Exxon Mobil (XOM) Stock Forecast, Price Target & Predictions
XOM Stock Forecast
Exxon Mobil stock forecast is as follows: an average price target of $118.02 (represents a 6.18% upside from XOM’s last price of $111.15) and a rating consensus of 'Buy', based on 27 wall street analysts offering a 1-year stock forecast.
XOM Price Target
The average price target for Exxon Mobil (XOM) is $118.02 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $154.00 to $60.00. This represents a potential 6.18% upside from XOM's last price of $111.15.
XOM Analyst Ratings
According to 27 Wall Street analysts, Exxon Mobil's rating consensus is 'Buy'. The analyst rating breakdown for XOM stock is 0 'Strong Buy' (0.00%), 18 'Buy' (66.67%), 9 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Exxon Mobil Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 17, 2024 | Doug Leggate | Wolfe Research | $146.00 | $117.64 | 24.11% | 31.35% |
| Jun 25, 2024 | Josh Silverstein | UBS | $154.00 | $114.05 | 35.03% | 38.55% |
| Jun 07, 2024 | Neal Dingmann | Truist Financial | $124.00 | $113.97 | 8.80% | 11.56% |
| May 06, 2024 | Josh Silverstein | UBS | $152.00 | $116.75 | 30.19% | 36.75% |
| Apr 30, 2024 | Roger Read | Wells Fargo | $142.00 | $118.27 | 20.06% | 27.76% |
| Apr 30, 2024 | Kim Fustier | HSBC | $120.00 | $119.64 | 0.30% | 7.96% |
| Apr 18, 2024 | Ryan Todd | Piper Sandler | $145.00 | $118.63 | 22.23% | 30.45% |
| Apr 11, 2024 | Josh Silverstein | UBS | $150.00 | $122.20 | 22.75% | 34.95% |
| Apr 08, 2024 | Lloyd Byrne | Jefferies | $140.00 | $121.37 | 15.35% | 25.96% |
| Apr 05, 2024 | Neal Dingmann | Truist Financial | $146.00 | $120.31 | 21.35% | 31.35% |
The latest Exxon Mobil stock forecast, released on Jul 17, 2024 by Doug Leggate from Wolfe Research, set a price target of $146.00, which represents a 24.11% increase from the stock price at the time of the forecast ($117.64), and a 31.35% increase from XOM last price ($111.15).
Exxon Mobil Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 20 |
| Avg Price Target | - | $150.00 | $132.60 |
| Last Closing Price | $111.15 | $111.15 | $111.15 |
| Upside/Downside | -100.00% | 34.95% | 19.30% |
In the current month, the average price target of Exxon Mobil stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Exxon Mobil's last price of $111.15. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 05, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 05, 2024 | UBS | Buy | Buy | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 09, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 02, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 25, 2024 | UBS | Buy | Buy | Hold |
| May 06, 2024 | UBS | Buy | Buy | Hold |
| Apr 30, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Apr 30, 2024 | HSBC | Hold | Hold | Hold |
| Apr 30, 2024 | Wells Fargo | Overweight | Overweight | Hold |
Exxon Mobil's last stock rating was published by Cowen & Co. on Aug 05, 2024. The company gave XOM a "Buy" rating, the same as its previous rate.
