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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Bank of Japan survey shows manufacturers optimistic about economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
66,000% upside on tiny biotech? (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Late-night shows return after writers strike as actors resume talks that could end their standoff
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Bank of Japan survey shows manufacturers optimistic about economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
66,000% upside on tiny biotech? (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Late-night shows return after writers strike as actors resume talks that could end their standoff
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Federal student loan payments are starting again. Here's what you need to know
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Bank of Japan survey shows manufacturers optimistic about economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
66,000% upside on tiny biotech? (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Late-night shows return after writers strike as actors resume talks that could end their standoff

Exxon Mobil (XOM) Stock Forecast, Price & News

$117.58
-1.89 (-1.58%)
(As of 09/29/2023 08:54 PM ET)
Compare
Today's Range
$116.73
$119.18
50-Day Range
$104.11
$120.20
52-Week Range
$87.31
$120.70
Volume
18.81 million shs
Average Volume
15.98 million shs
Market Capitalization
$470.70 billion
P/E Ratio
9.41
Dividend Yield
3.10%
Price Target
$124.17

Exxon Mobil MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
5.6% Upside
$124.17 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.02
Upright™ Environmental Score
News Sentiment
0.51mentions of Exxon Mobil in the last 14 days
Based on 42 Articles This Week
Insider Trading
Acquiring Shares
$48.97 M Bought Last Quarter
Proj. Earnings Growth
5.66%
From $9.19 to $9.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Energy Sector

4th out of 7 stocks

Oil & Gas Integrated Industry

2nd out of 2 stocks


XOM stock logo

About Exxon Mobil (NYSE:XOM) Stock

Exxon Mobil Corporation is the largest direct descendent of John D. Rockefeller’s Standard Oil and one of the world’s largest companies. Its earliest roots lie with Vacuum Oil which got its start in the 1860s. Vacuum Oil’s primary product was kerosene, an important advancement for heating and lighting in rural America. Vacuum Oil was later merged with Standard Oil of New Jersey which was the parent operation of the Standard Oil empire prior to its breakup. Standard Oil of New Jersey would merge with other independent operators over the next few years until settling on the brand Exxon for most of its operations.

Meanwhile, Standard Oil of New York was operating under much the same impetus, merging and growing, until it became known as Mobil. Then, in 1999, the two giants became one with a merger of equals that on paper had Exxon buying Mobil. Now, the combined company operates under the Exxon, Mobil, and Esso brands as an international vertically integrated energy and petrochemical business.

Today, the company explores and produces crude oil and natural gas and their derivative products globally. As of 2022, it was ranked 6th on Forbes’ Fortune 500 list and 12th on the Global 500 list but it has held positions from #1 to #10 over the years. In terms of its operations, it is the world’s second-largest oil refiner and the largest refiner outside of China. In terms of reserves, ExxonMobil claimed about 18.5 million barrels of oil and oil equivalents at the end of 2021 and was ranked 15th globally.

ExxonMobil operates through three segments that are the Upstream, Downstream, and Chemical segments. The Upstream segment explores for and produces oil and oil equivalents and represents roughly 70% of the income. The Downstream segment gathers, receives, stores, transports and refines oil and equivalents and their derivatives. The Downstream segment also markets and delivers fuel products to consumers and businesses. The Chemicals segment produces the full range of petrochemicals including plastics, resins and synthetic rubber.

ExxonMobil is committed to advancing sustainable and carbon-free energy solutions. The company is targeting 2050 for net-zero emissions and its 2030 interim targets are in alignment with the Paris Accord, the EU's Global Methane Pledge, and US Methane Emissions Reduction Action Plan. The company’s plans include investing $15 billion into reducing greenhouse emissions by 2028.



