Exxon Mobil (XOM) Stock Price, News & Analysis

$120.36
-0.20 (-0.17%)
(As of 09:09 AM ET)
Today's Range
$120.36
$120.36
50-Day Range
$100.84
$122.20
52-Week Range
$95.77
$123.75
Volume
24,622 shs
Average Volume
18.03 million shs
Market Capitalization
$476.42 billion
P/E Ratio
13.54
Dividend Yield
3.16%
Price Target
$132.28

Exxon Mobil MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
9.7% Upside
$132.28 Price Target
Short Interest
Healthy
2.65% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.02
Upright™ Environmental Score
News Sentiment
0.82mentions of Exxon Mobil in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$252,000 Sold Last Quarter
Proj. Earnings Growth
5.36%
From $9.70 to $10.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Oils/Energy Sector

43rd out of 236 stocks

Petroleum Refining Industry

5th out of 17 stocks

XOM stock logo

About Exxon Mobil Stock (NYSE:XOM)

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 Stock Price History

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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 3/11 Dividend
2/13/2024
Dividend Payable
3/11/2024
Today
4/23/2024
Next Earnings (Confirmed)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$132.28
High Stock Price Target
$150.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Net Income
$36.01 billion
Pretax Margin
15.32%

Debt

Sales & Book Value

Annual Sales
$344.58 billion
Cash Flow
$15.03 per share
Book Value
$53.63 per share

Miscellaneous

Outstanding Shares
3,958,260,000
Free Float
3,957,073,000
Market Cap
$477.29 billion
Optionable
Optionable
Beta
0.96

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Should I Buy Exxon Mobil Stock? XOM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Exxon Mobil:

  • Exxon Mobil engages in the exploration and production of crude oil and natural gas, providing exposure to the energy sector.
  • The company operates through various segments, including Upstream, Energy Products, Chemical Products, and Specialty Products, diversifying its revenue streams.
  • Exxon Mobil offers a range of products under well-known brands like Exxon, Esso, and Mobil, enhancing brand recognition and customer loyalty.
  • The company is actively pursuing lower-emission business opportunities, such as carbon capture and storage, hydrogen, and lower-emission fuels, aligning with the global shift towards sustainability.
  • Considering the current stock price and market conditions, Exxon Mobil may present a value investment opportunity for long-term investors.

Cons

Investors should be bearish about investing in Exxon Mobil for these reasons:

  • Exxon Mobil operates in the petroleum refining industry, which can be subject to volatility due to fluctuations in oil prices and global demand.
  • The integrated oil and gas subindustry faces regulatory challenges and environmental concerns, impacting the company's operations and profitability.
  • Market trends towards renewable energy sources and increasing focus on sustainability may pose long-term risks to Exxon Mobil's traditional business model.
  • Recent developments in the energy sector, such as shifts towards electric vehicles and alternative fuels, could impact the demand for Exxon Mobil's products in the future.
  • Investors need to consider geopolitical factors, supply chain disruptions, and competitive pressures when evaluating the investment potential of Exxon Mobil.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Exxon Mobil pros and cons to contact@marketbeat.com.

XOM Stock Analysis - Frequently Asked Questions

Should I buy or sell Exxon Mobil stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

18 analysts have issued twelve-month price objectives for Exxon Mobil's shares. Their XOM share price targets range from $105.00 to $150.00. On average, they predict the company's share price to reach $132.28 in the next year. This suggests a possible upside of 9.7% 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 2024?

Exxon Mobil's stock was trading at $99.98 on January 1st, 2024. Since then, XOM shares have increased by 20.6% and is now trading at $120.58.
View the best growth stocks for 2024 here
.

When is Exxon Mobil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our XOM earnings forecast
.

How can I listen to Exxon Mobil's earnings call?

Exxon Mobil will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Exxon Mobil's earnings last quarter?

Exxon Mobil Co. (NYSE:XOM) issued its earnings results on Friday, February, 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.28. The oil and gas company earned $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a trailing twelve-month return on equity of 18.51%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the company posted $3.40 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, February 2nd. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.95 per share on Monday, March 11th. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, February 13th.
Read our dividend analysis for XOM
.

Is Exxon Mobil a good dividend stock?

Exxon Mobil (NYSE:XOM) pays an annual dividend of $3.80 per share and currently has a dividend yield of 3.17%. The company has been increasing its dividend for 41 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XOM will have a dividend payout ratio of 37.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for XOM.

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).

Who are Exxon Mobil's major shareholders?

Exxon Mobil's stock is owned by many different retail and institutional investors. Top institutional investors include Global Assets Advisory LLC (0.32%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Raymond James & Associates (0.08%), Wealth Enhancement Advisory Services LLC (0.04%), Doliver Advisors LP (0.03%) and State of Michigan Retirement System (0.03%). Insiders that own company stock include Darren W Woods, Darrin L Talley, James M Spellings Jr, Jeffrey W Ubben, Leonard M Fox, Linda D Ducharme, Michael J Angelakis and Stephen A Littleton.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:XOM) was last updated on 4/23/2024 by MarketBeat.com Staff

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