Exxon Mobil Financial Forecast
Exxon Mobil Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $88.57B | $80.80B | $83.64B | $93.16B | $106.51B | - | $87.73B | $84.97B | $71.89B |
| Avg Forecast | $89.77B | $89.86B | $89.77B | $90.07B | $89.76B | $89.78B | $90.20B | $89.50B | $88.05B | $87.96B | $87.71B | $87.03B | $91.12B | $92.51B | $90.30B | $88.71B | $92.69B | $95.96B | $93.45B | $82.23B | $88.27B | $93.59B | $81.80B | $85.65B | $97.35B | $104.59B | $111.30B | $82.84B | $85.01B | $71.13B |
| High Forecast | $117.66B | $117.78B | $117.67B | $118.05B | $117.65B | $117.68B | $118.22B | $117.31B | $115.40B | $115.29B | $114.96B | $114.07B | $119.43B | $121.25B | $118.35B | $116.28B | $121.49B | $101.63B | $122.48B | $107.77B | $94.12B | $102.61B | $107.22B | $112.26B | $127.59B | $137.09B | $111.30B | $92.34B | $94.76B | $79.30B |
| Low Forecast | $81.95B | $82.03B | $81.96B | $82.22B | $81.94B | $81.96B | $82.34B | $81.71B | $80.38B | $80.30B | $80.07B | $79.45B | $83.18B | $84.45B | $82.43B | $80.99B | $84.62B | $93.25B | $85.31B | $75.06B | $85.42B | $65.82B | $74.68B | $78.19B | $88.87B | $95.48B | $111.30B | $74.52B | $76.47B | $63.99B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.99% | 0.98% | 0.96% | 1.02% | - | 1.06% | 1.00% | 1.01% |
Exxon Mobil's average Quarter revenue forecast for Dec 23 based on 5 analysts is $88.27B, with a low forecast of $85.42B, and a high forecast of $94.12B. XOM's average Quarter revenue forecast represents a -0.34% decrease compared to the company's last Quarter revenue of $88.57B (Sep 23).
Exxon Mobil EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.28B | $16.15B | $21.21B | $24.11B | $31.27B | - | $17.63B | $11.73B | $14.62B |
| Avg Forecast | $14.57B | $14.58B | $14.57B | $14.62B | $14.57B | $14.57B | $14.64B | $14.52B | $14.29B | $14.27B | $14.23B | $14.12B | $14.79B | $15.01B | $14.65B | $14.40B | $15.04B | $15.57B | $15.16B | $13.90B | $14.32B | $15.19B | $13.27B | $12.63B | $15.80B | $15.87B | $18.06B | $9.99B | $16.42B | $14.43B |
| High Forecast | $19.09B | $19.11B | $19.09B | $19.16B | $19.09B | $19.10B | $19.19B | $19.04B | $18.73B | $18.71B | $18.66B | $18.51B | $19.38B | $19.68B | $19.21B | $18.87B | $19.72B | $16.49B | $19.88B | $16.68B | $15.27B | $16.65B | $17.40B | $15.16B | $20.70B | $19.05B | $18.06B | $11.98B | $19.70B | $17.32B |
| Low Forecast | $13.30B | $13.31B | $13.30B | $13.34B | $13.30B | $13.30B | $13.36B | $13.26B | $13.04B | $13.03B | $12.99B | $12.89B | $13.50B | $13.70B | $13.38B | $13.14B | $13.73B | $15.13B | $13.84B | $11.12B | $13.86B | $10.68B | $12.12B | $10.11B | $14.42B | $12.70B | $18.06B | $7.99B | $13.13B | $11.54B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.22% | 1.68% | 1.53% | 1.97% | - | 1.77% | 0.71% | 1.01% |
5 analysts predict XOM's average Quarter EBITDA for Dec 23 to be $14.32B, with a high of $15.27B and a low of $13.86B. This is -21.65% lower than Exxon Mobil's previous annual EBITDA (Sep 23) of $18.28B.
Exxon Mobil Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.07B | $7.88B | $11.43B | $12.75B | $19.66B | - | $5.48B | $9.08B | $6.75B |
| Avg Forecast | $9.84B | $10.71B | $10.79B | $10.66B | $12.80B | $12.96B | $12.76B | $12.42B | $11.22B | $11.30B | $10.85B | $10.43B | $10.11B | $10.45B | $9.66B | $9.08B | $9.07B | $9.05B | $8.70B | $4.32B | $9.45B | $10.21B | $8.78B | $3.92B | $14.20B | $7.33B | $15.33B | $3.10B | $8.37B | $6.66B |
| High Forecast | $13.82B | $15.03B | $15.15B | $14.97B | $17.96B | $18.19B | $17.91B | $17.43B | $15.75B | $15.86B | $15.23B | $14.65B | $14.19B | $14.66B | $13.56B | $12.74B | $12.73B | $10.55B | $12.22B | $5.18B | $9.83B | $10.67B | $12.33B | $4.71B | $19.93B | $8.80B | $15.33B | $3.72B | $10.04B | $8.00B |
| Low Forecast | $8.73B | $9.49B | $9.57B | $9.46B | $11.35B | $11.49B | $11.31B | $11.01B | $9.95B | $10.02B | $9.62B | $9.25B | $8.96B | $9.26B | $8.57B | $8.05B | $8.04B | $8.03B | $7.72B | $3.45B | $9.15B | $9.57B | $7.79B | $3.14B | $12.59B | $5.86B | $15.33B | $2.48B | $6.69B | $5.33B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.90% | 2.91% | 0.90% | 2.68% | - | 1.77% | 1.09% | 1.01% |
Exxon Mobil's average Quarter net income forecast for Dec 23 is $9.45B, with a range of $9.15B to $9.83B. XOM's average Quarter net income forecast represents a 4.15% increase compared to the company's last Quarter net income of $9.07B (Sep 23).