XOM Price History

XOM Stock News Headlines

Will the Energy Sector Continue to Outshine the Market? (XOM)
Despite the market selloff this month, the energy sector ETF XLE has shown significant strength, rising over 4% in the same period.
Energy Stocks Shine as High Oil Prices Boost Dividend Yields (XOM)
Rising bond yields challenge stocks as income sources, prompting investors to turn to dividend-paying energy stocks like EQT, Schlumberger, and Noble.
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Shell's 4.12% Dividend Yield: An Attractive Feature for Investors (XOM)
Shell's stock overcame resistance at $63.69 in heavy volume, with an attractive 4.12% dividend yield. Shell also instituted a $3 billion share buyback program.
Baker Hughes, Pioneer, Diamondback: Energy Stocks on the Rise (XOM)
Baker Hughes, Pioneer Resources, and Diamondback Energy lead the energy sector uptrend. Production cuts from Saudi Arabia and Russia are pushing up oil prices.
This is a Golden Time to Buy Beaten Down Oil Stocks (XOM)
The energy market is throwing a solid signal echoed by the industry, the ETFs that track it, and the stocks within it.
How Chevron CEO Mike Wirth Is Riding Oil’s Big Comeback
Exxon Mobil: Just An All Around Solid Company
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
ExxonMobil (XOM) Departs Kaieteur Oil Block Offshore Guyana
Exxon Mobil Stock Sets New All-Time High
Exxon Mobil: Big Market Changes
Exxon Mobil: Likely Higher For Longer
Exxon Mobil (XOM) Receives a Rating Update from a Top Analyst
Exxon Mobil (NYSE:XOM) Receives "Buy" Rating from Mizuho
See More Headlines
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XOM Company Calendar

Last Earnings
7/28/2023
Ex-Dividend for 9/11 Dividend
8/15/2023
Dividend Payable
9/11/2023
Today
10/02/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil & Gas Integrated
Sub-Industry
Integrated Oil & Gas
Sector
Energy
CUSIP
30231G10
Employees
62,000
Year Founded
1870

Price Target and Rating

Average Stock Price Forecast
$124.17
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$103.00
Forecasted Upside/Downside
+5.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
21 Analysts

Profitability

Net Income
$55.74 billion
Pretax Margin
19.29%

Debt

Sales & Book Value

Annual Sales
$413.68 billion
Cash Flow
$20.20 per share
Book Value
$49.16 per share

Miscellaneous

Outstanding Shares
4,003,190,000
Free Float
4,000,791,000
Market Cap
$470.70 billion
Optionable
Optionable
Beta
1.08

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Key Executives

  • Mr. Darren W. WoodsMr. Darren W. Woods (Age 58)
    Chairman, Pres & CEO
    Comp: $8.46M
  • Ms. Kathryn A. MikellsMs. Kathryn A. Mikells (Age 57)
    Sr. VP & CFO
    Comp: $5.57M
  • Mr. Neil A. ChapmanMr. Neil A. Chapman (Age 61)
    Sr. VP
    Comp: $5.25M
  • Mr. Jack P. Williams Jr. (Age 59)
    Sr. VP
    Comp: $5.4M
  • Ms. Karen T. McKee (Age 55)
    VP & Pres of ExxonMobil Product Solutions Company
    Comp: $4.61M
  • Mr. Leonard M. Fox (Age 59)
    VP, Principal Accounting Officer & Controller
  • Ms. Jennifer K. Driscoll (Age 57)
    VP of Investor Relations
  • Mr. Craig S. Morford (Age 64)
    VP, Sec. & Gen. Counsel
  • Ms. Suzanne M. McCarron
    VP of Public & Gov. Affairs
  • Ms. Tracey C. Gunnlaugsson
    VP of HR













XOM Stock - Frequently Asked Questions

Should I buy or sell Exxon Mobil stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last year. There are currently 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" XOM shares.
View XOM analyst ratings
or view top-rated stocks.

What is Exxon Mobil's stock price forecast for 2023?

21 brokers have issued twelve-month price targets for Exxon Mobil's shares. Their XOM share price forecasts range from $103.00 to $150.00. On average, they anticipate the company's stock price to reach $124.17 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for XOM
or view top-rated stocks among Wall Street analysts.

How have XOM shares performed in 2023?

Exxon Mobil's stock was trading at $110.30 on January 1st, 2023. Since then, XOM stock has increased by 6.6% and is now trading at $117.58.
View the best growth stocks for 2023 here
.

