ExxonMobil expands its Papua New Guinea natural gas operations. XOM's recent increased stake and operatorship in Papua New Guinea position it to benefit from premium natural gas pricing in Asian markets. The Guyana Project now has a fifth FPSO nearing first oil. Contract resets potentially support ongoing exploration cost recovery.
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The U.S. oil major is negotiating a potential return to the Latin American country 19 years after its exit.
XOM is expanding low-cost production in Guyana and the Permian Basin, targeting 5.5 MMBoe/d of upstream output by 2030 as advantaged assets grow.
In the most recent trading session, Exxon Mobil Holdings (XOM) closed at $169.08, indicating a +2.42% shift from the previous trading day.
Exxon Mobil's 264,000-barrel-per-day (bpd) refinery in Joliet, Illinois, experienced a power outage on Sunday afternoon, the company said on Monday.
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's premium valuation contrasts with strong oil prices, low-cost upstream assets, a solid balance sheet and 43 years of dividend hikes.
Exxon Mobil Holdings (XOM) reached $164.23 at the closing of the latest trading day, reflecting a +2.22% change compared to its last close.
ExxonMobil (NYSE:XOM | XOM Price Prediction) stock is climbing Wednesday afternoon, extending a strong year for U.S. oil majors. ExxonMobil shares are up 3% in the current session to $164.83, carrying a 40% year-to-date gain.
ExxonMobil delivered robust Q2 2026 results, with earnings more than doubling and free cash flow reaching $17.2 billion despite Middle East disruptions. XOM's integrated model, Guyana and Permian growth, and global trading offset significant volume losses, validating its resilience amid geopolitical shocks. The investment case hinges on sustained Middle East conflict; the current valuation reflects most upside, with only a 6–7% potential unless war premiums persist.
ExxonMobil maintains a buy rating, supported by strong free cash flow, disciplined capex, and attractive valuation. Q2 saw record upstream output, $18.9B free cash flow, and $5.1B in buybacks, offsetting mixed earnings and refining weakness. Management targets $25B earnings and $35B cash flow growth by 2030, with advantaged assets driving production to 5.5M boe/d.