Exxon Mobil (XOM) Stock Forecast, Price Target & Predictions
XOM Stock Forecast
Exxon Mobil stock forecast is as follows: an average price target of $119.94 (represents a -0.51% downside from XOM’s last price of $120.56) 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 $119.94 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 -0.51% downside from XOM's last price of $120.56.
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%), 20 'Buy' (74.07%), 7 'Hold' (25.93%), 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 |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | Nitin Kumar | Mizuho Securities | $137.00 | $121.84 | 12.44% | 13.64% |
| Oct 17, 2024 | Jean Ann Salisbury | Bank of America Securities | $124.00 | $120.66 | 2.77% | 2.85% |
| Oct 10, 2024 | Paul Cheng | Scotiabank | $145.00 | $123.27 | 17.63% | 20.27% |
| Oct 04, 2024 | Paul Cheng | Scotiabank | $129.00 | $124.83 | 3.34% | 7.00% |
| Oct 04, 2024 | Nitin Kumar | Mizuho Securities | $130.00 | $124.83 | 4.14% | 7.83% |
| Oct 02, 2024 | Betty Jiang | Barclays | $137.00 | $119.93 | 14.23% | 13.64% |
| Sep 30, 2024 | Neal Dingmann | Truist Financial | $117.00 | $115.82 | 1.02% | -2.95% |
| Sep 24, 2024 | Peter Low | Redburn Partners | $120.00 | $117.36 | 2.25% | -0.46% |
| Sep 16, 2024 | Neil Mehta | Goldman Sachs | $118.00 | $111.15 | 6.16% | -2.12% |
| Jul 17, 2024 | Doug Leggate | Wolfe Research | $146.00 | $117.64 | 24.11% | 21.10% |
The latest Exxon Mobil stock forecast, released on Nov 14, 2024 by Nitin Kumar from Mizuho Securities, set a price target of $137.00, which represents a 12.44% increase from the stock price at the time of the forecast ($121.84), and a 13.64% increase from XOM last price ($120.56).
Exxon Mobil Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 9 | 21 |
| Avg Price Target | $130.50 | $128.56 | $135.52 |
| Last Closing Price | $120.56 | $120.56 | $120.56 |
| Upside/Downside | 8.24% | 6.64% | 12.41% |
In the current month, the average price target of Exxon Mobil stock is $130.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 8.24% increase as opposed to Exxon Mobil's last price of $120.56. This month's average price target is up 1.51% compared to last quarter, and down -3.70% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 10, 2024 | Scotiabank | Sector Perform | Outperform | Upgrade |
| Oct 09, 2024 | Exane BNP Paribas | Neutral | Underperform | Downgrade |
| Oct 04, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Oct 04, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 02, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 24, 2024 | Wedbush | - | Outperform | Upgrade |
| Sep 16, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Aug 05, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 05, 2024 | UBS | Buy | Buy | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
Exxon Mobil's last stock rating was published by Scotiabank on Oct 10, 2024. The company Upgrade its XOM rating from "Sector Perform" to "Outperform".
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $88.57B | $80.80B | $83.64B | $93.16B | $106.51B | $111.27B | $87.73B | $84.97B | $71.89B |
| Avg Forecast | $86.73B | $86.82B | $86.74B | $87.02B | $87.14B | $87.17B | $87.57B | $86.90B | $86.75B | $86.65B | $86.39B | $85.72B | $90.39B | $89.89B | $87.24B | $85.22B | $88.79B | $93.98B | $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 | $97.76B | $97.86B | $97.76B | $98.08B | $98.22B | $98.25B | $98.70B | $97.94B | $97.77B | $97.67B | $97.37B | $96.61B | $101.88B | $101.31B | $98.33B | $91.13B | $94.47B | $94.54B | $95.13B | $83.67B | $94.12B | $102.61B | $92.20B | $96.54B | $109.72B | $104.59B | $111.30B | $82.84B | $85.01B | $71.13B |
| Low Forecast | $78.81B | $78.89B | $78.82B | $79.07B | $79.19B | $79.21B | $79.58B | $78.96B | $78.82B | $78.74B | $78.50B | $77.89B | $82.14B | $81.68B | $79.28B | $77.33B | $82.48B | $93.42B | $91.77B | $80.79B | $85.42B | $65.82B | $74.33B | $77.83B | $88.46B | $104.59B | $111.30B | $82.84B | $85.01B | $71.13B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.99% | 0.98% | 0.96% | 1.02% | 1.00% | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.28B | $16.15B | $21.21B | $24.11B | $31.27B | $29.58B | $17.63B | $11.73B | $14.62B |
| Avg Forecast | $13.55B | $13.56B | $13.55B | $13.59B | $13.61B | $13.62B | $13.68B | $13.58B | $13.55B | $13.54B | $13.50B | $13.39B | $14.12B | $14.04B | $13.63B | $13.31B | $13.87B | $14.68B | $14.60B | $13.90B | $13.79B | $14.62B | $12.78B | $12.63B | $18.06B | $16.97B | $18.06B | $9.99B | $13.79B | $11.54B |
| High Forecast | $15.27B | $15.29B | $15.27B | $15.32B | $15.34B | $15.35B | $15.42B | $15.30B | $15.27B | $15.26B | $15.21B | $15.09B | $15.92B | $15.83B | $15.36B | $14.24B | $14.76B | $14.77B | $14.86B | $16.68B | $14.70B | $16.03B | $14.40B | $15.16B | $21.67B | $16.97B | $18.06B | $11.98B | $13.79B | $11.54B |
| Low Forecast | $12.31B | $12.33B | $12.31B | $12.35B | $12.37B | $12.37B | $12.43B | $12.34B | $12.31B | $12.30B | $12.26B | $12.17B | $12.83B | $12.76B | $12.39B | $12.08B | $12.89B | $14.59B | $14.34B | $11.12B | $13.34B | $10.28B | $11.61B | $10.11B | $14.45B | $16.97B | $18.06B | $7.99B | $13.79B | $11.54B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.26% | 1.68% | 1.34% | 1.84% | 1.64% | 1.77% | 0.85% | 1.27% |
5 analysts predict XOM's average Quarter EBITDA for Dec 23 to be $13.79B, with a high of $14.70B and a low of $13.34B. This is -24.57% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.07B | $7.88B | $11.43B | $12.75B | $19.66B | $17.85B | $5.48B | $9.08B | $6.75B |
| Avg Forecast | $12.85B | $13.24B | $13.12B | $12.96B | $12.85B | $13.02B | $12.83B | $12.49B | $11.09B | $11.21B | $10.81B | $10.30B | $9.34B | $9.33B | $8.83B | $8.27B | $8.01B | $8.37B | $8.99B | $4.32B | $9.76B | $10.55B | $9.08B | $3.92B | $9.20B | $16.67B | $16.56B | $3.10B | $8.38B | $6.73B |
| High Forecast | $14.98B | $15.42B | $15.28B | $15.10B | $14.97B | $15.18B | $14.95B | $14.56B | $12.93B | $13.06B | $12.59B | $12.00B | $10.88B | $10.87B | $10.28B | $9.02B | $8.56B | $9.76B | $8.99B | $5.18B | $10.16B | $11.03B | $10.58B | $4.71B | $11.04B | $16.67B | $16.56B | $3.72B | $8.49B | $6.73B |
| Low Forecast | $11.33B | $11.66B | $11.56B | $11.42B | $11.32B | $11.48B | $11.30B | $11.01B | $9.78B | $9.88B | $9.52B | $9.08B | $8.23B | $8.22B | $7.78B | $7.52B | $7.28B | $7.38B | $8.99B | $3.45B | $9.45B | $9.89B | $8.00B | $3.14B | $7.36B | $16.67B | $16.56B | $2.48B | $8.28B | $6.73B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.87% | 2.91% | 1.39% | 1.18% | 1.08% | 1.77% | 1.08% | 1.00% |
Exxon Mobil's average Quarter net income forecast for Dec 23 is $9.76B, with a range of $9.45B to $10.16B. XOM's average Quarter net income forecast represents a 7.65% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.65B | $2.61B | $2.56B | $2.93B | $2.48B | $2.65B | $2.52B | $2.51B | $2.29B |
| Avg Forecast | $3.70B | $3.71B | $3.70B | $3.71B | $3.72B | $3.72B | $3.74B | $3.71B | $3.70B | $3.70B | $3.69B | $3.66B | $3.86B | $3.84B | $3.72B | $3.64B | $3.79B | $4.01B | $3.99B | $3.84B | $3.77B | $4.00B | $3.49B | $3.49B | $2.61B | $4.41B | $4.69B | $2.76B | $3.58B | $3.00B |
| High Forecast | $4.17B | $4.18B | $4.17B | $4.19B | $4.19B | $4.19B | $4.21B | $4.18B | $4.17B | $4.17B | $4.16B | $4.12B | $4.35B | $4.32B | $4.20B | $3.89B | $4.03B | $4.04B | $4.06B | $4.61B | $4.02B | $4.38B | $3.94B | $4.19B | $3.13B | $4.41B | $4.69B | $3.31B | $3.58B | $3.00B |
| Low Forecast | $3.36B | $3.37B | $3.36B | $3.38B | $3.38B | $3.38B | $3.40B | $3.37B | $3.36B | $3.36B | $3.35B | $3.32B | $3.51B | $3.49B | $3.38B | $3.30B | $3.52B | $3.99B | $3.92B | $3.07B | $3.65B | $2.81B | $3.17B | $2.79B | $2.09B | $4.41B | $4.69B | $2.21B | $3.58B | $3.00B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.75% | 0.73% | 1.12% | 0.56% | 0.56% | 0.91% | 0.70% | 0.76% |
Exxon Mobil's average Quarter SG&A projection for Dec 23 is $3.77B, based on 5 Wall Street analysts, with a range of $3.65B to $4.02B. The forecast indicates a 41.92% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 4 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.25 | $1.94 | $2.89 | $3.09 | $4.68 | $4.21 | $1.28 | $2.13 | $1.57 |
| Avg Forecast | $2.88 | $2.97 | $2.94 | $2.91 | $2.88 | $2.92 | $2.87 | $2.80 | $2.49 | $2.51 | $2.42 | $2.31 | $2.09 | $2.09 | $1.98 | $1.85 | $1.80 | $1.88 | $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 | $3.36 | $3.46 | $3.43 | $3.39 | $3.35 | $3.40 | $3.35 | $3.26 | $2.90 | $2.93 | $2.82 | $2.69 | $2.44 | $2.44 | $2.30 | $2.02 | $1.92 | $2.19 | $2.02 | $2.20 | $2.28 | $2.47 | $2.37 | $3.03 | $3.83 | $3.86 | $3.84 | $2.23 | $1.97 | $1.56 |
| Low Forecast | $2.54 | $2.61 | $2.59 | $2.56 | $2.54 | $2.57 | $2.53 | $2.47 | $2.19 | $2.21 | $2.13 | $2.03 | $1.84 | $1.84 | $1.74 | $1.69 | $1.63 | $1.65 | $2.02 | $2.18 | $2.12 | $2.22 | $1.79 | $2.29 | $2.90 | $3.86 | $3.84 | $2.23 | $1.92 | $1.56 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.95% | 1.11% | 0.94% | 1.21% | 1.10% | 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 | $23.69 | $82.50 | 248.25% | Hold |
| CVE | Cenovus Energy | $15.84 | $31.00 | 95.71% | Buy |
| BP | BP p.l.c. | $29.05 | $43.18 | 48.64% | Buy |
| EC | Ecopetrol | $7.73 | $11.35 | 46.83% | Buy |
| TTE | TotalEnergies SE | $60.47 | $78.50 | 29.82% | Hold |
| SHEL | Shell | $65.79 | $84.00 | 27.68% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $13.99 | $16.30 | 16.51% | Buy |
| CVX | Chevron | $161.80 | $173.19 | 7.04% | Buy |
| SU | Suncor Energy | $40.44 | $41.28 | 2.08% | Buy |
| XOM | Exxon Mobil | $120.56 | $119.94 | -0.51% | Buy |
| YPF | YPF Sociedad Anónima | $32.26 | $22.62 | -29.88% | Hold |