When is Exxon Mobil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our XOM earnings forecast
.

How were Exxon Mobil's earnings last quarter?

Exxon Mobil Co. (NYSE:XOM) issued its earnings results on Friday, July, 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by $0.06. The oil and gas company earned $82.91 billion during the quarter, compared to analysts' expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a trailing twelve-month return on equity of 25.82%. The company's revenue was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.14 EPS.
Read the conference call transcript
.

How often does Exxon Mobil pay dividends? What is the dividend yield for Exxon Mobil?

Exxon Mobil declared a quarterly dividend on Friday, July 28th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.91 per share on Monday, September 11th. This represents a $3.64 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, August 15th.
Read our dividend analysis for XOM
.

Is Exxon Mobil a good dividend stock?

Exxon Mobil (NYSE:XOM) pays an annual dividend of $3.64 per share and currently has a dividend yield of 3.10%. The company has been increasing its dividend for 40 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XOM will have a dividend payout ratio of 37.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for XOM.

How will Exxon Mobil's stock buyback program work?

Exxon Mobil declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 1st 2022, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

What is Darren Woods' approval rating as Exxon Mobil's CEO?

436 employees have rated Exxon Mobil Chief Executive Officer Darren Woods on Glassdoor.com. Darren Woods has an approval rating of 26% among the company's employees. This puts Darren Woods in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 43.0% of employees surveyed would recommend working at Exxon Mobil to a friend.

What other stocks do shareholders of Exxon Mobil own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Exxon Mobil investors own include AT&T (T), Chevron (CVX), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), Cisco Systems (CSCO) and General Electric (GE).

What is Exxon Mobil's stock symbol?

Exxon Mobil trades on the New York Stock Exchange (NYSE) under the ticker symbol "XOM."

How do I buy shares of Exxon Mobil?

Shares of XOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Exxon Mobil's stock price today?

One share of XOM stock can currently be purchased for approximately $117.58.

How much money does Exxon Mobil make?

Exxon Mobil (NYSE:XOM) has a market capitalization of $470.70 billion and generates $413.68 billion in revenue each year. The oil and gas company earns $55.74 billion in net income (profit) each year or $12.50 on an earnings per share basis.

How many employees does Exxon Mobil have?

The company employs 62,000 workers across the globe.

