XOM leans on a low-debt balance sheet to keep funding projects and dividends, and hunt deals, even as oil and gas prices swing.
The oil company claims Glass Lewis and ISS have little incentive to support proposals tied to Texas because of a continuing legal battle with state Attorney General Ken Paxton.
ISS and Glass Lewis join New York City in trying to stop Exxon from moving to Texas.
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 stands to benefit as WTI tops $100, with Permian tech lifting recoveries and Guyana output supporting exploration and production earnings.
Last Friday, Exxon Mobil Corporation XOM announced first-quarter 2026 earnings that surpassed expectations, thanks to contributions from advantageous assets such as Permian and Guyana. Structural cost savings also contributed to the positive developments.
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.
Although the revenue and EPS for Exxon (XOM) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
ExxonMobil (NYSE: XOM | XOM Price Prediction) opened the energy sector's earnings season with a sharp upside surprise on profitability, even as headline GAAP figures were dragged lower by derivative timing effects and Middle East supply disruptions.
Exxon Mobil maintains a strong earnings growth profile amid Middle East turmoil, with Q1 results beating EPS expectations and robust production increases driven by the firm's Permian investment. XOM's Permian production surged 17% year-over-year in Q1 to 1.7 MBOED, and Guyana operations reached record output, supporting long-term free cash flow growth. Management highlights a potential Strait of Hormuz closure as a significant near-term earnings catalyst, tightening global oil supply and supporting high prices.
Exxon Mobil is effectively mitigating Middle East disruptions through a diversified global project pipeline. Replacement projects, such as LNG in Papua New Guinea and Golden Pass in the U.S., are advancing and offsetting potential regional losses. Upstream production rose 8% (before disruptions) year-over-year, driven by advantaged assets in the Permian and Guyana.
XOM beats Q1 EPS and revenue estimates on higher upstream output despite timing effects and Middle East disruptions.