Exxon Mobil SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.65B | $2.61B | $2.56B | $2.93B | $2.48B | - | $2.52B | $2.51B | $2.29B |
| Avg Forecast | $3.78B | $3.79B | $3.78B | $3.80B | $3.78B | $3.79B | $3.80B | $3.77B | $3.71B | $3.71B | $3.70B | $3.67B | $3.84B | $3.90B | $3.81B | $3.74B | $3.91B | $4.05B | $3.94B | $3.84B | $3.72B | $3.95B | $3.45B | $3.49B | $4.10B | $2.48B | $4.69B | $2.76B | $2.37B | $2.26B |
| High Forecast | $4.96B | $4.97B | $4.96B | $4.98B | $4.96B | $4.96B | $4.98B | $4.95B | $4.87B | $4.86B | $4.85B | $4.81B | $5.04B | $5.11B | $4.99B | $4.90B | $5.12B | $4.28B | $5.16B | $4.61B | $3.97B | $4.33B | $4.52B | $4.19B | $5.38B | $2.98B | $4.69B | $3.31B | $2.85B | $2.71B |
| Low Forecast | $3.45B | $3.46B | $3.46B | $3.47B | $3.45B | $3.46B | $3.47B | $3.44B | $3.39B | $3.39B | $3.38B | $3.35B | $3.51B | $3.56B | $3.48B | $3.41B | $3.57B | $3.93B | $3.60B | $3.07B | $3.60B | $2.78B | $3.15B | $2.79B | $3.75B | $1.99B | $4.69B | $2.21B | $1.90B | $1.81B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 0.76% | 0.73% | 0.71% | 1.00% | - | 0.91% | 1.06% | 1.01% |
Exxon Mobil's average Quarter SG&A projection for Dec 23 is $3.72B, based on 5 Wall Street analysts, with a range of $3.60B to $3.97B. The forecast indicates a 40.17% rise compared to XOM last annual SG&A of $2.65B (Sep 23).
Exxon Mobil EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.25 | $1.94 | $2.89 | $3.09 | $4.68 | - | $1.28 | $2.13 | $1.57 |
| Avg Forecast | $2.28 | $2.48 | $2.50 | $2.47 | $2.96 | $3.00 | $2.95 | $2.88 | $2.60 | $2.62 | $2.51 | $2.42 | $2.34 | $2.42 | $2.24 | $2.10 | $2.10 | $2.10 | $2.02 | $2.19 | $2.19 | $2.37 | $2.03 | $2.60 | $3.29 | $3.86 | $3.84 | $2.23 | $1.94 | $1.56 |
| High Forecast | $3.20 | $3.48 | $3.51 | $3.47 | $4.16 | $4.21 | $4.15 | $4.04 | $3.65 | $3.67 | $3.53 | $3.39 | $3.29 | $3.40 | $3.14 | $2.95 | $2.95 | $2.44 | $2.83 | $3.07 | $2.28 | $2.47 | $2.86 | $3.65 | $4.62 | $5.42 | $3.84 | $2.56 | $2.23 | $1.79 |
| Low Forecast | $2.02 | $2.20 | $2.22 | $2.19 | $2.63 | $2.66 | $2.62 | $2.55 | $2.30 | $2.32 | $2.23 | $2.14 | $2.08 | $2.15 | $1.98 | $1.86 | $1.86 | $1.86 | $1.79 | $1.94 | $2.12 | $2.22 | $1.80 | $2.31 | $2.92 | $3.42 | $3.84 | $1.94 | $1.69 | $1.35 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.95% | 1.11% | 0.94% | 1.21% | - | 0.57% | 1.10% | 1.01% |
According to 5 Wall Street analysts, Exxon Mobil's projected average Quarter EPS for Dec 23 is $2.19, with a low estimate of $2.12 and a high estimate of $2.28. This represents a -2.75% decrease compared to XOM previous annual EPS of $2.25 (Sep 23).