Does Exxon Mobil have any subsidiaries?
The following companies are subsidiares of Exxon Mobil: AKG Marketing Company Limited, Al-Jubail Petrochemical Company, Ampolex (Cepu) Pte Ltd, Ancon Insurance Company Inc., BEB Erdgas und Erdoel GmbH & Co. KG, Canada Imperial Oil Limited, Celtic Exploration Ltd., Cross Timbers Energy LLC, Ellora Energy Inc., Esso (Thailand) Public Company Limited, Esso Australia Resources Pty Ltd, Esso Deutschland GmbH, Esso Erdgas Beteiligungsgesellschaft mbH, Esso Exploration Angola (Block 15) Limited, Esso Exploration Angola (Block 17) Limited, Esso Exploration and Production Angola (Overseas) Limited, Esso Exploration and Production Chad Inc., Esso Exploration and Production Guyana Limited, Esso Exploration and Production Nigeria (Deepwater) Limited, Esso Exploration and Production Nigeria (Offshore East) Limited, Esso Exploration and Production Nigeria Limited, Esso Exploration and Production UK Limited, Esso Italiana S.r.l., Esso Nederland B.V., Esso Norge AS, Esso Petroleum Company Limited, Esso Raffinage, Esso Societe Anonyme Francaise, Exxon Azerbaijan Limited, Exxon Chemical Arabia Inc., Exxon Neftegas Limited, ExxonMobil (China) Investment Co. Ltd., ExxonMobil (Taicang) Petroleum Co. Ltd., ExxonMobil Abu Dhabi Offshore Petroleum Company Limited, ExxonMobil Africa and Middle East Management Ltd, ExxonMobil Alaska Production Inc., ExxonMobil Asia Pacific Pte. Ltd., ExxonMobil Australia Pty Ltd, ExxonMobil Barzan Limited, ExxonMobil Canada Export Trading LLC, ExxonMobil Canada Ltd., ExxonMobil Canada Properties, ExxonMobil Canada Resources Company, ExxonMobil Capital Netherlands B.V., ExxonMobil Central Europe Holding GmbH, ExxonMobil Cepu Limited, ExxonMobil Chemical France, ExxonMobil Chemical Gulf Coast Investments LLC, ExxonMobil Chemical Holland B.V., ExxonMobil China Petroleum & Petrochemical Company Limited, ExxonMobil Development Africa B.V., ExxonMobil Egypt (S.A.E.), ExxonMobil Exploracao Brasil Ltda, ExxonMobil Exploration Argentina Sociedad de Responsabilidad Limitada, ExxonMobil Exploration and Production Malaysia Inc., ExxonMobil Exploration and Production Romania Limited, ExxonMobil Exploration and Production Tanzania Limited, ExxonMobil Finance Company Limited, ExxonMobil Financial Investment Company Limited, ExxonMobil Gas Marketing Europe Limited, ExxonMobil Global Services Company, ExxonMobil Holding Company Holland LLC, ExxonMobil Hong Kong Limited, ExxonMobil Investments (Dubai) LTD, ExxonMobil Iraq Limited, ExxonMobil Italiana Gas S.r.l., ExxonMobil Kazakhstan Inc., ExxonMobil Kazakhstan Ventures Inc., ExxonMobil LNG Services B.V., ExxonMobil Marine Limited, ExxonMobil Mexico S.A. de C.V., ExxonMobil Oil Corporation, ExxonMobil PNG Antelope Limited, ExxonMobil PNG Limited, ExxonMobil Permian Highway Pipeline LLC, ExxonMobil Petroleum & Chemical BV, ExxonMobil Pipeline Company, ExxonMobil Production Deutschland GmbH, ExxonMobil Qatargas (II) Limited, ExxonMobil Qatargas Inc., ExxonMobil Ras Laffan (III) Limited, ExxonMobil Rasgas Inc., ExxonMobil Research and Engineering Company, ExxonMobil Sales and Supply LLC, ExxonMobil Upstream Integrated Solutions Company, Golden Pass LNG Terminal Investments LLC, Gulf Coast Growth Ventures LLC, Imperial Oil Limited, Imperial Oil Resources Limited, Imperial Oil Resources N.W.T. Limited, Imperial Oil/Petroliere Imperiale, InterOil Corporation, Jurong Aromatics Corporation Pte Ltd, MPM Lubricants, Mobil Australia Resources Company Pty Limited, Mobil California Exploration & Producing Asset Company, Mobil Corporation, Mobil Equatorial Guinea Inc., Mobil Oil Australia Pty Ltd, Mobil Oil Exploration & Producing Southeast Inc., Mobil Oil New Zealand Limited, Mobil Producing Nigeria Unlimited, Mobil Yanbu Petrochemical Company Inc., Mobil Yanbu Refining Company Inc., Mountain Gathering LLC, Nederlandse Aardolie Maatschappij B.V., Palmetto Transoceanic LLC, Phillips Exploration LLC, Saudi Aramco Mobil Refinery Company Ltd., Saudi Yanbu Petrochemical Co., SeaRiver Maritime Inc., SeaRiver Maritime LLC, Terminale GNL Adriatico S.r.l., Wolverine Pipe Line Company, Worex S.N.C., XH LLC, XTO Delaware Basin LLC, XTO Energy, XTO Energy Canada, XTO Energy Inc., XTO Holdings LLC, XTO Permian Midstream LLC, and XTO Permian Operating LLC.
Read More
How can I contact Exxon Mobil?

Exxon Mobil's mailing address is 5959 LAS COLINAS BOULEVARD, IRVING TX, 75039. The official website for the company is corporate.exxonmobil.com. The oil and gas company can be reached via phone at (972) 940-6000, via email at shareholderrelations@exxonmobil.com, or via fax at 972-444-1433.

This page (NYSE:XOM) was last updated on 10/2/2023 by MarketBeat.com Staff

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