Analysts Offer Predictions for ExxonMobil FY2026 Earnings

Key Points

• FY2026 earnings forecast trails consensus: Erste Group Bank projects ExxonMobil earnings of $11.60 per share, below the broader consensus estimate of $11.93.
• Analyst sentiment remains mixed: ExxonMobil has a consensus “Hold” rating and an average price target of $167.45, despite several firms maintaining Buy or Overweight ratings and recently adjusting their targets.
• Dividend and operating profile remain supportive: ExxonMobil recently paid a quarterly dividend of $1.03, equivalent to a 2.5% yield, while elevated oil prices and a new Angola discovery could benefit future production and cash flow.

ExxonMobil Corporation (NYSE:XOM - Free Report) - Research analysts at Erste Group Bank issued their FY2026 earnings per share estimates for shares of ExxonMobil in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel forecasts that the oil and gas company will post earnings per share of $11.60 for the year. The consensus estimate for ExxonMobil's current full-year earnings is $11.93 per share.

Several other research firms have also recently weighed in on XOM. Barclays cut their price target on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. HSBC set a $158.00 target price on shares of ExxonMobil in a research report on Monday, August 3rd. UBS Group reaffirmed a "buy" rating on shares of ExxonMobil in a research note on Tuesday, September 8th. Piper Sandler boosted their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. Finally, TD Cowen increased their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $167.45.

ExxonMobil Stock Performance

Shares of XOM stock opened at $166.11 on Monday. The company has a market capitalization of $688.50 billion, a P/E ratio of 21.38, a PEG ratio of 1.02 and a beta of 0.18. ExxonMobil has a fifty-two week low of $110.39 and a fifty-two week high of $176.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a 50 day moving average price of $155.64 and a two-hundred day moving average price of $152.78.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the company earned $1.64 EPS.

Institutional Trading of ExxonMobil

Large investors have recently added to or reduced their stakes in the business. Eagle Capital Management LLC lifted its stake in shares of ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in ExxonMobil in the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC boosted its stake in ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock worth $1,211,000 after purchasing an additional 207 shares during the period. United Bank boosted its stake in ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock worth $2,352,000 after purchasing an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. grew its holdings in ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock valued at $3,957,000 after buying an additional 5,443 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Angola discovery strengthens production outlook. ExxonMobil’s Vicango East-01 well encountered 82 feet of hydrocarbon-bearing sandstone in offshore Angola’s Block 15. It is the company’s 20th discovery in the block over three decades, which has already produced roughly 2.7 billion barrels. The discovery could add low-cost resources and support management’s goal of achieving a 17% return on capital employed by 2030. ExxonMobil Finds More Hydrocarbons in Angola's Offshore Block 15
• Positive Sentiment: High oil prices improve cash-flow potential. Brent crude recently moved above $105 per barrel, creating a favorable earnings environment for ExxonMobil’s upstream operations. The company’s low-cost assets are particularly attractive when prices remain elevated. ExxonMobil Discovery and XOM Stock Outlook
• Positive Sentiment: Dividend and financial-quality appeal remains supportive. ExxonMobil is being highlighted alongside other Dividend Aristocrats because of its long record of dividend increases, strong balance sheet and exposure to favorable oil-market conditions. This may attract income-oriented investors as the shares trade near record levels. Top Dividend Aristocrats
• Neutral Sentiment: Papua LNG expansion offers long-term growth but requires substantial investment. ExxonMobil plans to raise its Papua LNG stake from 28.7% to 34.1% and assume operatorship. The project is targeting a final investment decision in the fourth quarter of 2026, potentially expanding future LNG exposure while increasing capital and execution commitments. ExxonMobil Papua LNG Investment
• Negative Sentiment: Premium valuation could limit additional upside. Analysts note that XOM’s strong operating outlook and dividend record are already reflected in its elevated valuation. Earlier trading also showed the stock’s rally fading despite stronger crude prices, indicating that investors may be taking profits near the highs. ExxonMobil Stock Valuation

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.

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