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NYSE:XOM

Exxon Mobil (XOM) Stock Price, News & Analysis

$109.41
+1.05 (+0.97%)
(As of 06/18/2024 ET)
Today's Range
$108.80
$110.71
50-Day Range
$108.37
$122.20
52-Week Range
$95.77
$123.75
Volume
17.76 million shs
Average Volume
18.10 million shs
Market Capitalization
$431.40 billion
P/E Ratio
13.41
Dividend Yield
3.47%
Price Target
$133.71

Exxon Mobil MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
22.2% Upside
$133.71 Price Target
Short Interest
Healthy
1.02% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.02
Upright™ Environmental Score
News Sentiment
0.70mentions of Exxon Mobil in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$288,718 Sold Last Quarter
Proj. Earnings Growth
8.76%
From $9.36 to $10.18 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.

4.56 out of 5 stars

Oils/Energy Sector

39th out of 240 stocks

Petroleum Refining Industry

4th 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

XOM Stock News Headlines

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Chevron Stock Concerns: Perspectives Make the Difference (XOM)
Although Chevron has underperformed the broader market in the past 12 months, CVX stock is still a good buy for long-term investors
The asset beating inflation by 4x
Central Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Precious Metals Guide, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too.
Financial markets news icon
MarketBeat Week in Review – 5/27 - 5/31 (XOM)
Markets closed the week quietly after a sharp sell-off; however, the market is likely to remain volatile as several key economic reports are on deck
Chevron logo at Retail Gas Station
Chevron Eyes Hess, Exxon Resists: Here's the Trade (XOM)
Using professional methodologies, investors can find a way to spot the winner in this dogfight between Chevron and Exxon taking over Hess
Exxon Mobil logo displayed on a smartphone screen
Energy Sector Dip Presents a Compelling Buying Opportunity (XOM)
The recent dip in the energy sector may present a buying opportunity as it consolidates bullishly above its rising 200-day Simple Moving Average.
3 Oil & Gas Stocks to Buy Now: June 2024
Exxon Mobil: Prepare For A Rainy Day
The asset beating inflation by 4x
Central Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Precious Metals Guide, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too.
Exxon Mobil Set For A Breakout (Rating Upgrade)
See More Headlines
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Company Calendar

Last Earnings
4/26/2024
Ex-Dividend for 6/10 Dividend
5/14/2024
Dividend Payable
6/10/2024
Today
6/18/2024
Next Earnings (Estimated)
7/26/2024
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
$133.71
High Stock Price Target
$152.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+22.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
18 Analysts

Profitability

Net Income
$36.01 billion
Pretax Margin
14.17%

Debt

Sales & Book Value

Annual Sales
$344.58 billion
Cash Flow
$14.99 per share
Book Value
$53.63 per share

Miscellaneous

Outstanding Shares
3,943,010,000
Free Float
3,941,824,000
Market Cap
$431.40 billion
Optionable
Optionable
Beta
0.92

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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's stock price has shown resilience during market downturns, making it a potential safe haven investment.
  • With a strong history of dividend payments, Exxon Mobil offers investors a reliable source of passive income.
  • Exxon Mobil's diversified operations across the energy sector provide stability and exposure to various market segments.
  • Recent cost-cutting measures and efficiency improvements are expected to boost profitability in the coming quarters.
  • Exxon Mobil's focus on technological innovation and sustainability aligns with the growing ESG (Environmental, Social, and Governance) investing trend.

Cons

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

  • The volatility in oil prices can significantly impact Exxon Mobil's profitability and stock performance.
  • Increasing regulatory pressures on the energy sector may lead to higher compliance costs for Exxon Mobil.
  • Exxon Mobil's heavy reliance on fossil fuels exposes it to the risks associated with the transition to renewable energy sources.
  • Debt levels are relatively high, which could limit flexibility in pursuing growth opportunities or returning capital to shareholders.
  • Market competition and geopolitical factors can create uncertainties for Exxon Mobil's long-term growth prospects.
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 Saturday, June 8, 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 analysts have issued "buy," "hold," and "sell" ratings for Exxon Mobil in the last twelve months. There are currently 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12 month price objectives for Exxon Mobil's shares. Their XOM share price targets range from $105.00 to $152.00. On average, they expect the company's share price to reach $133.71 in the next twelve months. This suggests a possible upside of 22.2% 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 at the beginning of the year. Since then, XOM shares have increased by 9.4% and is now trading at $109.41.
View the best growth stocks for 2024 here
.

Are investors shorting Exxon Mobil?

Exxon Mobil saw a decrease in short interest in May. As of May 15th, there was short interest totaling 38,020,000 shares, a decrease of 65.2% from the April 30th total of 109,240,000 shares. Based on an average trading volume of 17,880,000 shares, the short-interest ratio is presently 2.1 days.
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, July 26th 2024.
View our XOM earnings forecast
.

How were Exxon Mobil's earnings last quarter?

Exxon Mobil Co. (NYSE:XOM) issued its earnings results on Friday, April, 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by $0.13. The oil and gas company had revenue of $83.08 billion for the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a trailing twelve-month return on equity of 16.75%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.83 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 Friday, April 26th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share on Monday, June 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Tuesday, May 14th.
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 3.48%. 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 46.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XOM will have a dividend payout ratio of 37.33% 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.74%), Price T Rowe Associates Inc. MD (1.15%), Bank of New York Mellon Corp (0.92%), Capital International Investors (0.70%), Capital Research Global Investors (0.47%) and Capital World Investors (0.38%). 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 6/19/2024 by MarketBeat.com Staff

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