Exxon Mobil Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EQNR | Equinor ASA | $25.09 | $82.50 | 228.82% | Hold |
| BP | BP p.l.c. | $31.84 | $43.18 | 35.62% | Buy |
| SHEL | Shell | $67.45 | $84.67 | 25.53% | Buy |
| CVX | Chevron | $140.61 | $174.93 | 24.41% | Buy |
| EC | Ecopetrol | $9.16 | $11.35 | 23.91% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $14.53 | $16.47 | 13.35% | Buy |
| SU | Suncor Energy | $36.44 | $40.78 | 11.91% | Buy |
| TTE | TotalEnergies SE | $67.65 | $72.00 | 6.43% | Hold |
| XOM | Exxon Mobil | $111.15 | $118.02 | 6.18% | Buy |
| CVE | Cenovus Energy | $16.20 | $17.01 | 5.00% | Buy |
| YPF | YPF Sociedad Anónima | $23.31 | $21.03 | -9.78% | Hold |
XOM Forecast FAQ
Is Exxon Mobil a good buy?
Yes, according to 27 Wall Street analysts, Exxon Mobil (XOM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 18 'Buy' recommendations, accounting for 66.67% of XOM's total ratings.
What is XOM's price target?
Exxon Mobil (XOM) average price target is $118.02 with a range of $60 to $154, implying a 6.18% from its last price of $111.15. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Exxon Mobil stock go up soon?
According to Wall Street analysts' prediction for XOM stock, the company can go up by 6.18% (from the last price of $111.15 to the average price target of $118.02), up by 38.55% based on the highest stock price target, and down by -46.02% based on the lowest stock price target.
Can Exxon Mobil stock reach $200?
XOM's average twelve months analyst stock price target of $118.02 does not support the claim that Exxon Mobil can reach $200 in the near future.
What are Exxon Mobil's analysts' financial forecasts?
Exxon Mobil's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $359.25B (high $470.86B, low $327.96B), average EBITDA is $58.3B (high $76.41B, low $53.22B), average net income is $50.93B (high $71.5B, low $45.16B), average SG&A $15.15B (high $19.85B, low $13.83B), and average EPS is $11.8 (high $16.56, low $10.46). XOM's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $359.47B (high $471.15B, low $328.16B), average EBITDA is $58.33B (high $76.46B, low $53.25B), average net income is $42B (high $58.97B, low $37.25B), average SG&A $15.15B (high $19.86B, low $13.83B), and average EPS is $9.73 (high $13.66, low $8.63).
Did the XOM's actual financial results beat the analysts' financial forecasts?
Based on Exxon Mobil's last annual report (Dec 2022), the company's revenue was $398.68B, beating the average analysts forecast of $396.08B by 0.66%. Apple's EBITDA was $102.59B, beating the average prediction of $59.72B by 71.79%. The company's net income was $55.74B, beating the average estimation of $39.96B by 39.47%. Apple's SG&A was $10.58B, missing the average forecast of $14.04B by -24.66%. Lastly, the company's EPS was $13.26, beating the average prediction of $13.22 by 0.33%. In terms of the last quarterly report (Sep 2023), Exxon Mobil's revenue was $88.57B, missing the average analysts' forecast of $93.59B by -5.37%. The company's EBITDA was $18.28B, beating the average prediction of $15.19B by 20.38%. Exxon Mobil's net income was $9.07B, missing the average estimation of $10.21B by -11.18%. The company's SG&A was $2.66B, missing the average forecast of $3.95B by -32.71%. Lastly, the company's EPS was $2.25, missing the average prediction of $2.37 by -4.88%