Exxon Mobil Corp (NYSE:XOM, XETRA:XONA) updated its second quarter 2026 earnings considerations after the market close on Tuesday, prompting UBS to slightly lower its earnings estimate while noting stronger quarter-over-quarter performance across the company's major business segments. Following the filing, UBS reduced its second quarter earnings per share estimate to about $3.14 from its prior forecast of $3.20.
Exxon (XOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Persistent Middle East tensions support elevated commodity prices. Exxon Mobil's profitability strategy emphasizes cost savings and advantaged asset development to boost earnings at various pricing levels. Higher-than-expected commodity prices in Q2 could generate surplus cash.
XOM's Permian strength, sturdy balance sheet and dividend record support its case, but softer oil prices and premium valuation call for caution.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
ExxonMobil and QatarEnergy's Declaration of Marketability with Cyprus marks a key milestone for Glaucus and Pegasus, advancing the fields toward development.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
ExxonMobil Corporation has declined 13% in three months, aligning with my prior hold rating due to valuation and oil price volatility. XOM is approaching oversold territory, presenting renewed buying opportunities as its valuation becomes more attractive. Strong fundamentals and overlooked market opportunities underpin XOM's resilience despite recent price weakness.
Exxon Mobil Corporation is upgraded to Buy as oil inventories hit multi-decade lows in both the US and globally. The U.S. strategic petroleum reserve is now lower than the bottom level observed during the COVID pandemic. I expect the refilling of the inventory to start in the near 1–2 years and to catalyze an oil price rebound.
Oil & gas stock Exxon Mobil Corp (NYSE:XOM) hit a record high of $176.40 on March 30.
Exxon Mobil maintains a "Buy" rating with a $170 price target, supported by strong profitability and cash flow despite recent oil price declines. Q1 results showed resilient operational execution, with $4.2 billion in GAAP earnings, $8.7 billion in cash flow from operations, and disciplined capex at $6.2 billion. XOM's valuation remains attractive with a low PEG ratio and a 17x P/E multiple, though EPS estimates may normalize as oil prices stabilize.
In the latest trading session, Exxon Mobil (XOM) closed at $136.9, marking a -2.03% move from the previous day.