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Exxon Mobil - XOM Stock Forecast, Price & News

$113.92
-1.00 (-0.87%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$113.85
$115.83
50-Day Range
$103.54
$117.76
52-Week Range
$74.03
$117.78
Volume
16.15 million shs
Average Volume
17.02 million shs
Market Capitalization
$469.16 billion
P/E Ratio
8.59
Dividend Yield
3.26%
Price Target
$117.96

Exxon Mobil MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
3.5% Upside
$117.96 Price Target
Short Interest
Healthy
0.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.02
Upright™ Environmental Score
News Sentiment
0.40mentions of Exxon Mobil in the last 14 days
Based on 53 Articles This Week
Insider Trading
Selling Shares
$551,250 Sold Last Quarter
Proj. Earnings Growth
-4.36%
From $10.32 to $9.87 Per Share

Overall MarketRank

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

2.38 out of 5 stars

Oils/Energy Sector

89th out of 236 stocks

Petroleum Refining Industry

9th out of 19 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.



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XOM Stock News Headlines

UK energy company BP's profits double to $27.7 billion
British energy company BP has reported record annual earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia’s invasion of Ukraine
MarketBeat Week in Review – 1/30 - 2/3 (XOM)
The markets are trending lower to end the week. It’s hard to figure out the markets after the blockbuster job report, but the MarketBeat team gave it a shot
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast
He predicted the 2020 crash a month before it happened…He predicted this year’s collapse back in January… And now, he’s issuing a brand-new warning – along with a unique solution.
Exxon Mobil Could Gush To New Highs Very Soon 
Exxon Mobil Corporation produced a record-setting quarter and has more of the same on tap for 2023 which means capital returns for shareholders.
Shell profit doubles to record as war drives up energy costs
Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia’s invasion of Ukraine
Unprecedented profit for Exxon as travel, and war, heated up
Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods
After Further Review, Investors Liked Exxon Mobil’s Earnings
Shares of Exxon Mobil Corporation are up 1.7% in mid-morning trading after the company posted a record profit for the full-year 2022.
Difficulty measuring methane slows plan to slash emissions
Satellites, drones and airplanes equipped with infrared cameras will likely be the backbone of a new federal policy to fine the nation’s largest methane polluters
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast
He predicted the 2020 crash a month before it happened…He predicted this year’s collapse back in January… And now, he’s issuing a brand-new warning – along with a unique solution.
Exxon booked record profits in 2022 as energy prices soared
Exxon Mobil posted record annual profits for 2022, as Americans struggled with high prices for gasoline, home heating and consumer goods
Exxon profits at record high in 2022 as energy prices soared
Exxon Mobil posted record annual profits for 2022, as Americans struggled with high prices for gasoline, home heating and consumer goods
Chevron Delights Shareholders with $75 Billion in Share Buybacks (XOM)
Chevron Corporation's $75 billion share buyback program is a nice reward for shareholders of CVX stock the day before the company reports earnings
How To Trade A Long-Term Bull Put Spread On XOM Stock
BP Stock Jumps On Mixed Q4, Throttles Back On Renewables
Argus Increases Exxon Mobil (NYSE:XOM) Price Target to $133.00
See More Headlines
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XOM Company Calendar

Ex-Dividend for 12/9 Dividend
11/14/2022
Dividend Payable
12/09/2022
Last Earnings
1/31/2023
Today
2/08/2023
Ex-Dividend for 3/10 Dividend
2/13/2023
Dividend Payable
3/10/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
30231G10
Employees
63,000
Year Founded
1870

Price Target and Rating

Average Stock Price Forecast
$117.96
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$84.00
Forecasted Upside/Downside
+3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
24 Analysts

Profitability

Net Income
$55.74 billion
Pretax Margin
18.80%

Debt

Sales & Book Value

Annual Sales
$413.68 billion
Cash Flow
$20.60 per share
Book Value
$49.16 per share

Miscellaneous

Outstanding Shares
4,118,290,000
Free Float
4,116,646,000
Market Cap
$469.16 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Darren W. WoodsDarren W. Woods
    Chairman & Chief Executive Officer
  • Kathryn A. MikellsKathryn A. Mikells
    Chief Financial Officer & Senior Vice President
  • Jack P. Williams
    Senior Vice President
  • Neil A. ChapmanNeil A. Chapman
    Senior Vice President
  • Len M. Fox
    Chief Accounting Officer, VP & Controller













XOM Stock - Frequently Asked Questions

Should I buy or sell Exxon Mobil stock right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last year. There are currently 1 sell rating, 7 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" XOM shares.
View XOM analyst ratings
or view top-rated stocks.

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

24 equities research analysts have issued 12-month price targets for Exxon Mobil's stock. Their XOM share price forecasts range from $84.00 to $140.00. On average, they predict the company's share price to reach $117.96 in the next year. This suggests a possible upside of 3.5% 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 at the start of the year. Since then, XOM stock has increased by 3.4% and is now trading at $114.00.
View the best growth stocks for 2023 here
.

Are investors shorting Exxon Mobil?

Exxon Mobil saw a decline in short interest during the month of December. As of December 30th, there was short interest totaling 32,730,000 shares, a decline of 20.0% from the December 15th total of 40,900,000 shares. Based on an average daily volume of 17,800,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the company's stock are sold short.
View Exxon Mobil's Short Interest
.

When is Exxon Mobil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our XOM earnings forecast
.

How were Exxon Mobil's earnings last quarter?

Exxon Mobil Co. (NYSE:XOM) issued its earnings results on Tuesday, January, 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.08. The oil and gas company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a trailing twelve-month return on equity of 31.25%. Exxon Mobil's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS.
Read the conference call transcript
.

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

Exxon Mobil announced a quarterly dividend on Tuesday, January 31st. Stockholders of record on Tuesday, February 14th will be given a dividend of $0.91 per share on Friday, March 10th. This represents a $3.64 annualized dividend and a yield of 3.19%. The ex-dividend date is Monday, February 13th.
Read our dividend analysis for XOM
.

Is Exxon Mobil a good dividend stock?

Exxon Mobil (NYSE:XOM) pays an annual dividend of $3.64 per share and currently has a dividend yield of 3.26%. 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 27.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XOM will have a dividend payout ratio of 36.88% 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 announced that its board has initiated a stock buyback program on Tuesday, February 1st 2022, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are 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."

Who are Exxon Mobil's major shareholders?

Exxon Mobil's stock is owned by a variety of institutional and retail investors. Top institutional investors include Swiss National Bank (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), California Public Employees Retirement System (0.23%), New York State Common Retirement Fund (0.17%), LSV Asset Management (0.15%) and Ninety One UK Ltd (0.13%). 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, Neil W Duffin, Stephen A Littleton and William C Weldon.
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 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 $114.00.

How much money does Exxon Mobil make?

Exxon Mobil (NYSE:XOM) has a market capitalization of $469.49 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 $13.26 on an earnings per share basis.

How many employees does Exxon Mobil have?

The company employs 63,000 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 or via fax at 972-444-1433.

This page (NYSE:XOM) was last updated on 2/8/2023 by MarketBeat.com Staff