FY2026 Earnings Forecast for ExxonMobil Issued By Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for ExxonMobil to $10.00 (up from $5.00), kept a Sector Outperform rating with a $163 price target, and projected FY2027 EPS of $9.45 while the consensus FY2026 estimate is about $9.94.
• ExxonMobil shares opened around $148.15 with a market cap of $615.8 billion and a P/E of 22.15, and the company pays a quarterly dividend of $1.03 (annualized $4.12, yield ~2.8%).
• Analyst sentiment is mixed-to-positive with an average rating of “Moderate Buy” and a consensus target of $161.55, while institutional investors own about 61.80% of the stock amid notable stake increases by large funds.

ExxonMobil Corporation (NYSE:XOM - Free Report) - Equities research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for shares of ExxonMobil in a report released on Thursday, April 23rd. Scotiabank analyst B. Zhang now expects that the oil and gas company will post earnings of $10.00 per share for the year, up from their previous forecast of $5.00. Scotiabank currently has a "Sector Outperform" rating and a $163.00 target price on the stock. The consensus estimate for ExxonMobil's current full-year earnings is $9.94 per share. Scotiabank also issued estimates for ExxonMobil's FY2027 earnings at $9.45 EPS.

Other equities research analysts have also issued research reports about the company. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a "neutral" rating in a research note on Friday, April 17th. TD Cowen decreased their target price on shares of ExxonMobil from $175.00 to $172.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. Wells Fargo & Company lifted their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. HSBC lifted their price target on ExxonMobil from $135.00 to $158.00 and gave the company a "hold" rating in a report on Friday, March 20th. Finally, Loop Capital set a $123.00 price target on shares of ExxonMobil in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.55.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $148.15 on Tuesday. The company's 50-day moving average price is $154.74 and its 200 day moving average price is $134.37. The stock has a market cap of $615.79 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 0.75 and a beta of 0.29. ExxonMobil has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.ExxonMobil's quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share.

Hedge Funds Weigh In On ExxonMobil

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of ExxonMobil in the fourth quarter valued at about $7,625,063,000. Franklin Resources Inc. raised its holdings in shares of ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock valued at $4,366,655,000 after buying an additional 2,660,910 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company's stock worth $155,696,000 after acquiring an additional 2,546,791 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ExxonMobil by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company's stock worth $1,925,119,000 after acquiring an additional 2,465,410 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in ExxonMobil by 334.4% in the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company's stock worth $368,541,000 after acquiring an additional 2,357,467 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Transactions at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company's stock, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 11,460 shares of company stock worth $1,687,854 in the last ninety days. 0.03% of the stock is owned by insiders.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. ExxonMobil's payout ratio is 61.58%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Jim Cramer singled out Exxon (alongside Chevron) as part of a “classic long-term” oil play, which can boost retail/institutional investor confidence in XOM’s steady, dividend-focused positioning. Jim Cramer Says Oil Companies Like Chevron and Exxon “Have Classic Long-Term Approaches”
• Positive Sentiment: Coverage highlights a strategic shift at Exxon toward new business areas (advanced materials, CCS-enabled services, and integration of Pioneer assets) that could de‑risk future cash flows and support longer-term growth expectations. ExxonMobil’s latest move shows a shift by the global oil giant
• Positive Sentiment: A bullish preview argues XOM remains undervalued vs. fundamentals, citing Permian production gains from Pioneer assets and growth in new divisions — a narrative that supports buy-side interest ahead of results. Exxon Mobil's Earnings Might Change The Game (Preview)
• Positive Sentiment: Macro headlines show oil futures rising after U.S.-Iran peace talks were scrapped — higher oil prices generally lift upstream earnings and cash flow for majors like Exxon. 5 Things to Know Before the Stock Market Opens
• Negative Sentiment: Competitor BP is being portrayed as outperforming peers into Q1 results, a narrative that could pressure relative-performance investors and prompt reweighting away from Exxon if BP’s operational/financial beats continue. Big Oil Stocks: Why BP Is Leaving ExxonMobil in the Dust Ahead of Q1 Earnings
• Negative Sentiment: A lawsuit alleges ExxonMobil participated in a scheme shifting orphan-well cleanup costs to taxpayers — potential legal, remediation and reputational risks that investors will watch for escalation or material liabilities. Lawsuit claims Exxon Mobil, Empire Petroleum defrauded taxpayers in orphan well scheme
• Neutral Sentiment: Exxon’s large charitable fundraising in Houston generates positive PR but is unlikely to move the stock materially; useful for stakeholder relations, not near-term earnings. Exxon Mobil raises record-breaking $16 million for Houston nonprofits, mostly for United Way

ExxonMobil Company Profile

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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