
Exxon Mobil (XOM) Stock Forecast & Price Target
Exxon Mobil (XOM) Analyst Ratings
Bulls say
ExxonMobil maintains a robust upstream portfolio, focusing on high-return projects, which positions the company for increased unit earnings over time. The company has recently upgraded its recoverable resource estimate in the Permian Basin and reported enhancements in capital efficiency, including a more than 150% improvement in recovery and significant reductions in drilling costs. Additionally, ExxonMobil has revised its synergy guidance related to the Pioneer Natural Resources acquisition by over 50%, signaling strong integration progress and further opportunities for value generation.
Bears say
ExxonMobil is currently facing significant challenges that contribute to a negative outlook for its stock, primarily due to declining refining margins and ongoing difficulties in chemicals margins amidst a weakening economic environment. The company’s projections for the future highlight vulnerabilities, particularly with expectations of lower revenues in a potential recession scenario, as well as uncertainties in global oil and gas pricing. Additionally, ongoing capital projects may pose further risks; delays or budget overruns could negatively impact ExxonMobil's financial performance, creating skepticism among investors regarding the company's ability to deliver consistent returns.
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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