Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting Exxon Mobil's earnings outlook. Applying the Graham Number, Exxon Mobil's intrinsic value ranges from $103 to $134 per share, depending on EPS scenarios. Exxon Mobil's strong balance sheet and Dividend Aristocrat status provide downside protection and income stability for investors.
XOM's upstream profits face pressure from falling oil prices, but its low Permian breakeven costs offer a key buffer.
Exxon Mobil (XOM) reachead $107.22 at the closing of the latest trading day, reflecting a +2.14% change compared to its last close.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
XOM trades at a premium valuation despite soft oil prices, chemical oversupply and falling earnings estimates.
XOM signs new deal with SOCAR to explore Azerbaijan's untapped onshore oil, eyeing unconventional reserves for growth.
XOM and partners raked in $10.4B from Guyana in 2024 as output rose and the basin tightened under their control.
XOM aims to cut its oil breakeven to $35 by 2027 and $30 by 2030, boosting resilience even in low-price markets.
Exxon Mobil remains highly profitable and resilient, even as oil prices slide, thanks to its advantaged portfolio and cost optimization initiatives. Long-term energy demand, especially from data centers, supports a bullish outlook for Exxon Mobil, with oil and gas staying vital through 2050. The company is positioned for continued earnings and dividend growth, with a moderate valuation and less downside risk than upstream-only peers.
The profit of a consortium by oil producers Exxon Mobil , Hess and CNOOC in Guyana increased 64% last year to $10.4 billion, Exxon said on Tuesday.
The Trump administration pulls $332 million in funding from ExxonMobil's Baytown project, intended to cut down emissions from the facility.
This is a contrarian buying opportunity, as history shows recovery cycles nearly always happen. Current oil prices are too low to incentivize new drilling. Exxon Mobil is positioning for the next upcycle by focusing on low-cost, highly profitable projects, especially in Guyana.