Exxon Mobil Corporation (XOM) Q4 2025 Earnings Call Transcript
Exxon Mobil remains a Strong Buy, driven by robust execution in Guyana, Permian, and strategic downstream/chemical expansions. XOM's transition to a high-margin manufacturing model, with advantaged assets and low-cost supply, underpins its premium valuation and resilient FCF. Ambitious 2030 targets include $25B earnings growth, $20B annual cost savings, >17% ROCE, and $145B cumulative surplus cash flow under $65 Brent.
Exxon Mobil Corp (NYSE:XOM, XETRA:XONA) beat quarterly profit expectations on Friday as higher oil and gas production and improving refining margins helped offset the impact of lower crude prices. The US oil major reported adjusted earnings of $1.71 per share, topping analysts' expectations by $0.02.
Exxon Mobil (XOM) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.67 per share a year ago.
Shares are at record highs even as analysts trim profit forecasts, putting pressure on Exxon to show how it will deliver long-term growth.
XOM gears up for Q4 results as softer crude prices pressure upstream earnings, while refining gains and long-term assets shape the outlook.
Exxon Mobil is proving that energy scarcity is no longer about supply. Even with rising oil and gas inventories, Exxon continues to generate surplus cash because the real bottleneck has shifted to infrastructure, logistics, and energy security. Capital is now flowing toward grids, LNG, refining, and resilience rather than pure volume growth — a structural shift that favors vertically integrated incumbents over marginal producers.
ExxonMobil plans to expand carbon capture along the U.S. Gulf Coast, launch Texas and Louisiana projects in 2026, and weigh a low-carbon data center.
ExxonMobil stock has climbed more than 10% since the start of 2026, largely fueled by early January speculation that geopolitical shifts could allow U.S. oil majors to regain access to Venezuela's extensive crude reserves.
Exxon Mobil (XOM) is downgraded from 'Buy' to 'Hold' ahead of Q4 2025 earnings due to stretched valuation and limited near-term upside. XOM's business model transformation—emphasizing molecule management, carbon capture, and lithium—supports long-term de-risking and margin expansion. Despite strong operational progress, lower crude prices and minimal Q4 estimate revisions heighten near-term risk for XOM's stock price.
Exxon (XOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
XOM weathers crude near $60 by leaning on its integrated model, refining gains and balance sheet strength despite upstream earnings exposure.