) Dividend history: 40 years of continuous payout (as of 2023) Exxon Mobil Corporation is known for its reliable dividend policy. The company has been consistently paying dividends over the past decades and aims to continue this practice. The dividend yield of...

Exxon Mobil Stock Value

Exxon Mobil Company Info

Analyst Price Target

Top growth stocks in the energy sector (5Y.)

What does Exxon Mobil do?

Exxon Mobil Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal